NCV-v: New Cantech Ventures - Page 4

42 cents!

bids again moved up on depth.

42.5 cents cleared!

strong bids now at this price.

45 cents!

bids again moved up.

NCV's Blusson acquires 850,000 shares

New Cantech's Blusson acquires 850,000 shares

New Cantech Ventures Inc (C:NCV)
Shares Issued 28,157,301
Last Close 4/21/2006 $0.445
Friday April 21 2006 - News Release

Mr. Ross Blusson reports

Ross Blusson has acquired beneficial ownership of 850,000 common shares and 850,000 warrants, with each warrant entitling Mr. Blusson to purchase a further common share of New Cantech Ventures Inc. The acquisition was effected by way of a private placement purchase of shares and warrants directly from New Cantech. These securities represented 4.70 per cent of the issued and outstanding common shares of New Cantech assuming exercise of all of the 850,000 warrants acquired by Mr. Blusson.

Immediately following the purchase of the 850,000 shares and 850,000 warrants detailed above, Mr. Blusson held or controlled 3,099,551 common shares in the capital of New Cantech together with warrants to acquire a further 1,711,250 shares and options to acquire a further 390,000 shares. These securities represent a total of 5,200,801 common shares or 13.94 per cent of the then issued and outstanding shares of New Cantech assuming exercise of all of the warrants and the options controlled by Mr. Blusson.

The shares were acquired for investment purposes and Mr. Blusson may acquire further securities of New Cantech in the future.

49 cents!

the lucky ship results were extremely good yet there was a lag in the response. moreover, insider blusson added a lot more shares.

NCV releases Lucky Ship Resource Estimate

2006-04-28 06:05 ET - News Release

New Cantech Ventures Inc. is releasing the estimates of its mineral resources for its Lucky Ship molybdenum property as prepared by Dr. N.C. Carter, PEng, an independent qualified person as defined by National Instrument 43-101. In preparing this estimate, Dr. Carter reviewed technical information acquired and compiled on behalf of Cantech by Dr. R.H. McMillan, PhD, PGeo, Cantech's designated qualified person.

A comprehensive National Instrument 43-101 compliant technical report detailing these mineral resource estimates will be completed and filed on SEDAR within 45 days of the date of this news.

The mineral resource estimates are based on the results of more than 4,900 metres of diamond drilling in 28 holes completed by New Cantech since mid-2005, and in part, on results obtained from 11,000 metres of diamond drilling (23 holes) undertaken by Amax Exploration Inc. between 1964 and 1968.

Estimates of indicated and inferred mineral resources, at cut-off grades of 0.030 per cent and 0.060 per cent molybdenum, are summarized in the following table.

Cut-off Type Tonnes Mo Mo
mm % mm lbs

0.030 Indicated 19.2 0.076 32.2
0.030 Inferred 33.9 0.069 51.6
0.060 Indicated 12.7 0.089 24.9
0.060 Inferred 19.5 0.087 37.4

The foregoing mineral resource estimates have been prepared pursuant to CIM Standards on Mineral Resources and Reserves referred to in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Resources were calculated for nine individual drill hole cross-sections employing the following parameters: Cut-off grades -- 0.030 per cent and 0.060 per cent Mo; area of influence for individual drill holes on section -- midway point between drill holes; area of influence for individual cross-sections --- midway point between sections; assumed specific gravity -- - 2.65. Note that these are mineral resources and do not have demonstrated economic viability.

New diamond drilling

Cantech has signed a diamond drill contract with Lone Ranger Diamond Drilling of Lumby, B.C., for a further 5,000 metres of diamond drilling. This program will involve 15 infill holes designed to move inferred resources into the indicated category. These holes will range from 140 metres to 420 metres in length. In addition, one deep 1,100-metre drill hole is planned to test the possibility of a larger Henderson-type deposit at depth below the main Lucky ship deposit. Henderson is a multihundred million-tonne high-grade molybdenum deposit grading 0.3 per cent molybdenum (six pounds per tonne) in Colorado. The Henderson deposit is located below the Urad deposit in a geological environment similar in nature to the Lucky Ship deposit. Drilling will commence mid-June, 2006.

Property location

Cantech's Lucky Ship molybdenum property located in western-central British Columbia, Canada, approximately 65 kilometres southwest of Houston, B.C., and is accessed by logging road.

Bulk sample test permit application

Cantech has applied for a permit for a 10,000-tonne bulk sample test. Cantech previously commenced work to support that permit application.

Water sampling program -- mining permit application

Cantech is also continuing its baseline water sampling program to support its mining permit application, which it hopes to file later in 2006.

Dr. McMillan, PGeo, Cantech's designated qualified person, is the qualified person as defined in National Instrument 43-101 and is responsible for overseeing the design and execution of the Lucky Ship exploration program and for the design and execution of the Lucky Ship drill program. In accordance with National Instrument 43-101, Dr. McMillan has verified the data disclosed in this news.

57 cents!

i tried posting this morning on this one but for some reason server was constantly busy, and then i forgot about it. lucky ship reserves announced in a pp.

this one should continue to run up given the strength of moly and the very sizable reserves ncv has.

NCV hires Derek Huston for Investor Relations

Tuesday May 02 2006 - News Release

Mr. Dalton DuPasquier reports

INVESTOR RELATIONS AGREEMENT WITH DEREK HUSTON

New Cantech Ventures Inc. has entered into an investor relations agreement with Derek Huston. The terms of the investor relations agreement include the monthly payment of $5,000 per month and reimbursed $200 per month for telephone expenses for a total monthly fee of $5,200 plus GST.

Mr. Huston currently holds 465,000 stock options, of which 345,000 stock options have been granted in the past 12 months. Therefore, Mr. Huston's stock option agreements will be amended to include vesting provisions.

The investor relations agreement is subject to the approval of the exchange.

Grant of stock options

The company has granted options to directors, officers and consultants to purchase up to 480,000 shares in total at the price of 42 cents per share.

i sold out of this one when it crossed 48 cents, my line in the sand--sold some as high as 50 but none higher. now drilling their indi property jv with mtb and
pnl. don't own it yet but could be interesting one to get back in this play, but probably more interesting the two lead companies.

New Cantech drills 49.27 g/t Au over 1.52m at Indi

2006-07-18 22:19 ET - News Release

Also News Release (C-MTB) Mountain Boy Minerals Ltd
Also News Release (C-PNL) Pinnacle Mines Ltd (2)

Mr. Dalton DuPasquier of New Cantech reports

DRILLING CONTINUES TO INTERSECT HIGH GRADE GOLD ON CANTECH'S INDI PROPERTY WITH DDH-2006-150 INTERSECTING 1.52 M OF 32.5 G/T AU

New Cantech Ventures Inc. has intersected high gold values in the Main Breccia zone on the Indi property and the adjoining Silver Coin and Kansas properties.

The Indi property is a gold-silver-base metal property located about 24 kilometres north of Stewart, B.C., in the Skeena mining division and contiguous to the Kansas and Silver Coin properties.

To date, a total of over 7,000 metres of drilling have been completed on the Silver Coin, Kansas and Indi properties in 30 holes by three drills working on the properties. Such drilling includes seven holes (DDH 92, 93, 94, 95, 96, 97 and 150) which have been collared on the Indi property and drilled into the Kansas property. One drill is testing at depth with holes up to 800 metres deep while two drills are testing in areas surrounding the identified mineral resource. It is the intention to complete approximately 20,000 metres of drilling on the three properties in the 2006 field season with an expected 8,000 metres to be located on the Indi property.

Assays have been received for the first eight holes with assay results greater than one gram per tonne Au listed in the section below. DDH 92 and 93 were drilled off the same setup at minus 45 and 60 degrees respectively. DDH 94 and 95 were drilled off the same setup at minus 45 and 60 degrees respectively. DDH 96 and 97 were drilled off the same setup at minus 45 and 60 degrees respectively. DDH 98 and 99 were drilled off the same setup at minus 45 and 60 degrees respectively, but the program is awaiting assays for DDH 99. The first six holes were collared on the Indi-Kansas claim boundary and drilled to the east to intersect the Main Breccia. Two holes were collared on the Dan Fraction claim and drilled toward the Kansas claim. DDH 150 was collared 200 metres west of DDH 2005-44 to 45 approximately 100 metres west of the Indi and Kansas boundary.

intawin, i have been sort of eyeing this one as it seems to have reached bottom. obviously i sold at the right time. lucky ship is a very promising property. if you read the report on it, they already know the basic size which is large. the question is is it large enough, that is, can they expand it.

of course ncv also has the other play in stewart, bc.

ps greetings from quebec city.

New Cantech offers Palm Clean 60% of Lucky Ship

2006-11-13 08:32 ET - News Release

Mr. Dalton DuPasquier reports

NEW CANTECH VENTURES INC. GRANTS OPTION TO PURCHASE 60% OF LUCKY SHIP MOLYBDENUM PROPERTY AND A CARRIED 60/40 JOINT VENTURE

New Cantech Ventures Inc. has entered into an option/joint venture agreement with Palm Clean Energy, Inc. of Seoul, Korea, and has granted Palm Clean an option to purchase a 60-per-cent interest in Cantech's Lucky Ship porphyry molybdenum property.

In order to exercise the 60-per-cent option, Palm Clean will be required, amongst other things, to put the Lucky Ship property into continuous production and to fully finance the resulting joint venture, including debt financing Cantech's portion of the 60/40 joint venture. Cantech is required to repay its 40-per-cent of the total cost of the joint venture out of the cash flow from the joint venture. During the term of the option, Cantech is to be the operator.

Palm Clean to purchase $1-million of units

Palm Clean is also required to purchase $1-million of private placement units at the price of 50 cents per unit. Each unit consists of one share and one warrant. Each warrant is exercisable to purchase a further share at the price of 75 cents during the first year and at the price of $1 during the second year.

Non-brokered flow-through private placement

Also, Cantech has agreed to sell, on a non-brokered basis, a further $1-million of flow-through units. The flow-through units have the same terms as the units being sold to Palm Clean except that both the shares and the warrants are flow-through securities.

About Palm Clean

Palm Clean is in the resource development industry and consulting business worldwide. It is currently developing an open pit coal mine and a deep water sea port in Indonesia. Palm Clean also has a palm tree plantation in Indonesia and is constructing a plant to produce biodiesel fuel from palm oil.

Terms of the option to Palm Clean

In order for Palm Clean to exercise its 60-per-cent option, Palm Clean will do all of the following:

1. within one year from the date of the option agreement, incur exploration expenses of at least $3.3-million (Cantech is also to use the proceeds a contemporaneous $1-million private placement by Palm Clean for a total of $4.3-million), as follows:
1. within six months following the date of the option agreement, incur exploration expenses of at least $1.3-million, which is a firm commitment of PC and Cantech is to incur $1-million of exploration expense; and
2. within one year from the date of the option agreement incur further exploration expenses of at least $2-million, which is a firm commitment of PC;
2. to incur such further exploration and development expense within the second and third years of not less than $1-million in each of such years in order to provide information necessary to prepare a bankable feasibility study;
3. pay to the underlying optionors from the exploration expense funds 100 per cent of those amounts required from time to time to keep the underlying option in good standing and prior to the exercise of the option pay 100 per cent of the amounts required to be paid to the underlying optionors in order to exercise the underlying option;
4. within six months from delivering the bankable feasibility study:
1. provide to the joint venture 100 per cent of the amount required to be paid by Palm Clean for the development of the property under the joint venture; and
2. provide Cantech or cause a third party to provide to Cantech at a rate of interest, reasonably acceptable to Cantech, a debt financing for 100 per cent of the amount needed by Cantech to finance all amounts to be paid by Cantech for the exploration and development of the property under the joint venture, including the establishment of a mine (the amounts under (a) and (b) above are together called the senior financing, with the amount under (b) called Cantech's portion of the senior financing); and
5. either:
1. within 18 months of the senior financing, will use it best efforts and then put the property into production and keep the property in production for a period of at least six months at which the rated capacity of the mine has been met for at least 90 per cent of the days of those six months; or
2. if PC has used it best efforts to put the property into continuous production within 18 months of the senior financing and despite those best efforts PC has not be able to do so, then PC continues without interruption to use its best efforts to put the property into continuous production as soon as possible and does put the property into continuous production as soon as possible, but in any case not more than 36 months of the senior financing.

I sold out of this one at 47 cents. That was the 2nd time I bought in and sold out, catching two spikes, the first time from the teens to almost 50 cents for me. But I guess, I sold early on this 2nd spike because it just continued a 3rd time to 78 cents, gaining more than 30 cents in a week.

well, the following explains the sharp share climb.

New Cantech ups moly resource at Lucky Ship by 182%

2006-12-11 16:44 ET - News Release

Mr. Dalton DuPasquier reports

NEW CANTECH VENTURES INC. ANNOUNCES 182% INCREASE IN INDICATED MOLYBDENUM (MO) RESOURCE WITH 0.03% CUTOFF

New Cantech Ventures Inc. has received an updated estimate of mineral resources for the Cantech's Lucky Ship molybdenum property as prepared by Dr. N.C. Carter, PEng, an independent qualified person as defined by National Instrument 43-101. In preparing this estimate, Dr. Carter reviewed technical information acquired and compiled on behalf of Cantech by D.G. MacIntyre, PhD, PEng, a qualified person. A National Instrument 43-101-compliant technical report detailing these mineral resource estimates will be prepared and filed in SEDAR within 45 days of the date of this news release.

The mineral resource estimates are based on the results of more than 9,000 metres of diamond drilling in 47 holes completed by New Cantech since mid-2005, and in part, on results obtained from 11,000 metres of diamond drilling (23 holes) undertaken by Amax Exploration between 1964 and 1968.

The current exploration program, which has been under way since late June, included the completion of an additional 17 definition drill holes to expand upon previously identified Indicated mineral resources (see the previous National Instrument 43-101 technical report prepared by Dr. Carter for Cantech and filed in SEDAR). The updated estimates, which include estimates of resources at a cut-off grade of 0.09 per cent Mo for the first time, more than double the previously reported estimates of indicated mineral resources at cut-off grades of 0.03 per cent and 0.06 per cent Mo.

Preliminary estimates of indicated mineral resources at various cut-off grades are summarized in the following table.

INDICATED MINERAL RESOURCES

Mo Tonnes Mo Contained
cut-off (millions) (%) Mo (mm lbs)
grades
(%)

0.030 54.8 0.070 85.1
0.060 29.1 0.090 58.0
0.090 10.6 0.120 28.0

The foregoing mineral resource estimates have been prepared pursuant to CIM standards on mineral resources and reserves referred to in National Instrument 43-101, standards of disclosure for mineral projects. Resources were calculated for eight individual drill hole cross-sections, spaced 50 metres apart, and employing the following parameters:

* cut-off grades -- 0.03 per cent, 0.06 per cent and 0.09 per cent Mo;
* area of influence for individual drill holes on section -- midway point between drill holes; and
* area of influence for individual cross-sections -- midway point between sections.

The specific gravity of 2.569 used for these estimates is the average value of 79 specific gravity determinations undertaken since June of this year. Note that these are mineral resources and do not have demonstrated economic viability.

Molybdenum mineralization, as molybdenite (MoS2 equals molybdenum disulphide), occurs in quartz veins, veinlets and in fractures hosted by an intrusive-breccia complex and is best developed within an annular zone or shell around the perimeter of a 240-by-170-metre granite porphyry intrusion. Widths of the mineralized zone, as defined by a 0.03-per-cent-Mo cut-off, range from 90 metres to 270 metres with the thickest portions developed along the eastern and western margins of the granite intrusion. The definition drilling has tested the annular mineral zone to depths of between 200 and 400 metres below surface and the zone remains open to depth.

Update of drilling of deep drill hole LS06-68

As stated in previous news releases, deep hole LS06-68 was stopped in mid-September when highly fractured rock was encountered at 267.3 metres depth. Cantech subsequently hired Cyr Drilling of West Saint Paul, Man., to complete this hole. A drill was mobilized onto the property and drilling recommenced on Nov. 29, 2006. Delays in resuming this hole were related to heavy snowfall in the area, which required plowing of over 30 kilometres of logging road to get the drill on site.

Presently drilling is at 520 metres below surface and is expected to continue to a target depth of 1,100 metres after the drillers take a Christmas break. The first of the assays results are expected in early January, 2007, and will be released by Cantech as soon as such results are received.

This hole is being drilled at azimuth 325 degrees and inclination minus 87 degrees and is targeting a zone of molybdenum mineralization that was encountered in hole LS06-61 and two previous Amax drill holes, LS65-12 and LS65-16 between 500 to 760 metres below surfacfe. There is no drill hole information below 760 metres from surface in the area of these intersections and it is currently not known how much deeper the molybdenum mineralization extends to. If hole LS06-68 goes to its target depth it will test the deposit to a depth of approximately 1,100 metres below surface.