FALCON ENERGY INC (fcyi)
Current Price: $ 0.77
An independent resource exploration and production company whose
current projects range from the production of natural gas and oil in Alberta
to the exploration for minerals such as copper and gold in Mongolia.
Is fcyi Ready To Go? If You Think So, You know what to do, happy earnings :)
Current news for the company
Falcon Energy, Inc. (fcyi . PK - News) is pleased to announce that it has
fully acquired the exploration licenses for five mining properties in the
mineral rich region of Mongolia. Management felt that the Opportunity
presented by these properties was significant enough to forgo a planned
participation by a second resource company. These licenses will be held
for a minimum of three years and grant Falcon Energy Inc. access to the
mineral rights for the licensed properties.
Mongolia has a wide variety of mineral resources. As of 1998, about 88%
of the country had been geologically mapped but only 20% of the
country's landmass had been licensed for exploration and exploitation.
Falcon Energy's interest in the region is driven in part by the
anticipation of deploying modern prospecting methods to an area that abounds
in both base and precious metals. Exploitable mineral resources found in
the area in which the licenses are held include: Gold, base metals such
as Copper, Molybdenum, Lead and Zinc as well as Fluorite and Uranium.
So GET IN NOW - WILL EXPLODE in next 2 weeks!!
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