BRADDICK RESOURCES LTD.
168 Queen Street South, Mississauga, Ontario, L5M 1K8
PRESS RELEASE March 12, 1999
BRADDICK ACQUIRES ADDITIONAL CLAIMS IN LAC ROCHER AREA
Braddick Resources Ltd. (BRO - VSE) wishes to announce the acquisition of an option to earn a 100% interest in 35 mining claims in the Lac Rocher area, Quebec where Nuinsco has announced a new base metal discovery. In hole 99-1 Nuinsco assays returned values of 1.69% nickel, 0.49% copper, 0.04% cobalt over 201.7 feet.
The claims are located approximately 40 km west of Lac Rocher and were selected on the basis of favourable geology and airborne geophysics. The claims cover the margin of a major intrusive body favourable for hosting nickel deposits.
Braddick has an option to earn a 100% interest in the claims by paying $8,000 and delivering 50,000 shares immediately upon receipt of regulatory approval and a further $8,000 and 50,000 shares (or $8,000) after one year. The vendor will hold a 2% NSR on the property which may be reduced to 1% with a payment from Braddick of $1 million.
The transaction is subject to required regulatory approvals. A finders fee is payable to one individual.
On behalf of the Board,
signed "Derek Bartlett"
Derek Bartlett - President
For corporate information Phone (905) 542-8196
Fax (905) 542-0557
E-mail info@braddickresources.com
Website www.braddickresources.com
US SEC Exemption 12g3-2(b) - # 82-4414
The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein. |
