Stirrup Creek Gold SGU V Message Board

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Gold/Mining/Energy : Stirrup Creek Gold SGU V

SGU 11.79

-0.3%

Dec 29 4:00 PM EST

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To: Bobby Yellin who wrote (15)	11/14/1996 4:15:00 PM
From: Robert Saito	of 41

Stirrup Creek Gold Ltd. SGU VSE November 14, 1996 Exploration to Commence in Kalimantan STIRRUP CREEK GOLD LTD ("SGU-V;SCKGF-L") INTERNATIONAL SILVER RIDGE RESOURCES INC ("ISG-V;ISRSF-L") - Exploration to Commence in Kalimantan Larry W. Reaugh, President and Chief Executive Officer of Stirrup Creek Gold Ltd. is pleased to announce that the company will start field exploration at the Timur Property which is located 25 kms east of the Kelian Mine. Work is to start November 20. The 12,400 acre concession is a 50/50 joint venture with International Silver Ridge Resources Inc. The field work will be performed by IndoGold Exploration Services of Jakarta. Mr. A.A. Burgoyne, P.Geo., has been retained to coordinate this program and the forthcoming exploration work on the BREY concession which is scheduled to start in January. At this time IndoGold were not able to mobilize two field crews for these projects to proceed concurrently. Work will focus on establishing a grid, soil sampling, rock sampling and mapping to identify mineralization. Recent tectonic study and interpretation of Timur's radarstat imagery shows the concession to be split by a dominant north south fault lineament. A possible broad tectonic zone approximately 2 km wide striking east north east crosses this north south fault through the central part of the concession. It may be underlain by an east west trending complex of intrusive plugs or dykes. The study identified four separate anomalous areas containing ten targets which will be the main areas of interest in this initial program. TEL: (604) 531-9639 Larry W. Reaugh, President and CEO FAX: (604) 531-9634 E-Mail: verdston@axionet.com Web: venturestocks.com ________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call 1-800-667-1617

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