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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (439)	10/10/1996 2:12:00 PM
From: stak	of 24933

part2 INCO also confirmed "we've got a bunch of guys up there" at least 5,000 claims have been filed around the 800sq. km area and there is thepotential of at least another 4,500 claims inside the blocked out zone,the gov said. By midday a consortium of que jr.s made up of Vior Inc.,Azimut Expl. Inc., and Virginia gold Mines announced they had signed an option agreement with Kennecott Canada Inc., a subsid. of the Anglo-Australian mining giant RTZ-CRA PLC, for future claims. the 3 have long been active in the area ,along with St. genevieve Res. Ltd. "none of us can afford not to get involved in this"Falconbridges Dufresne said."we don't know the significance of the find yet,but our own samples(in the gov discovery area) show better than 2% nickel."

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