Hi Chaz,
Here is a recent news update indicating that this stock is not losing sight of its other projects even though a resolution to the Zaire situation would give the significant rise we are all looking for.
MARCH 20, 1997
International Panorama Resource: Exploration Program
Voisey's Bay
VANCOUVER, BRITISH COLUMBIA--The Company has signed an
agreement with Sonic Soil Sampling Inc. of Concord, Ontario,
to carry out a $50,000 airborne magnetic, electromagnetic and
resistivity survey program with subsequent field work of 244
claims located in the Harp Lake area in Labrador,
Newfoundland, approximately 100 km southwest of the Diamond
Fields/INCO nickel deposit. This initial survey program is
aimed at detecting nickel, copper and cobalt anomalies on the
Company's 100 percent owned claims. The program will be
completed by the end of May 1997. The Company acquired the
claims in May 1995.
The Company continues to own a 25 percent interest in 320
claims in the Okak/Napaktok Bay area, joint ventured with HL
Corporation of Richmond Hill, Ontario (formerly Indocan
Resources). HL Corp has completed an initial survey program
on three areas in 1996 and has earned a 75 percent interest in
the claims by expending $164,000 on the property and by paying
the Company $37,500 in cash.
As reported in a news release of August 28, 1996, a
combined EM and magnetic airborne survey over the three areas
has identified fifteen (15) AEM anomaly systems. Of those, 9
are considered worthy of ground follow up. All 9 areas will
be surveyed with magnetics as recommended by Indocan's
geophysical consultant. Time Domain EM Surveys are suggested
for 3 high priority targets: one on each claim block.
Horizontal Loop EM Surveys (MaxMin) will be carried out on
the remaining six. As reported, HL Corporation's consultants
have been encouraged by the above exploration results and will
examine the necessity of implementing a diamond drill program
on the three high priority AEM Anomalies. The Company will
continue to report results as they become available.
International Panorama Resource Corp.
Adrian Hartmann, Chairman |
