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Gold/Mining/Energy : MILL CITY MIY-V
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To: Peter Bourgeois who wrote (115)3/25/1997 2:26:00 PM
From: G Young   of 707
 
Here's the Yamba news. I find Canada Stockwatch get their releases out faster than Canada Corporate News (which isn't really a news wire but rather a paid PR company).

Yamba Lake results, drilling continues

Mill City Gold Mining Corp MIY
Shares issued 43,368,652 Mar 24 close $0.35
Tue 25 Mar 97 News Release
See Tanqueray Resources Ltd (TQY) News Release Mr William Friesen of Cypango Ventures reports Initial caustic results have been received from processing of the first sample of core taken from the T-10 kimberlite pipe which was intersected March 15 1997 on the Yamba Lake property as previously announced in Stockwatch, March 18 1997. These results confirm the presence of diamonds in the pipe. Further drilling to sample and delineate the T-10 kimberlite pipe is continuing and results will be released as available. The Yamba Lake property adjoins the BHP/Dia Met property to the north and has been proven to contain six diamondiferous kimberlite pipes to date. The T-10 pipe was the first target drilled in a series of nine well defined targets trending north-south along the central portion of the property. These targets were defined as a result of an integrated exploration program involving extensive heavy mineral till sampling and target level airborne geophysical surveys. Drilling of the remaining eight targets is continuing. Cypango, through a JV agreement, has the right to acquire a 51% interest in the Yamba Lake property from Mill City Gold Mining Corp and Tanqueray Resources.

End

Good luck all
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