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Gold/Mining/Energy : Corridor Resources Inc. CDH.ASE
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To: Buckey who wrote (11)9/9/1999 8:31:00 AM
From: Buckey   of 33
 
I have missed some NRs but they are at it again
Corridor Resources Inc -

Corridor spuds Fatima well

Corridor Resources Inc
CDH
Shares issued 22,380,696
1999-08-31 close $0.6
Thursday Sep 9 1999
Mr. Norman Miller reports
Corridor Resources Inc., along with its partner Foothills Minerals Inc. of Tampa,
Fla., has disclosed the spudding of the Fatima No. 1 exploration well on the
Magdalen Islands in the Gulf of St. Lawrence. The Fatima well is situated onshore
to evaluate the geology and natural gas potential of Permian/late Carboniferous
sandstone formations on the north flank of the Cap-au-Meules salt dome. A
successful well at Fatima would stimulate exploration of numerous similar
structures in the offshore area surrounding the Magdalen Islands.
The well will take about 60 days to be drilled and evaluated to a total depth of
approximately 2,300 metres at an estimated cost of $750,000. Foothills will pay
75 per cent of the costs to earn a 25-per-cent working interest in Corridor's
Magdalen Islands licences.
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