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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: griz who wrote (332)11/3/1999 4:54:00 PM
From: Chuca Marsh  Read Replies (1) of 407
 
Roar, NEWS I SEE: Heavey Metals Sediments ( was said to be an old Cove/Bay I think) A beach, I think- nice day at the Beech- we had wind and we had sail- be calmed we are not...area play starting OI do hope- The Pelican Play ! Open WIDE! I will study Pelican in Alta, anyone hear of the Boys From the Hall Block that has it in another Calgary Companys' news release/as a BIGGIE at half a Million Acres and may be or not near there...as is this Muskeg Mtn and Thickwood Hills? If it quacks like a Pelican and walks like a Pelican- it's a duck! Or...it's a PELICAN...see link I found on it when I re find the symbol at ase.ca ( I lost it...I found it then I lost it!) Chuckapelicanflysideways
New Blue Ribbon Resources Ltd.
Suite 2420 - 1177 West Hastings Street
Vancouver, B.C. Canada V6E 2K3
Toll Free: 1-800-505-5655
E-Mail Address: element@direct.ca

NEWS RELEASE

PELICAN MOUNTAINS EXPLORATION UPDATE
VSE SYMBOL: NBL November 03, 1999

"The company is pleased to announce that follow-up ground work has commenced
at the Pelican Mountains Property. Groundwork will include a detailed
follow-up at the Pelican Mountains Heavy Mineral Deposit, reconnaissance
scale diamond indicator sampling, and a detailed examination of several
discrete airborne magnetic anomalies.

A recent examination of the High-Resolution Aeromagnetic Survey indicates
that the companies Pelican Mountains Heavy Mineral deposit may extend a
considerable distance to the southeast. However, fieldwork will concentrate
on its northwestern most expression where overburden is considered to be
minimal. Here, a detailed ground-based magnetic survey will be employed to
more accurately outline the extent of the deposit (about 1,800 meters by 400
meters) in preparation for a winter drill program. Also, additional material
from the deposit will be collected from one of the hand trenches for
additional geochemical and mineralogical test work.

In addition, the company will conduct detailed ground-geophysical surveys
over a number of discrete aeromagnetic targets, which may be representative
of kimberlitic intrusives. These include: several circular to sub-circular
primary magnetic targets within the northernmost part of the property; a
cluster of four targets located immediately to the southwest of Rock Island
Lake (near the head of the Calling River drainage); a large subcircular
magnetic low east of Rock Island Lake; and several circular to subcircular
primary magnetic targets, which range from 200 to 500m diameter, within the
western part of the property.

Reconnaissance scale diamond indicator sampling will also be employed to
determine the validity of several discrete targets, which underlay the
northern part of Orloff Lake. Contingent upon favorable results these and
other lake-based targets will be followed-up with ground based geophysical
surveys over the winter months.

The company also announces that it will no longer spend any funds in
Suriname and has written-off its investment. The company will focus on
development of its Heavy Mineral deposit and properties in Alberta, Canada.

This Press Release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

LARRY KRYSKA, President & Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Larry D. Kryska
Telephone: (780) 433-3566, Fax: (780) 439-6316, E-Mail
newblueribbon.com
newblueribbon@home.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

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