Better Resources Ltd - News Release
Stage III completed in Detour Lake area
Better Resources Ltd BRZ
Shares issued 9,523,054 Jan 10 close $0.30
Fri 10 Jan 97 News Release
Also Prism Resources Inc (PRN)
Mr Cliff Rennie and Mr Earl Dodson report
The 12 drill hole stage III program on the Atkinson joint venture in the
Deteor Lake area of Ontario has been concluded and all assays have been
received. A report is being compiled and plans for further work in the new
year are being made.
Holes 96-19, 20, 22, 23, 25 and 26 tested the up-dip extent of the zone,
with 1m samples in the main zone ranging from 0.21 to 0.65 g/t gold. Holes
96-18, 21, 24, 28 and 29 were vertical holes to test the down-dip extent
which appears to be strengthening in alteration and structure to the
northeast. Hole 96-27 was -55 SE hole from the same setup as 96-28. Hole
96-29, the most northerly hole, cut 2m of 0.18 g/t gold from 67 to 69m and
1m of 3.94 g/t from 83 to 84m in a wide main zone.
The combined stage II and III have now traced this strong zone for 100
metres along strike and 200 metres down-dip, but to only 90m below surface.
A continuous zone with good gold values has been established with potential
open in all directions. An induced polarization survey is planned to add
targets along strike and down-dip, to be followed by additional drilling.
An additional 37 claim units were staked immediately south and attached to
the Lipton claims to cover the projection of the Lipton zone to the south
as indicated by airborne geophysics.
Further to news in Stockwatch December 20 1996, all funds have been
received from a $60,000 flow through private placement of 200,000 shares
and warrants at $0.30.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
