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From: "New Blue Ribbon Resources Ltd." <newblue@home.com>
To: <Undisclosed.Recipients>
Subject: PELICAN MOUNTAINS - DRILLING COMMENCES
Date: Mon, 13 Dec 1999 12:23:51 -0700
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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 - DRILLING COMMENCES
VSE SYMBOL: NBL DECEMBER 13, 1999
The company is pleased to announce that a diamond drill program has
commenced at the companies Pelican Mountains Heavy Mineral occurrence. The
program will consist of two parts: a two hole program prior to Christmas and
an expanded program of delineation drilling scheduled for January, 2000. The
initial program is intended to test the full stratigraphic section, which
encompasses the heavy mineral sands, via a single deep drill hole, and to
test those portions of the occurrence which display weaker magnetic
responses. This will allow the company to predict continuity of the
occurrence along strike and at depth; as well as, to determine heavy mineral
concentrations within the less magnetic portions of the occurrence.
The company is also pleased to report on the following preliminary
kimberlite exploration results from the Pelican Mountains property.
Immediately southwest of Rock Island Lake, near the head of Calling River
drainage, the company completed a ground magnetic survey over a cluster of
four aeromagnetic anomalies. The survey revealed a single, 125 - 150 m
circular anomaly with a magnetic intensity of up to 90 nT. Within the
gridded area, a second sub-circular anomaly, which is up to 175 m in
diameter, displays a magnetic intensity of about 30 nT. A third linear
anomaly, up to 600 m in length, flanks the aforementioned kimberlitic
exploration targets. Diamond indicator samples were collected from a short
distance down ice of the targets.
Approximately 30 diamond indicator samples from the property have been
submitted to the Saskatchewan Research Council for analysis. Preliminary
results are expected in early January 2000. Based upon those results, a
program of ground geophysics and diamond drilling will be designed and
implemented.
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@home.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Chucka-30Samples-"Approximately 30 diamond indicator samples from the property have been
submitted to the Saskatchewan Research Council for analysis" and 2 HOLES prior to the Christmas Vacation Period- SCHOOL IS IN SESSION! |
