News Release: Better late than never, I guess...
Well, now the world knows that what has been moving EXN should also be moving BLO. (Funny thing BLO is down today).
Here's hoping that BLO starts taking better advantage of what will be going on on their 35%. They should at least demand that EXN mention them on their press releases. Hell, we mentioned their name twice!!!
Have a great weekend all
Graham
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: BLUE RIBBON RESOURCES LTD.
VSE SYMBOL: BLO
APRIL 25, 1997
Blue Ribbon Resources - Drilling Underway at Centauro
Property in Chihuahua, Mexico, Assays Pending
VANCOUVER, BRITISH COLUMBIA--Blue Ribbon Resources is pleased to
announce that a 2,000m reverse circulation drilling program has
begun on the company's Centauro property, a large scale
gold/silver target in Chihuahua State near the town of Escalon in
northern Mexico. Excellon Resources is earning up to a 65 percent
interest in the property, and is the operator of the drill
program.
Targets for drilling have been outlined by geological mapping,
geochemical sampling and ground geophysics. The largest target is
200m by 800m where drilling is underway. This target is within a
1km by 2km silicified hill which may represent a large epithermal
system.
The first hole has been completed to a depth of 258m and the
second hole is in progress. Samples from these holes are
presently being delivered to American Assay Laboratories in
Tucson, Arizona. Initial assay results are expected within three
weeks.
Mr. Jack DiMarchi said, "We are pleased that Excellon is
proceeding with the drilling program and are hopeful that the
forthcoming assays will justify an expansion of the current
program".
ON BEHALF OF THE BOARD OF DIRECTORS
Jack DiMarchi, President
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