CDNX:GGL NEWS:
Gerle Gold's diamond exploration moves to late spring
Tue 7 Mar 2000
The 2000 diamond exploration program has begun on Gerle Gold's Doyle Lake properties, in the Slave Craton of the Northwest Territories. Joint venture partner (and 60-per-cent owner of the project), Monopros Ltd. has informed GGL that it has begun geophysical ground survey work on the LA 1 - 25 mineral claims. This work, comprising of surveys on 11 grids (211 line-kilometres), will be completed within two or three weeks, weather permitting.
Monopros has also stated that on completion of the surveys, targets will be selected for a possible drill program, which would commence in April. A wholly owned subsidiary of DeBeers Consolidated Mines Ltd., Monopros assumed responsibility for operating the program in 1999. During 1999, Monopros undertook a detailed indicator mineral sampling program in areas that had not been previously sampled in order to more accurately define drill targets.
Section 84 Judicial review - LA 26 - 30, Easy 1 - 3 GGL has been informed that an appeal of a Judicial Review, concerning Northwest Territories claims LA 26 - 30 and Easy 1 - 3, may be scheduled for sometime in "late spring," according to the federal court. In early 1999, the federal court ruled in GGL's favor concerning this long-disputed property, which was the subject of a Section 84 ruling in 1997. Following that favourable ruling, Golden Rule Resources Ltd. and Inukshuk Capital Ltd. filed an appeal. |
