Hello Peter
Found this on Sedar dated April 19th:
***
MILL CITY INTERNATIONAL INC.
____________________________________________________________________________________
Web Site: www.millcitygold.com 10655 Southport Road S.W., Ste. 700
E-Mail: millcity@cadvision.com Calgary, Alberta T2W 4Y1
PRESS RELEASE
2000 DRILL PROGRAM COMMENCES ON
KIMBERLITE TARGETS AT YAMBA LAKE, NORTHWEST TERRITORIES
CALGARY, ALBERTA - April 19, 2000 - MILL CITY INTERNATIONAL INC. (MIY-CDNX) (MIYN-OTC)
("Mill City") together with joint venture partners TANQUERAY RESOURCES LTD. (TQY-CDNX) and TECHSITE STRATEGIES CORP. (TSS-CDNX) formerly CYPANGO VENTURES LTD. are pleased to announce that SOUTHERNERA RESOURCES LTD.(SUF-TSE), has commenced drilling on the 152,506 acre claim block in the Yamba Lake Area of the Northwest Territories. SouthernEra has the right to earn a 51% interest in the property by expending $10 million on or before December 31, 2002. Once SouthernEra has vested at 51%, the remaining interests in the property would be Mill City -19%, Tanqueray - 19% and Techsite - 11%.
Since commencing the program in March of this year, SouthernEra has completed ground geophysics on 32 targets.
Ground geophysics on additional targets is underway with completion expected at the end of April.
Drilling commenced on April 16, 2000 on the first of the 8 to 10 targets to be drill tested this spring. From the first 32 ground geophysical surveys, a total of 12 prospective targets have been identified.
The Companies are encouraged by the ground geophysical results and will continue the drill program into the summer in order to evaluate land-based and near shore kimberlitic targets. All kimberlites will be tested for diamond content and additional results will be reported when available.
FOR FURTHER INFORMATION PLEASE CONTACT:
MILL CITY INTERNATIONAL INC. Larry D. Revitt, President
Tel: (403) 640-0110,
Fax: (403) 640-4024
Signed "Larry D. Revitt"
____________________________________
Larry D. Revitt, President
***
It may be totally unrelated and probably is, but there were more deeper orders on the bid today with wider spreads on the ask.
Regards |
