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Gold/Mining/Energy : Tandem Resources (TDM M )

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To: dave who wrote (12)	5/15/1997 12:12:00 PM
From: Kenith Lee	of 15

Tandem Resources Ltd TDM Shares issued 21566331 1997-05-14 close $0.75 Thursday May 15 1997 News Release Mr Michel Lafrance reports Three microdiamonds have been identified in kimberlite core sent for analysis to the Lakefield Research lab north of Peterborough, Ontario. Further analysis relating only to diamond indicator minerals and other constituents is continuing and will be reported on shortly. Based on ground and aerial geophysical surveys the company believes that there are a number of other targets in the immediate area that may represent other pipes. The company is planning further drilling on the known kimberlite pipe, plus the other targets as soon as possible. The spring break-up period is now on, so it is not possible to resume operations immediately. It will be at least one month before drilling can resume. Under the terms of a deal with Homestake, Tandem has the right to earn an 80% interest in the subject property in Guibord Township approximately 10 miles east of Matheson. Tandem has spent around $400,000 of the $1 million required to earn the interest. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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