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Gold/Mining/Energy : KRL Resources (KRL:VSE)

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To: SCRIBEALIVE who wrote (17)6/2/1997 5:09:00 PM
From: Doug McFaul   of 159
 
KRL Update - JUNE 2, 1997

KRL RESOURCES CORP. (KRL:VSE) - Update

The plan for the Watson-Liard property was to drill three or four
preliminary holes to see if the results were sufficient enough to warrant additional work. After having problems completing the first hole, the Company drilled an additional four holes and the last hole was approximately 800 feet instead of 600 feet like the others. The core is being split right now and assays will be announced as soon as they are available. Upon analysis of the results, a number of decisions will be made by management, including the next coarse
of action. The Watson-Liard Property is located along the same Volcanic Massive Sulphide Belt that, to date, has produced the Kudz Ze Kayah and Wolverine Deposits. KRL management plans to commence work on the Cook Property in the Shining Tree Area near Timmins, Ontario within the next two weeks. A more detailed work program will be determined shortly.

Doug McFaul
Director, KRL
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