ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 42.13

+1.8%

3:59 PM EST

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To: Gramps who wrote (171)	6/26/1997 11:45:00 PM
From: M5PRO	of 444

Gramps, The news release can be seen at Canada Stockwatch. I'll post it for you. Nice little note about Arkona at the end of the news release! They are in a very good position!?!?! C-YA Matt Omni Resources Inc - News Release Second phase drilling to begin at Goddell Omni Resources Inc ORI Shares issued 17791259 1997-06-19 close $0.65 Friday Jun 20 1997 News Release See Arkona Resources Inc (AKA) News Release Mr Mark Aplas reports Following success on the first phase of underground work, Omni Resources, as operator, is accelerating its $4 million work commitment on the Goddell shear. Underground crews are currently extending the 2,000 ft decline by 600 ft to the east and establishing drill stations at 165 ft intervals. The second phase of drilling is expected to begin at the end of June. The initial holes will further test the section where hole 97-41 intercepted 174 ft of 0.20 oz/t gold, including 106 ft of 0.299 or 48 ft of 0.594 oz/t gold. The first phase of underground drilling established a strike length of 800 ft. This second phase of drilling hopes to extend the mineralization within the shear an additional 600 ft to the east. The shear is open to the east and west as well as to depth. The 1997 program will also include surface drilling on at least two targets south of the Goddell Shear. Arkona has received the third payment on the Goddell property with the fourth and final payment of $120,000 expected by the end of this year. Arkona is now well financed with a working capital of over $1.1 million or $0.16 per share. Arkona has minimal overhead and no present demands on the treasury. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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