Hi Bob,
***NEWS RELEASE***
Tako Resources Ltd -
Agreement finalized with Evergrow Resources
Tako Resources Ltd
TOR
Shares issued 7571553
1997-08-01 close $0.13
Tuesday Aug 5 1997
Mr Peter Lo reports
The company has finalized the agreement with Evergrow
Resources of Vancouver, BC, whereby the company has
been granted an option to acquire 40% interest in 86
mineral claims, comprising the Nome 1 to 5 claim group,
which is within the Erickson-Cusac gold vein system,
southeast of Cassiar, BC. In order to earn the 40% interest
in and to the property, the company is to make expenditures
on the property totalling $300,000 and pay $300,000 and
500,000 shares on or before August 1 2001.
The Nome claim group is within the Erickson-Cusac gold
vein system, southeast of Cassiar, BC. The Table Mountain
gold mine, which is approximately 2.5km northwest of
Nome claim No. 2, has produced over 300,000 ounces of
gold to date.
A grid system that covers only 10% of the total area of the
Nome No. 1 claim was completed in June 1997 by
International Norsemont Ventures, and has located two
additional gold quartz veins even though snow covered
more than 90% of the ground surface. Each vein was
recorded and one grab sample taken. Anomalous Au values
of 857 and 420 ppb are the results from this first-look type
of sampling.
Earlier work done to the west of these veins ran soil
samples as high as 8950 and 5295 ppb Au.
A work program planned for September 1997 will have
two objectives. The first objective will be to find additional
gold bearing quartz veins. The second objective is to trench
and bulk sample the high grade gold veins previously
discovered. These high grade gold quartz vein systems
could require diamond drilling to outline the dimensions
and grade for possible underground mining.
(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com
HARLEY. |
