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Gold/Mining/Energy : VOISEY BAY'S FIND - A NEW DISCOVERY

CME 278.88

+0.6%

3:59 PM EST

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To: doug vesper who wrote (204)	9/18/1997 12:09:00 PM
From: Robert J. Mifsud	of 481

Here is Gallery's Latest News Release. Best possible Drill has been mobilized to OKAK BAY property. Great new discovery on Harp Lake property. Management had presence of mind to stake additional 2,000 acres covering this new discovery. Cheers, RJM. GALLERY RESOURCES LIMITED Suite 707 - 626 West Pender Street Vancouver, B.C. V6B 1V9 Telephone: (604) 662-8119 Facsimile: (604) 662-8616 Website: gallery-gold.comÿÿ Email: gold@axionet.com Canada and U.S.A. Toll Free 1-800-565-7350 ___________________________________________________________________ ÿÿÿÿÿÿÿÿÿ Trading Symbol "GYR" -ÿ ASE For Immediate Release: Sept.18,1997 GALLERY RESOURCES ANNOUNCES OKAK BAY DRILLING PROGAM AND SIGNIFICANT MINERAL DISCOVERY AT HARP LAKE Gallery Resources Ltd. announces that the Diamond drilling program on its Okak Bay property in Northern Labrador is scheduled to commence.ÿ The Company is mobilizing a Boyles model 56 drill rig to the site. Two deep holes are planned to carry out initial testing of two conductive zones outlined at depths of approximately 1000 ft. and 2700 ft. and covering an area measuring 1500 ft .X 1500 ft. Information contained in the detailed interpretation report and maps originally expected on Sept.10/97 has now been received from Phoenix Geophysics of Toronto, Ont.ÿ This information will be available within the next few days on Gallery Resources Website. Website address: http:// www.gallery-gold.com and hard copy upon request from Gallery's Office. ÿ The Company also reports that significant copper-nickel-cobalt mineralization has been identified on its Harp Lake 2 property in north central Labrador.ÿ A ground truthing program completed in late August has outlined several highly oxidized gossan zones.ÿ A total of 29 surface grab samples collected from these gossans have all yielded highly anomalous concentrations up to 0.65% copper, 0.59% nickel, and 0.11% cobalt. Based on these results the company has sent its geology-prospecting crew back to the property for a more detailed evaluation and has increased the size of the property by staking an additional 43 claims ( 2,000 acres).ÿ Project Manager, Victor French reports that the field crew is presently working on one of three areas on the 10,000 acre property hosting the mineralized gossans.ÿ Early indications show that the extent of the gossan zones and contained mineralization is greater than initially observed in August.ÿ To date two separate mineralized zones, each measuring approximately 300 ft. X 500 ft. have been outlined.ÿ Fresh samples from outcrop also show that the chalcopyrite-pentlandite rich mineralization locally ranges up to semi-massive concentrations. The mineralized gossan zones correspond with a cluster ofÿ 8 Airborne EM anomalies. The mineralization is hosted in olivine rich rocks ( leucotroctolite and gabbro ) andÿ anorthosite of the Harp Lake Intrusive Complex .ÿ Mr. French notes that this area appears to have no previous record of documented mineral occurrences. It is expected that the current phase of follow-up work will be completed early next week with assay results being released early in October. Mr.Costerd states, that based on the information received to date further work programs will be carried out this season. ÿÿÿÿÿÿÿ Bruce E. Costerd ÿÿÿÿÿÿÿ President & C.E.O. FOR MORE DETAILED INFORMATION, PLEASE SEE OUR WEBSITE: gallery-gold.com OR CONTACT INVESTOR RELATIONS; TOLL FREE CANADA & U.S.A. 1-800-565-7350 The Alberta Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this news release

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