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

CME 276.50

+1.9%

Nov 7 9:30 AM EST

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To: SAM-DAN who wrote (335)	10/7/1997 2:00:00 AM
From: Ed Pakstas	of 481

Canadian Corporate News --- Hot Off The Wire News Release for "FLECK RESOURCES LTD" VSE SYMBOL: FLK OCTOBER 6, 1997 Fleck Resources Status of Exploration VANCOUVER, BRITISH COLUMBIA--Status of Exploration Voisey Bay Northwest - Labrador Fleck Resources Ltd. is pleased to report that seven drill holes have been completed on the Voisey Bay Northwest project. Diamond drill holes 97-1 to 97-3 give sub-economic values of nickel and copper. Samples from the remaining four holes, 97-4 to 97-7, are en route for analysis. The drill camp has been demobilized for 1997. The Vancouver Stock Exchange has approved the Pacific Golden Spike/Fleck/Anvil August 1, 1997 Option Agreement. South Voisey's Bay - Labrador License numbers 5183 and 5184, consisting of 142 claims (35.5 square kilometers) and 144 claims (36 square kilometers) have been staked by Fleck Resources (50 percent) and Anvil Resources (50 percent). The locations are 22km north and 22km south, respectively, of present drilling by Donner Resources and Teck Corporation. Voisey Bay West - Labrador Preliminary interpretation of magnetic and electromagnetic anomalies on the east edge of the claim block show a shallow dipping tubular structure with its near surface 520 meters below the surface. On the south grid, a coincident magnetic and electromagnetic anomaly occurs 250 meters below the surface. A drilling program is planned to test these newly discovered targets. JOHN P. McGORAN, PRESIDENT This news release was prepared by John McGoran on behalf of Fleck Resources Ltd., which is solely responsible for its contents. The Vancouver Stock exchange has neither approved nor disapproved the information herein. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Fleck Resources Ltd. John P. McGoran President (604) 687-6875 or 1-800-221-9492 Toll Free (604) 687-6533 (FAX) E-mail: info@fleckltd.com Website: fleckltd.com INDUSTRY: NFR SUBJECT: MEX -0-

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