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Gold/Mining/Energy : GMD RESOURCE
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To: Doug Macklem who wrote (395)10/10/1997 9:46:00 AM
From: T.J. McIntosh   of 1030
 
Hi Gang
Here Is The Release on the Ormsby Zone Results
WOW!

GMD Resource Corp -

Main Ormsby vein assay results

Monday Oct 13 1997
Mr Don Farrell reports The company has received reports on assay results
from the face on round No. 26 of the south ramp development. Forty-seven feet
(10 rounds and one slashing round) have been developed along strike of the
Main Ormsby vein and the company is awaiting further assay results. The Ormsby
Zone is part of GMD's 100% owned Discovery gold project in the NWT, 90km
(54 miles) north of the city of Yellowknife.

TABLE 1
ASSAY RESULTS FROM ROUND
NO. 26 PANEL SAMPLING

Sample Au Interval Au
No. (g/T) (ft) (oz/t)
------ ------ -------- ------
163577 423.23 2.500 12.35
163578 0.99 2.500 0.029
163579 3.60 0.583 0.105
163580 3.70 0.583 0.108
163581 0.75 0.666 0.022
163582 7.60 4.000 0.213
163583 7.95 0.666 0.232
163584 430.62 0.500 12.56
163585 406.62 3.833 11.86
163586 558.85 1.000 16.30
163587 8.74 0.750 0.255
163588 9.63 0.750 0.281
163589 7.10 3.500 0.207
21.831

Management is once again most encouraged by these results as they are
confirming results obtained from surface diamond drilling. The intersection
in the decline correlate with surface trenches approximately 100 ft up dip and
with drill intersections to depth on this zone. These assay results confirm the
halos around the network of veins, as well the width of the mineralized veins (or
zones) and that the gold grades and widths appear to increase with depth. The
average grade of this round is 4.638 oz/ton (159.02 grams/tonne).
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