International Canalaska (V.ICA) Message Board

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Gold/Mining/Energy : International Canalaska (V.ICA)

ICA 0.567

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Jul 11 5:00 PM EST

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To: J.P.Campbell who wrote (628)	11/3/1997 12:23:00 PM
From: alan von weiler	Read Replies (1) of 891

TO ALL: Canada Stockwatch Newsrelease ********************* International Canalaska Resources Ltd - VBE-1 labrador 1997 summer/fall program complete International Canalaska Resources Ltd ICA Shares issued 15918260 1997-10-31 close $0.33 Monday Nov 3 1997 See Columbia Yukon Resources Ltd (CYR) News Release Mr Michael Gustavson reports Columbia Yukon Resources along with International CanAlaska Resources and Falconbridge reports that the 1997 summer/fall drill program comprised of seven holes for a total of 9,701 metres has now been completed on the Voisey's Bay Labrador VBE-1 project. Drill hole V97-7 was terminated at a final depth of 1,418.8 metres on October 28. Below 1,043 metres the hole intersected mostly leuconorite and anorthosite cut by numerous thin quartz monzonite sills. Intervals of diorite were also cored. At a depth of 1,369.2 metres two massive magnetite horizons totalling 12.1 metres in thickness were intersected. These magnetite layers contained minor disseminated pyrrhotite and will be sampled by Ni, Co and platinum group elements. Further results from additional sampling of massive sulphide horizons associated with noritic sub units have been received. A 30cm pod of massive pyrrhotite and 1-2% chalcopyrite at 838.6 metres returned 0.48% Ni, 0.15% Cu and 0.115% Co. These massive sulphide accumulations are both at the base of a noritic interval immediately above anorthosite and show high nickel and cobalt ratios. A down hole EM survey of hole V97-7 will be completed in the next 10 days. This probe will test for the presence of massive sulphides in an envelope of over 200m (660 feet) around the drill hole. Results from the entire program will be reviewed and discussed with the participating partners to decide upon the next course of action. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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