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Gold/Mining/Energy : Cypress Min. (CYP.V) Diamond Fields clone?
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To: Flea who wrote (146)11/17/1997 6:39:00 PM
From: Ed Pakstas  Read Replies (3) of 595
 
!!!!!NEWS RELEASE!!!!!

Subject:
Stockwatch: Cypress Minerals Corp - News Release
Date:
Mon, 17 Nov 1997 15:35:38 -0800
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net

South Voisey's Bay drilling progress

Cypress Minerals Corp CYP
Shares issued 13,970,781 Nov 17 close $0.42
Mon 17 Nov 97 News Release
Mr Donald Huston reports
The following is an update on the drill program at the company's South
Voisey's Bay joint venture in Labrador with Donner Minerals.
Two drills are currently operating in the South Gabbro zone and a third
drill rig is scheduled to arrive in the next few days. Teck Exploration,
the project operator, recently completed down the hole geophysics in holes
1 and 2. Data received from hole No. 1 indicates the presence of a strong
geophysical conductor at a depth of approximately 250m. Hole No. 5 will be
collared 200m from hole No. 1 to evaluate this high priority target.
Hole No. 3 has now reached a depth of approximately 240m and hole No. 4 is
currently drilling at a vertical depth of about 600m. Both of these holes
will be completed in the next week. Drilling is expected to continue into
the month of December.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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