From: newsout@canada-stockwatch.com
Date: Thu, 11 Dec 1997 11:20:13 -0800
Subject: Stockwatch: Primero Industries Ltd - News Release
To: ajanko@erinet.com
Survey results from Peace River project
Primero Industries Ltd PMI
Shares issued 9,286,448 Dec 10 close $0.14
Thu 11 Dec 97 News Release
Mr Jonathon George reports
The company has received a geophysical interpretation on an airborne
geophysical survey conducted on its 250,000 acre Peace River project in the
Buffalo Hills area of Alberta.
A total of eighteen anomalies have been chosen for ground follow up.
Of these eighteen anomalies, eight are ranked as excellent, with a quality
I rating, three are ranked as good, with a quality II rating, and the
remaining seven are ranked as high to very high risk, with quality III and
IV ratings.
Ground follow up is presently underway, and it is anticipated that drill
permits will be applied for in mid-December, for a proposed drill program
slated for the latter part of January.
The company has an option to earn a 50% interest in the property from New
Claymore Resources.
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