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Gold/Mining/Energy : Cartaway resources

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To: Supervalue who wrote (1324)12/17/1997 12:34:00 AM
From: Zardoz  Read Replies (1) of 2505
 
OR you might get to consider this now:

October 17, 1997 ASE Trading Symbol: CWA

CARTAWAY RESOURCES CORPORATION is pleased to announce exploration results on one
of its option properties (Map Staked License 5446M) located in the Puttuaalu Brook
area of Labrador some 100 kilometers north of the Voisey's Bay deposit and
12 kilometers north of the Cirque property. Cartaway has an option to earn a 60%
interest from International CanAlaska Resources Ltd. and International Freegold Mineral
Development Inc. by expending $3,000,000 on or before September 1st, 1999.
Map Staked License 5446M is located along the southwest boundary of the wholly
owned LB HJK property (Map Staked License 5427M).

June 30 1997

Current:

Cash and Term Deposits 63,360 13,580
Accounts Receivable
& other 13,506 176,418
Refundable Deposits 110,000 -
186,866 989,998

Fixed Assets 221,566 346,554

Mineral Property & Deferred
Exploration Costs 9,905,113 13,456,984
10,313,545 14,793,536
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