Hi G. -W/ regard to PUG, RMLL has 50% of about 2.5mil acres of some of PUG's AB property ("three of the areas are in southern Alberta, between Calgary and Red Deer and near the Saskatchewan border... the fourth area is in extreme northeastern Alberta and is underlain by the Rae Archean"), and 25% of another PUG ~10mil acres ("Lethbridge area claims," of which CG has optioned 25% of about 1.4mil Ha or 3.46mil acres of those from PUG/RMLL).
See this map for clarification of PUG Alberta holdings: pugres.com
Of the 110+ mil sh. out of RMLL, apparently Don Sheldon and Jack Purdy own about 52million (not clarified).
PUG News releases:
pugres.com
News due-- well, anytime now, w/ ACA. Prob'ly next week!
Outside of Ashton, from PUG's 1/5/98 (also RMLL; CG) NR:
...a high resolution magnetic survey has just been completed over a large block of mineral permits straddling the Sweetgrass Arch which trends through the Lethbridge Property in the southeast part of Alberta. The purpose of the survey, which totalled approximately 39,000 line kilometres, was to define a number of high priority magnetic targets which may reflect diamond bearing kimberlitic intrusions.
_The analysis of the HRAM data is expected to be completed by mid-January, 1998. Detailed ground follow-up is scheduled to begin immediately following the HRAM data analysis.
Cheers,
-j
:>
PUG Website: pugres.com |
