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Gold/Mining/Energy : primero resources v.pmi

PMI 1.765

+6.1%

Jan 13 3:59 PM EST

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To: jerry janko who wrote ()	1/21/1998 6:21:00 PM
From: jerry janko	Read Replies (1) of 71

From: newsout@canada-stockwatch.com Date: Wed, 21 Jan 1998 15:09:32 -0800 Subject: Stockwatch: Primero Industries Ltd - News Release To: ajanko@erinet.com Surveys completed on Peace River project Primero Industries Ltd PMI Shares issued 9,286,448 Jan 20 close $0.27 Wed 21 Jan 98 News Release Also New Claymore Resources Ltd (NCS) Mr Jonathon George reports Ground geophysical surveys have been completed on 80% of Primero's priority targets on its Peace River project, approximately 30km southwest of Ashton's diamond discovery block, Buffalo Hills, Alberta. The dimensions of geophysical expressions, which are typically ovoid, vary from 200 to 320m in length and 100 to 200m in width, with estimated depths below surface of less than 75m. A total of 19 targets have been selected for drill testing, and initially two holes per target will be drilled. Permits are anticipated to be in place by month's end, with drilling to commence shortly thereafter. Primero may earn a 50% interest in the Peace River project from New Claymore Resources. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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