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Gold/Mining/Energy : Kalahari Resources Makes Major Move Upwords

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To: Robert J. Mifsud who wrote ()2/10/1998 10:23:00 AM
From: Rocky510   of 349
 
***news release 10 Feb 98***1 million acres staked in Mexico

Kalahari Resources Inc KLA
Shares issued 29,473,251 Feb 9 close $0.89
Tue 10 Feb 98 News Release
Mr Albert Applegath reports
The company believes a potential world class VMS base metal, precious metal
deposit has been found in Zacatecas State, Mexico by Teck Corp and Western
Copper Holdings.
With this in mind, Kalahari has been negotiating for possible joint
ventures in the area as well as staking (four joint venture projects
announced).
As of today, Kalahari has staked and recorded 1,000,000 acres in Mexico.
Staking is continuing.
The project is under the direction of Kevin McAndrews, manager of
exploration for Latin America.
It will be Mr McAndrews' job to build a solid group of explorationists to
manage new joint ventures, to refine targets for drilling and to look for
new opportunities for Kalahari in Mexico.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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