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Gold/Mining/Energy : Cartaway resources
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To: king tut who wrote (1500)4/6/1998 7:13:00 PM
From: Ed Pakstas  Read Replies (2) of 2505
 
Geophysics program under way

Cartaway Resources Corporation CWA
Shares issued 37,402,393 Apr 6 close $0.145
Mon 6 Apr 98 News Release
Also International Canalaska Resources Ltd (ICA)
Mr Walter Nash reports
A magnetic and large loop, time domain electromagnetic survey is under way
on the SVB-1 property (block BRE, map staked licence 3307M) 7km south of
the Donner/Northern Abitibi discovery where drilling returned 1.13% Ni,
0.78% Cu and 0.20% Co over a core length of 15.7m. International CanAlaska
Resources has an option to earn a 50% interest in the property by expending
the next $500,000 on exploration and must complete a $100,000 geophysical
program by April 30 1998. Cartaway is supervising the geophysics.
The PEM survey will evaluate two magnetic conductors located by a
helicopter borne magnetic-electromagnetic survey flown over the property by
High-Sense Geophysical Ltd in 1995. Both conductors occur in the northeast
corner of the property.
One of the conductors occurs beneath Pants Lake, is 700m long and is
overlain by weakly conductive lake bottom sediments. It will be surveyed
first to allow sufficient time to test it this winter if the PEM results
warrant drilling.
A second conductor occurs along the north boundary with a Donner/NDT-owned
licence. It has been traced over a strike length of 2km and is consistent
with an olivine-gabbro unit. The contact between the olivine-gabbro and
gneisses is obscured by talus and samples of disseminated and fracture
controlled sulphides from the lower part of the olivine-gabbro returned a
maximum 0.27% Ni, 0.32% Cu and 0.05% Co.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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