This thread is sure getting quiet, If you don't mind I'll freshen things up abit with some news updates.....
ÿ
NBLÿÿ1998-03-04 ÿÿ(provided courtesy of ISDN Wire Service)
BLUE RIBBON RESOURCES LTD. ANNOUNCES THE ACQUISITION OF AN ADDITIONAL 355,000 ACRES IN ALBERTA
VANCOUVER, B.C.--
Blue Ribbon Resources Ltd. (the "Company") is pleased to announced that it
has entered into three separate property agreements whereby the Company may
acquire a 100% interest in two claim blocks in northern and west central
Alberta, and a 75% interest in another claim block in northern Alberta,
subject to regulatory approval. Pursuant to this transaction, a finder's fee
is payable to the maximum allowable pursuant to the policies of the Vancouver
Stock Exchange.
The northern properties (140,000 acres) are strategically located within the
Buffalo Head Terrane and are about 150 km directly south of the Ashton
diamond discovery. The west-central property (215,000 acres) is located
less than 100 km to the northeast of the diamondiferous Jack Lamproite.
In the first agreement, the Company may earn a 100% interest in the Slave
Lake (Cox) Property which consists of approximately 25,000 acres located in
northern Alberta within the Buffalo Head Terrane, by making a cash payment of
$15,000, issuing 40,000 shares, and incurring $30,000 in exploration
expenditures within one year.
In the second agreement, the Company may earn a 100% interest in the RIO
Property which consists of approximately 215,000 acres located in west-
central Alberta within the Buffalo Head Terrane, by incurring $75,000 in
exploration expenditures in the first year, and $125,000 in the second year.
This Press Release was prepared on behalf of the Board of Directors which
accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
(signed)
Martyn Element, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Martyn Element & Associates
Tel: (604) 687-6820
Toll Free: 1-800-505-5655
Fax: (604) 687-6328
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
ÿ
|
