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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: Neil Irwin who wrote (1214)5/8/1998 11:13:00 AM
From: Neil Irwin  Read Replies (2) of 2346
 
In news related to Yamana: Abacus announced today the start of their Phase II drilling at their La Manchuria property in Santa Cruz, Argentina. Any developments in nearby projects should help Yamana

Neil.

=-=-=-=-=-=-

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: ABACUS MINERALS CORPORATION

VSE SYMBOL: AMC

MAY 8, 1998

Abacus Minerals: Phase II Drilling to Commence

VANCOUVER, BRITISH COLUMBIA--Abacus Minerals Corporation announces that a Phase II diamond drilling program will commence on May 11 at the La Manchuria property in Santa Cruz, Argentina. The Phase II drilling will begin in the area of LM98-2, the high grade discovery hole which reported grades of 6.53 g/t gold and 22.3 g/t silver over 58.05 metres. LM98-2 is believed to represent the most significant discovery since the discovery of Anglo American's Cerro Vanguardia Mine (80 kilometres east of La Manchuria) in the mid-1980's.

The La Manchuria project is an epithermal gold-silver prospect which offers the potential to host a multi-million ounce gold deposit similar to numerous other districts world-wide.

Assay results for drill holes LM98-3 to LM98-7 will be reported as soon as they are received.

ABACUS MINERALS CORPORATION

Steve L. Todoruk, P.Geo. President
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