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Gold/Mining/Energy : Mutapa Gold Corporation VSE:MUA

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To: Famularo who wrote (6)	5/12/1998 8:52:00 AM
From: Intrepid1	Read Replies (1) of 73

NEWS RELEASE: Drilling on Little Deer Project Begins! Mutapa Gold Corp - Little Deer drilling begins Mutapa Gold Corp MUA Shares issued 2817668 1998-05-08 close $1.5 Monday May 11 1998 Mr. David Cook reports The drilling program on the Little Deer project, Springdale Peninsula, Newfoundland, has begun. An eight-channel conductor together with two weaker, parallel conductors were identified by a transient EM (deep EM) geophysical survey carried out for the company in 1997. The stronger conductor has been traced for a length of 1.5km. The weak conductor 75m to the north of the eight-channel conductor is coincident with a former producing mine, the Little Deer massive sulphide deposit. Drilling by Brinex in the 1960s is believed to have intersected the top of the stronger conductor while deep drilling the Little Deer mine. One of these holes intersected 25 ft of 5 per cent copper. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com (I understand the first hole is 400 metres and the drill rate is approx 80 metres per day.)

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