Cartaway resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Cartaway resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Supervalue who wrote (1823)	6/4/1998 2:58:00 PM
From: Ed Pakstas	Read Replies (2) of 2505

NEWS RELEASE 6mo results Cartaway Resources Corporation CWA Shares issued 37,581,240 Jun 3 close $0.125 Thu 4 Jun 98 Company Review Mr. John Ivany reviews the company During the first two quarters, the company's technical team has analyzed and gathered data from the 1997 exploration season. An exploration program has been planned for the 1998 field season, subject to financing. Cartaway plans to drill two further holes on the Cirque property, one from the top of the Cirque wall and a second from the floor. A geophysical consultant has recommended three holes but company personnel feel the third hole will test the low grade mineralization intersected in drill hole LBN-11 and will not add to their knowledge of the mineralization. The mineralized lense intersected in drill hole CAN-12-1 on the International CanAlaska Resources and International Freegold Mineral Development option will be tested further north along strike and two further anomalies recommended by the geophysical consultant will be drill tested. Five geophysical anomalies have been recommended for drill testing on the LB-HJK property at Puttuaalu Brook. Cartaway supervised a large loop, time domain electromagnetic and a magnetic survey on the BR-E property under option to International CanAlaska Resources which can earn a 50 per cent interest by expending the next $500,000 on exploration. The survey located a magnetic conductor under Pants Lake and a number of magnetic conductors in an east-west zone associated with an olivine-gabbro sill. The data is being analyzed by a geophysical consultant. The conductive zone is 7 kilometres south of the Donner/Northern Abitibi discovery. Plans are under way to carry out a ground geophysical survey during June to evaluate a number of AEM anomalies in the Wilson Lake area of southern Labrador. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next