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Gold/Mining/Energy : Glenhaven Resources GHM-CDNX

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To: Buckey who wrote (160)	6/5/1998 5:08:00 PM
From: Flea	Read Replies (3) of 234

Glenhaven Resources Inc - First quarter review Glenhaven Resources Inc GNN Shares issued 20132921 1998-06-04 close $0.2 Friday Jun 5 1998 Mr. Donald McInnes reviews the company During the first quarter of 1998 the company closed a placement of 4.9 million special warrants that netted $980,000. These funds were raised by taking advantage of the flow through tax rules, therefore all funds raised will be used for Canadian exploration on the Taiga project, Yukon Territory. The first phase of the 1998 exploration program on the Taiga will consist of a minimum of 1,000 metres of diamond drilling, grid based soil sampling and geological mapping on the Taiga main property (MM grid area) as well as reconnaissance soil sampling and prospecting of newly staked claims referred to as the KK, LL, NN, Kit and Taiga East properties. The program will commence at the end of May and drilling in the discovery area of 1997 will begin in the first week of June. Diamond drilling will initially be focused in the MM grid area where 1997 discovery drill holes REN97-08 and 97-07 intersected previously unrecognized nickel-zinc mineralization. The company will initially drill four holes to test for lateral continuity of the mineralization intersected in drill holes 97-08 and 97-07 and then drill a fence of holes to test the southern down-dip extension of the mineralization. Further drilling will test a one kilometre long nickel-zinc in soil anomaly and additional barite occurrences which lie immediately west of the MM grid area. The company and Blackstone Resources made an application for a prospecting permit to explore the 328,000 hectare Pahia property surrounding the Longwood and Takitimu mountain ranges on the South Island of New Zealand. Glenhaven and Blackstone will begin an exploration program following the granting of the prospecting permit by the New Zealand government.

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