Sheffield Resources Inc. (V.SFL) formerly Solidor Resource Message Board

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Gold/Mining/Energy : Sheffield Resources Inc. (V.SFL) formerly Solidor Resource

SFL 8.340

+1.2%

Jan 8 3:59 PM EST

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To: RJ Snider who wrote (8)	11/26/1996 11:27:00 PM
From: Lloyd	of 43

Regarding Solidor's property in Labrador: The company this past summer undertook two ground exploration programs. The first visit resulted in surface samples that ran up up to 2700ppm (.27%) nickel and 2200ppm (.225) copper. Based on these results a crew of geologists were sent back to examine the target unit in more detail. The program outlined an area approximately 100m x 500m which ran significantly high in nickel (up to 15 meters of .313 nickel). This area is on the border of Tapestry's property and in the same rock unit in which they just released some excellent drill results. The company also undertook an airborne geophysical survey that outlined magnetic and electromgnetic anomolies in the area where samples ran high in nickel. So basically the preliminary work has been done and the company has some targets throughout this nickel prospect which will see more work (trenching & drilling). Over the winter months however the company is focussed on their gold property in Snow Lake, Manitoba and will be focussed on any Mexican additions Mr Mario Ayub will bring to the company. Mr Ayub is well connected and Solidor is very confident that he will find a prospect that will put added value to the company in the very near future. 2 Regarding Snow Lake: There is definately going to be more work done on this area. The last time this property saw any work was in 1990 before TVX opened up the New Britannia Mine to produce gold in 1995. For obvious reasons the value and potential of this property has increased immensely since TVX now has an producing gold mine within a couple miles of the Solidor's Squall lake property. In one zone the latest reserves are estimated at 437,000 tonnes grading 5.4g/T gold (This is 10% of the estimated resource at the TVX mine). This zone is also open at depth and along strike (In 1981, Canflo mines drilled this zone and estimated a resource of 2.147 million tonnes grading approx. 6g/T still open at depth) The descepencies in the resource figures are probably due to the "nugget effect" where visible gold has been found on surface and drill core. And to add to all this the property has 8 other gold zones that are relatively unexplored. So to answer your question, Yes the company will be doing more drilling & Bulk sampling there whether on their own or with a joint venture partner. This property already has a resource and has numerous areas with excellent potential. (The property covers 2363 acres!!!) The TVX mine is about 2 miles to the south of the property border and has been producing gold for about 1yr. The Nor-Acme mine, as it was called produced 620,000 ounces of gold between 1949 and 1958 at the site of the current TVX mine. I hope your questions are answered. I imagine the market will wake up to this relatively soon. Mark Crowther

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