Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: bill718 who wrote (3869)	7/28/1998 2:37:00 PM
From: bill718	Read Replies (1) of 4718

NEWS: Commencement of Phase Two of the 1998 Program at Creek Zone AGC- Americas Gold Corporation (AGA-VSE) and Antares Mining and Exploration Corporation (ANZ -TSE) are pleased to jointly announce that the phase two 1998 drilling and exploration program on their joint venture property in Toodoggone, North Central B.C. commenced on July 21, 1998. The Joint Venture recently completed the phase one of the 1998 program on the Creek Zone. Phase one consisted of a seven hole diamond drill program and 10,000 metre ground electromagnetic surveys. Analysis of the drill results, when correlated with the ground electromagnetics, aeromagnetics, Induced Polarization and geochemical surveys, indicated several areas of coincident and mineralized anomalies. Hole CZ97-08 and holes CZ98-09 to CZ98-15 showed encouraging mineralization throughout the cores. These holes are apparently located on the western rim of a large mineralized halo. The electromagnetics and aeromagnetics confirm the existence of a very pronounced magnetic low to the north of holes 8 to 15. This persistent magnetic low extends 700 metres to the south along the axis of the host structure. The low magnetics strongly suggest an alteration zone, indicated by the depletion of magnetite from epithermal incursion up and along the controlling Creek Zone structure. The I.P. low coincides with the mineralization identified as disseminated pyrite with associated gold values. The Phase Two drilling program will be conducted with AGC Americas Gold Corp as the Operator for the balance of the 1998 exploration season. Joint planning of this program, was conducted by AGC and Antares with the assistance of Excalibur International and Strathcona Minerals. The Joint Venture has defined seven major targets of interest in the Creek Zone. Taiga Resources of Calgary are the project managers of the current program. Taiga have indicated that they will have confirmed the drill targets for Phase Two and commenced drilling by the first week in August. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

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