I guess you were right. Here it is:
Alder Pond drilling results International Larder Minerals Inc LRDR Shares issued 37,556,628 Dec 10 close $0.12 Thu 12 Dec 96 News Release See Prospectors Alliance Corp (PALL) News Release Mr John Harvey reports Prospectors Alliance has received initial assay results from its diamond drilling program on the Alder Pond project in northern Maine, USA. Prospectors Alliance is operator of the program and International Larder Minerals is financing the program as part of its option to earn 50% of Prospectors Alliance's interest in the property. Prospectors Alliance in turn has an option to earn a 50% interest in the property from BHP Minerals International. The current drilling program is designed to firm up previously inferred geological reserves along section lines spaced 100 feet apart and outline new reserves on the property. The first two holes for which assays have been received have delineated the upper portion of the main zone which previously had not been drilled but included as inferred geological reserves. Vertical hole no. AP-96-100 encountered the main zone at 210.8 feet and continued in massive sulphides until 248.4 feet for a drill core length of 37.6 feet averaging 6.5% zinc, 0.3% lead, 1.9% copper, 2.6 oz/t silver and 0.006 oz/t gold followed by a 26.6 foot core length of 0.8% zinc, 0.1% lead, 0.5% copper, 0.6 oz/t silver and 0.001 oz/t gold for a combined core length of 64.2 feet averaging 4.1% zinc, 0.2% lead, 1.3% copper, 1.8 oz/t silver and 0.004 oz/t gold. Vertical hole No. AP-96-101, 100 feet southeast along strike from hole No. AP-96-100, encountered the main zone at 174.6 feet and continued in massive sulphides until 238.1 feet for a drill core length of 63.5 feet averaging 12.7% zinc, 0.1% lead, 2.0% copper, 1.5 oz/t silver and 0.006 oz/t gold followed by a 22.9 foot core length of 1.0% zinc, 0.1% lead, 1.9% copper, 0.7 oz/t silver and 0.001 oz/t gold for a combined core length of 86.4 feet averaging 9.6% zinc, 0.1% lead, 2.0% copper, 1.3 oz/t silver and 0.004 oz/t gold. The program is continuing to further delineate the main zone and seek additional zones on the Alder Pond property to increase the existing geological reserve base. (c) Copyright 1996 Canjex Publishing Ltd. canada-stockwatch.com |