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Gold/Mining/Energy : International Larder-Symbol LRDR on the CDN

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To: pete meyer who wrote (81)12/12/1996 4:23:00 PM
From: Essam Hamza   of 278
 
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
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