Copy of last week's News Release:
SECOND DRILL IS ADDED BY FALCONBRIDGE
NAR Resources Ltd. (NAR) is pleased to announce a second diamond drill
has been mobilized to the Maramba Project located in the Shamva
greenstone belt, Zimbabwe. Drill #2 is currently casing to bedrock on
line 12200E, more than two kilometres east of the original staked
claims where all previous drilling has been done. Rig #1 continues to
follow-up off hole geophysical anomalies detected by down hole
geophysics from the previous 23 drill holes (June 17 Press Release).
All samples of split core are being shipped to Canada for assay.
Results are pending for the first two holes completed by Rig #1 to
date into the sulphide bearing "active horizon" which consists of
hydrothermally altered volcanic rocks traceable by drilling over 4.5
km. The deepest hole drilled in the just initiated program (and the
deepest hole ever drilled on the property) MAR 98-25, has intersected
172 m of "active horizon" between 112-284 metres. Exhalative-type
massive sulphide horizons have been cored within this "active horizon"
which contain base metal sulphides. The "active horizon" has now been
proven to continue at depth. In addition, sulphides are now confirmed
to have depth and lateral extent. A borehole geophysical survey of
this hole will be made this weekend, which will guide the location of
the next hole to the most conductive section of the "active horizon"
around hole MAR 98-25.
Hole MAR 98-24, located 200 metres east of MAR 98-25 will also be
borehole surveyed. This hole intersected at least 60 metres of "active
horizon" .
Section Hole # Status Active Zone Vertical Depth Assay
(metres) (metres) (metres) Results
-------- ------ ------ ----------- -------------- -------
10,200E 98-23 C N/A Pending
8,300 98-24 C 60+ 70 Pending
8,100E 98-25 C 172 220 Pending
10,000E 98-26 D N/A
12,200E 98-27 D
KEY:
---
N/A - not anticipated, holes 23 and 26 are testing a conductor south
of the "active horizon".
C - completed
D - drilling August 19, 1998.
Soil sampling of the Zveya Creek section of the Maramba Project is now
complete. Over 6000 samples were taken. Analyses have been received
for over 5000 of these samples. Zinc and lead soil geochemical
anomalies are associated with the "active horizon" for 7.9 kilometres
(4800E to 12700E). Local copper soil geochemical anomalies occur at
intervals along the trend of the zinc/lead anomalies. Hole MAR 98-27
is currently testing a zone which is defined not only by an
electromagnetic geophysical anomaly but a coincident copper/zinc/lead
soil anomaly.
Falconbridge Exploration Zimbabwe (FEZ) is the project operator. NAR
has sufficient cash reserves to fund its earn-in to the Maramba
Project, and complete the first years regional work program which
covers 11 other sites identified by FEZ as having Kidd Creek-type rock
geochemical signatures.
Dated: August 20th, 1998
On Behalf of the Board of Directors
(Signed)
Leonard J. Taylor, President
Stock Symbol: NRL-ME
Shares outstanding: 6,515,697
For further information, please contact Leonard J. Taylor, President
Tel: (416) 368-9411 Fax: (416) 861-0749
E-mail:ir@nar-resources.com
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