NEWS RELEASE
NAR RESOURCES CONTINUES DRILLING PROGRAM IN ZIMBABWE
At the request of the Montreal Stock Exchange, Mr. Leonard Taylor,
President of NAR Resources reports that he is unaware of any material
change in the affairs of the Company that would account for the recent
price decrease and activity in the market over the last few days, and
more particularly yesterday. The drilling program announced on July
23, 1998 for the Maramba project located in the Shamva greenstone
belt, Zimbabwe, to which a second drill has been added, continues to
test the active horizon down dip and laterally along strike, as well
as the area on line 12200E, more than two kilometres east of the
original staked claims. Initial results of the current drilling
program are not anticipated within the month. For further details of
the drilling program, refer to the August 20th and July 28th News
Releases.
The Company has approximately Cdn. $1,600,000 on hand to meet its
contracted exploration commitments.
Dated: August 25th, 1998
On Behalf of the Board of Directors
(Signed)
Leonard J. Taylor, President
Stock Symbol: NRL-ME
Shares outstanding: 6,323,197
For further information, please contact Leonard J. Taylor, President
Tel: (416) 368-9411 Fax: (416) 861-0749
E-mail:ir@nar-resources.com
nar-resources.com |
