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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT
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To: Rocket Red who wrote (394)9/11/1998 9:23:00 AM
From: Famularo  Read Replies (1) of 930
 
Buffalo Head Land position increased

Pure Gold Minerals Inc PUG
Shares issued 26,379,471 Sep 10 close $0.28
Fri 11 Sept 98 News Release
Also Blackrun Ventures Inc (BKV)
Also Ashton Mining of Canada Inc (ACA)
Mr. Donald Sheldon reports
The company has acquired all of the property interests that are held by
Blackrun Ventures Inc. in northern Alberta. The interests in these
properties vary from 25 per cent to 50 per cent in a total of approximately
3.4 million acres, and are primarily situated in the Buffalo Hills area in
northern Alberta. To acquire these interests, Pure Gold will make cash
payments and will assign all its interests in the South African alluvial
diamond joint venture with Thabex Exploration Ltd. announced in Stockwatch
May 28, 1998 to Blackrun Ventures Inc.
Pure Gold's management considers the potential of defining a commercial
diamond deposit within the Buffalo Head Craton to be above average.
Withdrawing from the South African alluvial diamond projects will enable
Pure Gold to focus entirely on its exploration efforts in Alberta. The new
interests acquired from Blackrun Venture Inc. in Alberta will be offered to
Pure Gold's joint venture partners, Ashton Mining of Canada and Alberta
Energy Corp., on a pro-rata basis.
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