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Gold/Mining/Energy : Montello Resources

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To: George S. Montgomery who wrote (2627)10/19/1998 11:59:00 AM
From: Famularo  Read Replies (1) of 4256
 
Nico property optioned

Montello Resources Ltd MEO
Shares issued 37,716,158 Oct 16 close $0.40
Mon 19 Oct 98 News Release
Mr. Doug McFaul of Victory Ventures reports
Victory Ventures has entered into an option agreement on the Nico property
with Montello Resources Ltd. The Nico property adjoins Montello Resources'
Nina claim block northwest of the main Ashton block. Montello Resources can
earn a 40 per cent interest in the Nico property by conducting an airborne
geophysical survey of the property. Montello Resources anticipates
commencement of an airborne geophysical survey of this area within the next
four to six weeks.
The company is also currently discussing possible joint venture
opportunities on its three properties on the northern boarder of Lesser
Slave Lake. Victory currently has a 100 per cent interest in the Syd 1, 2
and 3 claim blocks. An airborne geophysical survey, followed by groundwork
and data interpretation has identified numerous interesting magnetic
anomalies on all three properties.
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