Ikar Mineral Corp.
Announces 1998
Work Program
Update
NORTH VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 19, 1998
--Ikar Mineral Corp. (OTC BB:IKAR) announced that its 1998 work program,
referred to in earlier releases, is continuing as scheduled.
Currently all trenching, sampling and adit reinforcements are nearing completion.
On-site facilities, including food and bakery kitchens have been established. A
new roadway, to accommodate heavy equipment, has been constructed from the
base camp to the mouth of the adit.
SMS drilling personnel inspected the site and are currently evaluating on-site
preparations. A prior extended drilling contract has delayed the initial target dates
for drilling on the Ikar project. The required drilling equipment is now undergoing
maintenance and repairs before its arrival at the Ikar site.
The company has been advised by its professional engineers, in Tajikistan, that
this delay will not effect its program schedule as the drill schedule has been
changed to 24 hours, around the clock, with a completion time of 28 days.
The company believes that this scheduled, 15 hole (approx. 2,500 meters), drill
program will further identify and substantiate earlier workings performed by
Soviet and Tajik geologists and engineers through the 1970's and late 1980's.
In conjunction with this drill program, a pre-feasibility study has been initiated
with Arctec Engineering Ltd., of Vancouver, British Columbia, Canada.
Note to Editors: Management believes the information provided to be accurate, to
the best of its knowledge and assumes no responsibility for inaccuracies it is
unaware of.
Contact:
Ikar Mineral Corp., North Vancouver
Investor Relations, 888/322-4527 or 604/986-9961 |
