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Gold/Mining/Energy : Cross Lake Minerals CRN
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To: dave brown who wrote (3363)11/3/1998 4:50:00 PM
From: dave brown   of 3650
 
Realationship of ICA to Cross.

From the Cross Lake 1997 Annual Report

Dougherty Lake

"The 463 claim unit property located in Timmins and Michie Township is held on a 10-60-30 basis by the company, East West Resources Corporation and Canadian Golden Dragon Resources Ltd., respectively. It has been under option to Royal Oak Mines Inc. who have been exploring the property since November 1995 and who had the right to earn a 50% interest by making payments of $85,000 and incurring exploration expenditures of $424,600, assigned their interest in the option to International CanAlaska Resources Ltd.

In 1997 Royal Oak completed one drill hole totalling 210 metres and also carried out additional linecutting and geophysics. Earlier work included three drill holes totalling 887 metres that were completed in December 1995 and January 1996 and intersected disseminated sulphide zones with scattered anomalous gold values as well as veins of galena (lead), shalerite (zinc) and chalcopyrite (copper), Further I.P. surveys were carried out on the 280 km grid and an additional four holes totalling 1198 metres were drilled in late 1996. Two more intersections of sphalerite and galena veins as well as stratified zinc mineralization were encountered. The geological setting is simular to the Thomson Bousquet, Doyon and La Ronde mines near Val d'Or, Quebec, where both gold and zinc mineralization can be located in sericite schists as well as massive sulphides.

In April 1998, International Can Alasks carried out an airbourne geophysical survey at 100 metre line intervals over the entire property"

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