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Gold/Mining/Energy : Latitude Minerals LTU.V

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To: Mr Metals who wrote (173)11/20/1998 12:13:00 AM
From: Paul S.  Read Replies (1) of 366
 
Taken from Donner's press release today.

>>Work in the suture area, including limited drilling, has encouraged the Company to plan a systematic exploration program for this region in 1999, in addition to continued exploration in the North Gabbro and South Gabbro and extensions beneath the overlying gneisses.

It is expected that drilling will continue with one drill rig on the South Voisey Bay Project until mid-December, with additional holes to be drilled on the Donner/Northern Abitibi, Donner/Major General and Donner/Cypress joint ventures. Donner will also be drilling, as contractor, on ground held by the Labrador Nickel Syndicate.<<

DML is concentrating the drilling efforts around LTU's property with NAI to the North and LAB to the east and if my info is correct the North Gabbro extends into LTU's property. What I understand the general feeling to be is that they could have a substantial find that might encompass three or four properties at depth and it's quite possible that this thing is down very deep. Only more drilling will be able to tell the hole story but so far its got my attention.
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