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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB)

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To: Stew who wrote (1584)11/20/1998 12:26:00 PM
From: Ed Pakstas  Read Replies (1) of 3380
 
This just came out on GBR...

Adlatok River 2 survey results; drilling to begin

GlobeNet Resources Inc GBR
Shares issued 1,924,693 Nov 19 close $0.57
Fri 20 Nov 98 News Release
Mr. John Mooney reports
The latest geophysical survey on the Labrador nickel syndicate Adlatok
River 2 property has identified a 1km by 600m anomaly, named the Golden
Bear by analysts, within which is a much stronger bulls-eye anomaly 400m by
200m in size that is interpreted to have resulted from a significant
electrical conductor at depth.

The gravity survey over the same area has identified a broad high
indicator. The PEM and gravity anomalies are within an east-west trending
sill-like gabbroic body that contains olivine and mineralized stringers.

Drilling is expected to begin in seven to 10 days.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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