Royal International Venture RIL.V (was Labrador Int'l LAB) Message Board

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

LAB 1.310

-3.3%

12:51 PM EST

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To: Ed Pakstas who wrote (2829)	12/10/1998 5:15:00 PM
From: Ed Pakstas	Read Replies (2) of 3380

**NEWS RELEASE** Results of recent Adlatok River drill hole Labrador International Mining Ltd LAB Shares issued 10,973,308 Dec 9 close $0.08 Thu 10 Dec 98 News Release Also GlobeNet Resources Inc (GBR) Also Pallaum Minerals Ltd (PLM) Mr. Eugene Larabie reports Labrador International, operator of the Labrador Nickel Syndicate (LNS) Adlatok River 2 property in South Voisey's Bay, has met with the company's consulting geologist for a review of the recently completed drill hole conducted by the company contractor, Donner Mineral. Preliminary assessment has not yet provided an explanation for the presence of a strong PEM signature at the drill location, as drilling and down hole geophysics were unable to replicate the strong surface geophysical response. As such, Donner Minerals has arranged for the geophysical contractor to repeat PEM loops on the site of the drill target. Additionally, Labrador has arranged for conductivity tests to be conducted on core samples from that portion of the drill hole where disseminated mineralization was observed. These results will be released after interpretation. Drilling revealed the presence of a strong horizontal thrust fault which may have important implications in terms of future drill targets and assessment of gabbro sill locations. Labrador International and the partners of the LNS (Labrador 50 per cent, Pallaum Minerals 25 per cent, and GlobeNet Minerals 25 per cent) will review all available data from the South Voisey's Bay camp over the coming months to prepare exploration plans for the coming season. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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