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Gold/Mining/Energy : New Claymore Resources

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To: John Fairchild who wrote (45)	1/21/1997 1:06:00 PM
From: Walter Kalin	of 531

Kennecott drilling begins on JV properties New Claymore Resources Ltd NCS Shares issued 4,015,775 Jan 20 close $1.90 Tue 21 Jan 97 News Release See Montello Resources Ltd (MEO) News Release Mr Patrick Power reports Kennecott Exploration Canada has informed Montello Resources, New Claymore Resources and Troymin Resources that drilling has begun on their jointly-held diamond exploration properties. The drilling is targeting discrete magnetic anomalies in an area where 24 diamonds and diamond indicator minerals have been found in stream sediment samples. Kennecott has spent the last 18 months refining 147 magnetic anomalies which were identified by an extensive airborne magnetic survey. Followup detailed ground magnetic surveys have now been completed and 21 anomalies are interpreted to have a kimberlitic origin. These targets are presently being drilled, having begun on the jointly-held Troymin property. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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