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JANUARY 22, 1997
International Larder Minerals Inc. - Exploration Update
TORONTO, ONTARIO--
ALDER POND PROJECT - Maine, USA
International Larder Minerals Inc. ("Larder") is pleased to
announce the following drill hole results from its optioned,
jointly held Alder Pond base metal prospect in Somerset County,
northern Maine, U.S.A. The Company, in joint venture with
Prospector's Alliance Corp. ("PALL") has an option to earn a 50
percent interest in the 1,796 acre property with Larder providing
the initial funding.
Assays from split drill core have been received from nine recently
completed vertical holes (nos. 102 to 110 inclusive) designed to
outline additional drill indicated geological reserves in the Main
Zone extending out from previously drill indicated reserves of
243,000 tons averaging 18.5 percent zinc, 1.0 percent lead and 3.5
percent copper.
The following is a tabulation of significant results received from
five holes surrounding the above drill indicated reserves where
drill inferred reserves were previously indicated totalling
230,000 tons averaging similar grades.
/T/
Hole Interval Width Percent Percent Percent Silver
No. (ft) (ft) Zinc Lead Copper oz/t
102 104.2-231.4 127.2 2.73 0.26 0.79 0.90
104 224.0-234.0 10.0 3.31 0.45 0.52 0.86
107 221.0-300.0 79.0 4.83 0.61 1.98 1.23
350.0-366.8 16.8 4.57 0.17 1.67 0.68
109 198.0-295.8 97.8 16.95 0.81 4.58 4.04
110 267.4-269.6 2.2 6.83 1.47 2.00 2.45
284.0-344.0 60.0 11.68 0.58 2.73 1.45
/T/
Gold assays for the above intersections are pending.
Drill holes no. 105 and 106 tested a geological target 400 feet
northwest of the Main Zone without success and drill holes no. 103
and 108 which did not intersect any significant mineralization
have partially delineated the Main Zone to the southwest and
northeast respectively.
Drilling to date by the Larder/PALL joint venture, including
previously announced favourable results from drill holes no. 100
and 101 have supported and increased the geological reserves of
drill indicated and inferred reserves totalling 473,000 tons
averaging 18.5 percent zinc, 1 percent lead and 3.5 percent copper
compiled by the previous owners. The Main Zone remains open up
dip and down dip along the undulating, flat northwesterly dipping
old paleosurface now marked by an Andesite-Rhyolite volcanic
contact. The stratabound, VMS (Volcanic Massive Sulphide) deposit
is being further tested with vertical holes for significant
extensions outwards from its presently known horizontal dimensions
of 500 feet along its northeast-southwest axis by its maximum
northwest-southeast width of 150 feet as indicated in drilling to
date.
The present drilling program consists of completing the vertical
drill holes, 50 feet apart, along northwest-southeast oriented,
100 foot spaced section lines over the Main Zone. The variable
widths and grades being encountered to date are a result of the
extreme irregularity of the deposit's shape and its position along
the old paleosurface which is difficult to predict prior to
drilling.
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