New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: Jesse who wrote (205)	1/15/1999 1:43:00 PM
From: Jesse	Read Replies (1) of 407

News: New Blue's field results in Pelican Mountain area New Blue Ribbon Resources Ltd NBL Shares issued 4,550,568 1999-01-13 close $0.22 Friday Jan 15 1999 Mr. Larry Kryska reports The company is in receipt of four indicator mineral sample results from reconnaissance scale sampling conducted at its Calling Lake - Pelican Mountain area properties earlier this year. The samples were processed by the Saskatchewan Research Council. Sample 10858 contained 4-G9 pyropes, a G10 pyrope, and a high-chrome chrome diopside. This sample was collected immediately south of the property at Calling Creek (about 80 per cent of the drainage basin is within the Pelican Mountain property). Samples 10859 and 10860 were collected from small, local, upland drainages which originate within the west-central and central portions of the property. Sample 10859 contained 5-G9 pyropes and a uvarovite garnet, and sample 10860 contained a G9 pyrope and a chrome diopside. Till samples collected along the southern property boundary included indicator minerals such as G9 garnets and chrome diopsides. Prior indicator mineral sample results include the discovery of a diamond and a significant number of kimberlitic indicator minerals near Calling Lake by Buffalo Diamonds. These results coupled with prior indicator sample results by private companies and public agencies are an encouraging indication of a local kimberlitic source. The Vancouver Stock Exchange has accepted for filing an option agreement dated Oct. 23, 1998 between New Blue Ribbon Resources and Grizzly Gold whereby Blue Ribbon has been granted the option to earn an 85 per cent interest in the Chris property in Alberta. The Chris property is approximately 46,000 acres and is contiguous to the Pelican Mountain property. With the addition of this property the Pelican Mountain block now consists of approximately 450,000 acres. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com ----------------- NBL website: newblueribbon.com

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