Does anyone realize how good .. wrong..excellent these result are ??
if they were in Voisy Bay we would be looking for a buy out.. this
is as good if not better .. only it's not as cold.If the size turns
out to be good or reasonable this should be .50 cent stock even
with 70 mil shares .Hello .. where is the mill in Voisy Bay ?? EH ??
3.5% copper ??????
International Larder Minerals Incorporated
LRDR CDN
January 29, 1997
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.
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
New Base Metal Project Larder Prospectors Alliance Merger
INTERNATIONAL LARDER MINERALS INC ("LRDR-Z")
- New Base Metal Project - Larder-Prospectors Alliance Merger
International Larder Minerals Inc. ("Larder") announced that the Company has agreed with Prospectors
Alliance Corporation ("PALL") to enter into a 50:50 arrangement with PALL to explore the properties held
by Explorers Alliance Corporation ("EAC") which is to become a wholly-owned subsidiary of Larder. The
properties are in the Kamiskotia base metal camp northwest of Timmins, Ontario. PALL will be the
Operator of the joint venture.
Larder, through EAC has entered into a letter of intent with Falconbridge Limited in which it has combined
the 425 mining claim units indirectly held by it in Byers, Cote, Godfrey, Jamieson, Macdiarmid, Murphy,
Reid and Robb Townships and the 236 mining claim units it holds under option in Godfrey, Jamieson, Reid,
Robb, Mahaffy and Loveland Townships with the 862 mining claim units held by Falconbridge in the
Townships of Godfrey, Jamieson, Macdiarmid, Reid, Mahaffy, Turnbull, Robb, Loveland and Cote
Townships and the 254 mining claim units held under option by Falconbridge in the Townships of Godfrey,
Jamieson, Reid, Mahaffy, Robb and Cote. In total, the parties currently hold or have the right to acquire
1,777 mining claim units encompassing over 70,000 acres of prospective base metal property.
To earn-in to the Falconbridge properties, the joint venturers are required to expend $7.2 million in
exploration work on the properties over a five year period which commences on the date of definitive
agreement between the parties is signed.
The initial work planned by the joint venture includes flying a deep penetrating EM survey over the property
in an east-west direction. It is planned that this program will be conducted in the spring and will be followed
up by ground reconnaissance work as soon as conditions permit. Also planned to commence at an early
date is further testing of favourable zones containing base metal mineralization discovered by Falconbridge
on which the joint venture plans deeper drilling. These targets are located in the Kamiskotia Volcanic
Complex which hosts the past producing Kam Kotia and Jameland copper-zinc mines. The latter
properties are not included in the above agreement. There is however, an Area of Interest comprising 10
townships surrounding the properties within which all acquisitions by any party will be subject to inclusion in
the joint venture.
International Larder Minerals Inc. also announced that its management has entered into discussions with the
management of PALL with a view to combining the two firms through an amalgamation, merger, take-over
or other means. This initiative is driven by the fact that the companies are involved with each other in the
Alder Pond base metal project in the State of Maine, in two gold exploration properties in the Timmins
West camp of northern Ontario and in the Kamiskotia joint venture referred to earlier in this release. If an
agreement to combine the firms is arrived at it will require the approval of the boards of directors and
shareholders of both companies and of the regulatory authorities having jurisdiction. If it proceeds, the
transaction would likely be completed in the second quarter of this year.
TEL: (416) 864-0237 R. Brian Murray, President FAX: (416) 864-0567
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106 |
