JUST POSTING SOME OF THE RECENT PR's.
International Taurus Reports: Drilling to Commence
International Taurus Resources Inc ITS
Shares issued 28,530,403 Jan 29 close $0.36
Mon 1 Feb 99 Company Sponsored
International Taurus Resources Inc., VSE symbol: ITS, has recently
completed a $1.175 million financing in a market that is recovering from
one of the most significant downturns for the resource sector in history.
The financing, consisting of private placement and flow through shares, was
lead by Mr. Jim LymBurner and included the participation of the AGF Fund,
Conner Capital and Wolverton Securities. This financing enables Taurus to
aggressively move forward into its current phase of work programs.
Taurus is commencing drill programs on two of its properties which include
the "Lyon" deposit in the state of Nevada and the "Martniere-D" deposit on
the Abitibi Greenstone Belt in the Casa Berardi region of northern Quebec
and Ontario.
Originally discovered by USX Corporation in 1960, the 5240-acre Lyon
project represents one of the largest undeveloped copper-gold-magnetite
deposits in North America. Lyon has a defined mineral resource of over 12
million tons grading an average of 3.41% copper in three high-grade
copper-gold-magnetite skarns which have been only partially defined by 44
previous drill holes. Taurus begins its initial step-out drill program in
early February 1999 that may produce results that will as much as double
the current existing resource.
The "Martinere-D" property has received significant work by Cyprus Canada
Inc., Taurus' partners on the prospect. This work resulted in the
intersection of 12.5 grams/ton gold over 2.5 meters and 1.07 grams/ton gold
over 12 meters in two separate intercepts in a discovery hole drilled by
Cyprus. Taurus is planning to drill a minimum of nine additional step-out
holes totaling 2,000 meters to expand this discovery in its upcoming drill
program scheduled to commence in early February.
The success Taurus has experienced in acquiring high quality exploration
targets with significant mineral resources coupled with its ability to
complete critical financing is largely due to its expert management team
lead by President and C.E.O., Mr. Robert Blakestad. Mr. Blakestad's 30
years of extensive worldwide mining exploration expertise, including
previous tenures with Cyprus Amax and Amax Gold Inc. have earned him the
reputation of being one of the top generative exploration professionals in
the industry today.
For more information about International Taurus Resources Inc., please
direct your inquiries to the following:
Corporate Office:
North American Toll Free: 1-888-827-6611
Fax: 604-681-0122
Website: intl-taurus.com
Email: mailto:info@intl-taurus.com
Investor Relations:
Innova Capital Group/ICR Inc.
Sacha H. Spindler - President
North American Toll Free: 1-888-875-1155
Email: mailto:spindler@istar.ca
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Int'l Taurus to stake Lac Rocher area claims
International Taurus Resources Inc ITS
Shares issued 28,530,403 Jan 29 close $0.36
Mon 1 Feb 99 News Release
Mr. Robert Blakestad reports
The company has reached an agreement with OroAmerican Resources Corp. to
join in the staking of more than 100 units northeast of Nuinsco Resources
Ltd.'s Lac Rocher, Que. nickel discovery, approximately 120 kilometres
northeast of Mattagami, Que.
Nuinsco's discovery hole drill hole averaged 2.46 per cent nickel over
121.4 feet, including 10.5 feet grading 10.8 per cent nickel and 62.3 feet
grading 3.68 per cent nickel in a gabbroic intrusive.
The companies will use staking crews already in the field to extend claims
previously staked by International Taurus in an area of favourable geology
with known geophysical anomalies and mineral occurrences. Onwership in
these new claims will be 20 per cent International Taurus and 80 per cent
OroAmerican.
The companies will include their respective claim holdings in the area in a
joint venture with a strong partner to further explore the area, about 30
kilometres northeast of the Nuinsco discovery. More than 250 units are
being staked in the larger program.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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Taurus to conduct Lac Rocher area staking program
International Taurus Resources Inc ITS
Shares issued 28,530,403 Feb 1 close $0.34
Tue 2 Feb 99 News Release
Mr. Robert Blakestad reports
International Taurus has reached agreement with Tri Origin Exploration to
conduct a joint staking program northeast of Nuinsco Resources's Lac Rocher
nickel discovery about 120 kilometres northeast of Mattagami, Quebec. The
companies will use staking crews currently in the field to add
approximately 30 claims to a block of about 50 claims held by International
Taurus.
The claims are in a belt of favourable geology and known geophysical
anomalies and mineral occurrences in an area about 30 kilometres northeast
of the Nuinsco discovery.
Nuinsco reported in Stockwatch Jan. 21, 1999 that its discovery drill hole
had intercepted an average of 2.46 per cent nickel over 121.4 feet,
including 3.68 per cent over 62.3 feet and 10.8 per cent over 10.5 feet in
a gabbro intrusive.
The companies intend to include their respective claim holdings in the area
in a joint venture agreement with a strong partner to further explore the
properties. More than 250 units are being staked in a larger program in
this prospective area.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
