++++++++++++++++++++++++NEWS RELEASE+++++++++++++++++++++++++++
This ones out of the gate and running!!!!
FOR: INTERNATIONAL KIRKLAND MINERALS INC.
VSE SYMBOL: IKI
FEBRUARY 4, 1999
International Kirkland Minerals Inc. - Company
Announcement
TORONTO, ONTARIO--
Shares Issued: 5,188,001
Stock Options / B Warrants: 545,000 at $0.40
Shares Authorized: 100,000,000
International Kirkland Minerals Inc. ("IKI" / the "Company") is
pleased to announce that on February 4, 1999 the Company's common
shares commenced trading on the Vancouver Stock Exchange under the
symbol "IKI".
In addition, the company announces that on February 1, 1999, IKI
completed an Initial Primary Offering of the Company's shares, in
the Province of British Columbia, for the Maximum Offering amount
of shares consisting of 2,000,000 common shares of IKI at $0.40
per share for proceeds to IKI of $700,000.
Furthermore, the Company is pleased to announce that mobilization
has commenced on an initial 3 hole, 800 metre diamond drill
program on the Company's Tooms Township Nickel Project in
northeastern Ontario. The property is strategically located
approximately 200 km by railroad and 320 km by road from the major
mining, smelting and refining centre at Sudbury, Ontario.
The target model is high grade (3-5 percent Ni) nickel sulphide
deposits in association with ultramafic rocks of the type
currently being mined in the Kambalda District of Western
Australia. The drilling is being focused in an area where
previous drilling by Granges Exploration in the late 1970s and
Kennecott Canada in 1993 intersected widespread, elevated nickel
values in association with highly magnesian ultramafic rocks. The
best historical nickel intersection on the property was in
Kennecott hole 5 which yielded 0.83 percent Ni over 7.33 m,
including 2.5 percent Ni over 1.6 m, at a vertical depth of 180 m.
Kennecott hole 5 is by far the deepest hole that has ever been
drilled in this zone, or on the property, suggesting that the best
potential may lie at depth beneath the previous and limited
shallow drilling.
In addition, minor amounts of copper and cobalt were encountered
by the previous drilling. Assaying for copper, cobalt, gold and
platinum group elements will be carried out under the current
program. IKI's first two holes, at 350 m and 300 m respectively,
will probe beneath and to the south of the Kennecott intersection.
Further drilling will be contingent on results from this initial
IKI drill program. Results from this first phase of drilling are
expected by the end of February, 1999.
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