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Gold/Mining/Energy : INTERNATIONAL TAURUS RESOURCES INC. (ITS:VSE)
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To: Bob Walsh who wrote (91)3/4/1999 4:55:00 PM
From: Bob Walsh  Read Replies (1) of 123
 
News Release: ITS discovers new gold zone
International Taurus Resources Inc ITS
Shares issued 28,530,403 Mar 3 close $0.33
Thu 4 Mar 99 News Release
Mr. Robert Blakestad reports
The company has commenced drilling on the Martinere "D" gold prospect in
the Detour Lake-Selbaie region of the northern Abitibi Belt in Quebec.
Partial, preliminary gold assay results have been received from two of four
holes completed to date.
The principal target at Martinere "D" is a zone of gold mineralization in
mafic volcanic rocks and mafic intrusives associated with a northeast splay
off the detour deformation zone. Previous drilling has intercepted 12.5
grams per ton over 2.5 metres and 1.07 g/t gold over 12 m in a discovery
hole (97-6) drilled by Cyprus Canada Inc., that had not been offset. The
company is drilling a minimum of nine holes totalling 2,000 metres to
expand this new discovery during the current program.
The initial results reveal the existence of a new zone of strong rock
alteration and gold mineralization to the south of, and possibly parallel
to the zone discovered by Cyprus Canada in previous drilling. The results
received to date are summarized as follows:

Hole Location Interval Length
No. (m) (m)
----- ------------ ----------- ------

99-11 50m south 32.9 - 36.8 3.6
and 400m
west of 97-6 42.7 - 49.2 6.5

99-13 100m south
of 97-6 76.2 - 80.4 4.2
92.0 - 93.9 1.9

Hole Location Assay Values
No. (g/t Au)
----- -------- ------------

99-11 50m south 3.78
and 400m
west of 97-6 5.11

99-13 100m south
of 97-6 14.44
1.07
The reported assays are of a preliminary nature and are subject to revision
once verified by the laboratory and check assays. Assay results from more
than 300 samples taken from the first four holes are pending from the
laboratory and will be reported when received and evaluated by the company.
Drilling of offset holes around drill holes 99-11 and 99-13 is currently
under way.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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