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Gold/Mining/Energy : DUMONT NICKEL (DNI-M) -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (217)	8/3/1999 3:19:00 PM
From: Just G	Read Replies (1) \| Respond to of 236

Dumont completes four drill holes on LR6 and LR7 targets Dumont Nickel Inc DNI Shares issued 15,045,074 Aug 2 close $0.27 Tue 3 Aug 99 News Release Mr. Denis Clement reports On Aug. 2, 1999, Dumont completed four holes of an initial five drill hole program on the eastern extension of the Raglan horizon. Drilling confirmed that the stratigraphic sequence at LR6 and LR7 was identical to the volcano-stratigraphic sequence seen to the west hosting Falconbridge's Katinniq and Donaldson deposits. While massive sulphide intercepts were not encountered in the first four holes (totalling 910 metres), drilling confirmed that stacked ultramafic flow sequences were in contact with variably carbonaceous footwall sediments at the LR6 and LR7 targets. The results are sufficiently encouraging to maintain an aggressive program on this highly productive horizon. LR6 and LR7 are on the most westerly five kilometres of Dumont's property. Dumont is currently refining drill targets along the Raglan horizon to the east of LR6 and LR7. After finishing the fifth hole, drilling is expected to resume in about one week as further targets are prioritized. Dr. Jon North, vice-president, exploration, in a statement said: "Drilling has positively confirmed that the physical volcanology of the Raglan Horizon -- stacked ultramafic flows, asymmetric metamorphism with minor disseminated sulphides -- is present on Dumont's property. Given the short time-window, we have only explored five kilometres out of 65 kilometres to date, leaving another 60 kilometres of highly prospective stratigraphy still to be evaluated. Dumont's priority is to immediately evaluate the reconnaissance targets, with the objective of continued drilling this season if warranted." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com