Nice Pelican, Good Pelican, ...open wide- GOOD CATCH - Now, eat the fish! Don't just store it:
Pelican Mountain IN THE Block from the Hall Boys:( These are 550 K ACRES, in ALTA; nearby & ABUTING!!! ) Maybe an area play= The Pelican Play !!! ! ADP / TPP Go TPP, Go TPP... GO TPP/ GOTPP!!! !
209.5.8.4
MARKET NEWS
Date 12/30/98
Company SHEAR MINERALS LTD.
Title Agreement With Ellesmere; Closes Private Placement
SHEAR MINERALS LTD ("SRM-Y")
- Agreement With Ellesmere; Closes Private Placement
Pamela Strand, President of Shear Minerals Ltd. announces that the
company has signed an agreement with Ellesmere Minerals Ltd ("Ellesmere",
ASE:ELM), which will allow Ellesmere to acquire Shear's interest in the
Australian Syndicate, which owns an 80 percent interest in Kinver Mining
NL. In exchange for Shear's undivided 20 percent interest in the Syndicate,
Ellesmere will transfer its interest in the following properties to Shear:
1) Ellesmere's 50 percent interest in the Miminiska Lake Property; and 2)
Ellesmere's Alberta Properties which include: a 100 percent interest in the
Pelican Mountain, Thickwood Hills, and Muskeg Mountain properties and an 85
percent interest in the 550,000 acre Boys From the Hall Block. In
addition, Ellesmere will issue to Shear 100,000 common shares of Ellesmere
and Shear will issue 150,000 common shares of Shear to Ellesmere. This
acquisition allows Shear to focus as a Canadian exploration company
exploring Canadian properties.
Shear announces the termination of its investor relations contract
with MINEPRO International Inc. Shear also closed its private placement on
November 30, 1998 of 549,332 Units, each Unit is comprised of one common
share and one warrant to acquire one common share within two years at an
exercise price of $0.21. Each unit was priced at $0.15.
The transaction with Ellesmere is subject to regulatory approval. If
approved it is the intention of Mr. Michael Dufresne to resign from the
Board of Directors and as Officer.
TEL: (403) 435-0045 Pamela Strand, M.Sc., P.Geol., President
FAX: (403) 433-1336
NET: www.shearminerals.com
______________________________
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.
209.5.8.4
News Releases Company Profile
blank line
Source CANADIAN CORPORATE NEWS
Date 04/21/99
Company SHEAR MINERALS LTD.
Title Shear Minerals Ltd. Acquires Interest in Nicholas Bay Kimberlite, Northwest Territories
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: Shear Minerals Ltd.
ASE SYMBOL: SRM
April 21, 1999
Shear Minerals Ltd. Acquires Interest in Nicholas Bay Kimberlite, Northwest
Territories
EDMONTON, ALBERTA--Shear Minerals Ltd. (Alberta Stock Exchange: SRM)
is pleased to announce the acquisition of a 50 percent interest in
the Alymer Lake West Property ("Property") from ADEX Mining Corp
("ADEX"). The property consists of 7 mineral claims (18,077
acres) which host the Nicholas Lake Kimberlite. This kimberlite was
discovered jointly in 1994 by SouthernEra Resources Ltd/ Winspear
Resources and ADEX. Past diamond recovery results returned 213
diamonds from 350 kg of drill core (209 microdiamonds <0.5mm in the
longest dimension and 4 macrodiamonds >0.5mm in the largest
dimension). The remaining 50 percent interest is held by Winspear
Resources Inc.
The Property is located 360km northeast of Yellowknife and 90 km
southeast of the Ekati Diamond Mine. The property adjoins the
Intertech Minerals Corp./Kennecott Canada Afridi Lake Property where
the Jordan Kimberlite was recently discovered and the testing of 30
airborne geophysical targets is underway. Other active diamond
programs in the area include Pinewood Resources Ltd. and Pure
Gold/Diavik Diamond Mines/Aber. Prior airborne geophysical survey
data on the Property indicate that many potential kimberlite targets
remain to be tested. Shear will be reviewing and re-interpreting
all prior exploration data on the Property. An aggressive 1999
exploration program is planned in light of prior results and based
on the success of bordering exploration programs. Shear is
fortunate to have acquired this advanced property which is
located in an area of renewed diamond activity and successes and
looks forward to future discoveries.
This acquisition allows Shear to focus as a Canadian exploration
company committed to diamond exploration in the NWT and Alberta.
Shear is also encouraged by the results to date on their
Coronation Diamond Property in the northeast Slave Province as well
as their Alberta Properties where a summer program is currently
being outlined.
Under the terms of the Agreement ADEX will transfer its 50 percent
interest in the Property in return for 200,000 shares of Shear. The
transaction with ADEX is subject to regulatory approval. The
Corporation also announces the resignation of Michael B. Dufresne
from the Board of Directors in order to focus on his consulting
commitments. The Board wishes to thank Mr. Dufresne for his
past effort and dedication and we look forward to a continued
relationship with Mr. Dufresne as technical consultant. Shear will
be applying to the ASE to amend the exercise price of the options
previously granted to certain directors and officers to acquire an
aggregate of 600,000 common shares from $0.225 to $0.10 per share.
The options will expire on December 11, 2002.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT :
Shear Minerals Ltd.
P. Strand, P. Geol.
...
News Releases Company Profile
blank line
Source MARKET NEWS
Date 12/23/98
Company SHEAR MINERALS LTD.
Title Ellesmere Acquires Controlling Interest of Austral
ELLESMERE MINERALS LTD ("ELM-Y")
SHEAR MINERALS LTD ("SRM-Y")
- Ellesmere Acquires Controlling Interest of Australian Syndicate
- In-fill Drilling, Appointment of Mr. J. Riley Conkin, and Termination
- of IR Contract
Ellesmere Minerals Ltd. Acquires Controlling Interest of Australian
Syndicate, Announces In-fill Drilling to Commence in Early 1999 At Jaurdi
Hills Western Australia, Appointment of Mr. J. Riley Conkin as COO and
Termination of Investor Relations Contract
Ellesmere Minerals Ltd. ("Ellesmere") announces that it has signed an
agreement with Shear Minerals Ltd. ("Shear"), which will allow Ellesmere to
acquire Shear's 20 percent interest in the Australian Syndicate, which owns
an 80 percent interest in Kinver Mining NL ("Kinver"). Ellesmere's
acquisition of Shear's interest provides Ellesmere with controlling
interest (60 percent) of the Australian Syndicate.
Kinver holds a 90 percent interest in the Jaurdi Hills Property
("Property"), located 40 km north of the historical mining district of
Coolgardie in Western Australia. An independent mining engineering report
by Australian Mining Consultants (AMC) in 1996 reviewed the ore reserves
and economics for the Property, and reported a Global Resource of 573,815
tonnes grading 3.52 g Au/t (64,894 oz Au) above cut off grade of 1.5 g Au/t
to a depth of 50m within three open pit deposits.
In exchange for Shear's undivided 20 percent interest in the
Australian Syndicate, Ellesmere will transfer its interest in the following
properties to Shear: 1) Ellesmere's 50 percent interest in the Miminiska
Lake Property; and 2) Alberta Properties which include: a 100 percent
interest in the Pelican Mountain, Thickwood Hills, and Muskeg Mountain
properties and an 85 percent interest in the 550,000 acre Boys From the
Hall Block. In addition, Ellesmere will issue to Shear 100,000 common
shares of Ellesmere and Shear will issue 150,000 common shares of Shear to
Ellesmere.
Additionally, Ellesmere is pleased to announce the appointment of Mr.
J. Riley Conkin, effective January 1, 1999, to the management team of
Ellesmere as Chief Operating Officer. As a result, Ellesmere has
terminated its investor relations contract with MINEPRO International Inc.
effective December 14, 1998.
With the recent events, Ellesmere is focusing on its primary goal of
building a revenue generating junior mining company in Australia by year
end 1999. The company will commence Phase I in-fill drilling at both the
Black Cat and Jaurdi Mining Center gold deposits in early 1999.
The agreement with Shear and appointment of J. Riley Conkin disclosed
herein are subject to regulatory approval.
TEL: (403) 439-5380 John Williamson, Ellesmere Minerals Ltd.
FAX: (403) 433-1336
______________________________
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.
981223LO+2+000195
209.5.8.4
CANADIAN CORPORATE NEWS
Date 10/26/99
Company SHEAR MINERALS LTD.
Title Shear Minerals Ltd Announces Additional Property Acquisitions in Alaska and Alberta
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: Shear Minerals Ltd.
ASE SYMBOL: SRM
October 26, 1999
Shear Minerals Ltd Announces Additional Property Acquisitions in Alaska and
Alberta
EDMONTON, ALBERTA--Shear Minerals Ltd. (Alberta Stock Exchange: SRM)("Shear")
Shear has entered into a Letter of Intent with Shulin Lake Mining Inc.
("Shulin") that allows Shear the right to earn a 50% interest in Mining Claims
located in south central Alaska, USA by issuing Shulin 400,000 shares of Shear
and incurring $275,000 in exploration expenditures over 3 years. The property
contains a large 3-5km diameter circular positive magnetic anomaly that is
interpreted to be a high level intrusive. Historic to recent placer gold is
known in the region. Recent work by the property vendors indicates the
presence of gold and diamond indicator minerals in the drainage surrounding the
anomaly. Potential diamond indicator minerals obtained to date include
magnesium rich olivine, orthopyroxene, clinopyroxene and high chromium
chromite. Shear will investigate the property for kimberlitic/lamproitic
intrusions, base and the precious metal potential.
Shear also has entered into a Letter of Intent with Sharata Resources Limited
("Sharata") to acquire the OBED and Edson Properties, 260 km west of Edmonton.
Past work on the property consisted of 35 heavy mineral stream sediment
samples, 38 stream silt samples, 11 till samples and 5 rock grab samples.
Diamond indicator mineral analysis recovered more than 22 chromites with high
magnesium and chromium, 3-G9 pyropic garnets, more than 10 eclogitic garnets
and one chrome-diopside with excellent chemistries that suggest deep-seated
mantle origins. Other indicator minerals recovered include diopsides,
uvarovite garnets, spinels, and ilmenite. Anomalous gold also recovered in
surficial sediments in parts of the OBED property require further work to
determine the source. Rock samples indicate possibly anomalous silver as well
as lead, zinc, cadmium and chromium. Under the terms of the Agreement, Shear
can acquire 100% in the property from Sharata in exchange for 500,000 shares of
Shear and Sharata retains a 2% NSR.
Both transactions are subject to certain conditions including a private
placement totaling $180,000 at $0.12 per share with a full warrant priced at
$0.16 per share, exercisable at any time up to two (2) years to be subscribed
by the individuals of Shulin and Sharata. The terms of both transactions are
subject to regulatory approval.
Shear has also applied for 3 Metallic and Industrial Mineral Permits located 65
km north of Hinton where 23 diamonds were discovered from stream sediment
sampling in 1995 by New Claymore/Montello/Troymin.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT :
Shear Minerals Ltd.
P. Strand, P. Geol.
President
(780) 435-0045
(780) 439-7308
pstrand@compusmart
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Chuck-Gads, there's Diamonds and Pipes all over This Pelican Area Play-GOTPP and GOTPAP - Go TPP ....GOTPP
ChuckaGotMilk-Got Cow-Got Pelican- That is about a MILLION ACRES inm my adding- a Million for New Blue and A Million for Shear- I can see thru that Honey, so dance fast. |
