To: winston.s.c who wrote (358 ) 4/27/2000 9:28:00 AM From: Dan Martin Respond to of 529
winston.s.c, FLAG RESOURCES (1985) LIMITED Canadian Quotes from Telenium FGR.A. (CDNX) GOLDEN BRIAR MINES LIMITED Canadian Quotes from Telenium GLB. (ME) Attention Business Editors: Flag Resources (1985) Limited CALGARY, April 27 /CNW/ - Flag Resources (1985) Limited and Golden Briar Mines Limited announce that a drill hole into a large nickel copper rock geochemical anomaly, located in the Rathbun Lake Peninsula, Rathbun Township, Wanapitei Anomaly, Sudbury, Ontario, Canada, has intersected one hundred and five feet of disseminated chalcopyrite and pyrrhotite mineralization, hosted by an unusual coarse grained gabbroic rock. Consulting geologist P.A.R. Brown says the drill hole, drilled into a newly discovered surface outcrop of mineralized gabbroic rock, traced for 1000 feet along strike to date, is located in a nickel-copper rock geochemical anomaly over 3000 feet in length and up to 300 feet wide. The anomaly was outlined by the Ontario Geological Survey in the 1980's. The vertical exploratory drill hole has intersected up to 3% chalcopyrite and pyrrhotite disseminated mineralization, from surface to 105 feet. It is currently drilling below 400 feet. The mineralized drill core is being assayed for nickel, copper, platinum, palladium, gold and silver. Drilling will continue to determine the thickness and attitude of the new mineral discovery. Mr. Brown notes that, at the northernmost part of the nickel-copper rock geochemical anomaly, a sample taken in 1998 assayed 0.58% copper, 0.27% nickel, 0.25 grams gold, 0.34 grams platinum and 2.2 grams palladium. Mr. Brown recommends than an Induced Polarization Survey should be completed to try and confirm a link between the new discovery and a similarly trending airborne conductor located approximately 1000 feet to the east. FLAG owns a 100% interest in 98% of Rathbun township, being part of its 70,000 acre holdings in the Wanapitei Anomaly, the adjoining magnetic and gravity regional anomaly to the Sudbury Anomaly, and its nickel-copper-platinum-palladium ore deposits. The new mineral discovery is in that portion of Rathbun Township, in which FLAG has granted associated Golden Briar the right to earn a 50% interest. FLAG owns a 100% interest in the Wolf Lake and Jess Lake Gold-Copper Deposits in adjoining Mackelcan Township, its first discoveries in the Sudbury mining camp. -30- For further information: M.C. McLeod, President, Flag Resources/Golden Briar Mines Limited, Toll free in North America 1-888-531-7798, www.flagresources.com, e-mail info@flagresources.com This press release concerns more than one organization. To view releases from one of these organizations, please select from below. FLAG RESOURCES (1985) LIMITED GOLDEN BRIAR MINES LIMITED