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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY -- Ignore unavailable to you. Want to Upgrade?

To: Natedog who wrote (256)	5/25/2000 12:39:00 PM
From: Just G	Read Replies (1) \| Respond to of 349

Flag and Golden Briar receive drill results Flag Resources (1985) Ltd FGR.A Shares issued 14,067,287 May 24 close $0.74 Thu 25 May 2000 News Release Also Golden Briar Mines Ltd (GLB) Mr. M.C. McLeod reports The initial drill hole, into the recent discovery of a surface outcrop of mineralization, in an unusual coarse gabbroic rock, traced for a strike length of 1,000 feet, intersected a 35-foot zone of enriched platinum, palladium and gold values, from 75 feet to 110 feet, with palladium values increasing at depth. Sample Gold Platinum Palladium Number g/t g/t g/t 9615 40-45 feet 0.05 0.01 0.02 9616 45-50 feet 0.03 0.03 0.03 9617 50-55 feet 0.03 0.05 0.04 9618 55-60 feet 0.03 0.06 0.05 9619 60-65 feet 0.02 0.04 0.04 9620 65-70 feet 0.05 0.02 0.01 9621 70-75 feet 0.03 0.03 0.03 9622 75-80 feet 0.07 0.11 0.10 9623 80-85 feet 0.11 0.11 0.13 9624 85-90 feet 0.12 0.14 0.22 9625 90-95 feet 0.08 0.09 0.16 9626 90-100 feet 0.12 0.12 0.24 9627 100-105 feet 0.11 0.14 0.21 9628 105-110 feet 0.10 0.13 0.31 Source: Swastika Labs, Swastika, Ont., Canada. Drilling, in the mineralized gabbro, is to continue 800 feet to the north, testing for continuity of the platinum, palladium and gold mineralization. Flag and Golden Briar's consulting field geologist, P.A.R. Brown, has recommended two drill holes, to determine the dip of the mineralization and to determine in which direction the values increase. The mineralized gabbro structure is located 3,000 feet southwest of the Rathbun Lake Occurrence, a surface lens of massive sulphides. Under the terms of a confidentiality agreement with Flag, Inco Limited, in July, 1999, took representative grab samples from the rock dump of a prospectors shaft, sunk on the massive sulphide lens. Best assay results were 22.83 per cent copper, 2.18 per cent nickel, 17.7 grams (.51 of an ounce) platinum, 65 grams (1.89 ounces) palladium and 2.7 grams (0.086 of an ounce) gold per ton (source: XRAL Laboratories, Don Mills, Ont., Canada). In addition to the new discovery of platinum, palladium and gold, the recently completed induced polarization survey, has outlined several drill targets, south and east of the mineralized gabbro structure. The declared short position on Flag is 99,000 shares. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com