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Gold/Mining/Energy : New Claymore Resources -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (526)	9/5/2000 11:13:53 PM
From: charred	Respond to of 531

I agree.

To: jerry janko who wrote (526)	9/14/2000 7:55:17 AM
From: jerry janko	Read Replies (1) \| Respond to of 531

Mr. Anthony Rich reports Alberta The company has recently acquired a permit over the Mountain Lake kimberlite. The permit area surrounding Mountain Lake has also been expanded to 300,000 acres. The Mountain Lake kimberlite is located between the Grande Prairie and Falher. This was the first kimberlite discovered in Alberta, found by DeBeers approximately six years ago. It is a very large intrusive but it exhibits only a very weak magnetic signature. It has long been thought that more kimberlites should occur in this part of Alberta but, without strong geophysical signatures they will be difficult to detect. however, New Claymore has carefully reinterpreted its airborne geophysical data from the area and has identified a number of potential targets. The company has just started a program of ground geophysics on these targets. Ontario The claims optioned by New Claymore at Lac des Iles have been optioned to New Millennium Metals Corp. in July, 2000. New Millennium is currently exploring the property and the company anticipates preliminary results shortly. Greenland The summer exploration program on the company's licence at Uvkussigsat is complete. A re-examination of the impressive lead/zinc showings has revealed good potential for continuity and the existence of an orebody similar to the nearby, minded-out Black Angel mine at Maarmorlik. Drill targets have been more precisely determined in the area of previously discovered showings: Average thickness: 8.0 metres Grade: 27.6 per cent zinc, 9.8 per cent lead and 68 grams per tonne silver Strike length: 70 metres, one continuous showing Average thickness: 1.4 metres Grade: 14.1 per cent zinc, 3.3 per cent lead and 23 grams per tonne silver Strike length: 140 metres, one continuous showing Data are currently being analyzed and preliminary results have also identified a new mineralized area where ground geophysics could effectively delineate more drill targets. The company will consider seeking a joint venture partner for the 2001 exploration program. cheers