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Gold/Mining/Energy : mansfield minerals inc -- Ignore unavailable to you. Want to Upgrade?


To: Dev who wrote (1171)5/24/2002 5:14:04 PM
From: steadyasyougo  Respond to of 1193
 
Comments, anyone?
Gerald

NEWS RELEASE
MAY 24, 2002
NR# 02-04

Drilling Commences at Arizaro-Lindero Property, Argentina

Vancouver, British Columbia -- Mansfield Minerals Inc. (TSX – MDR)

Mansfield Minerals Inc. (the “Company”) has received notification that Rio Tinto Mining and Exploration Limited (“Rio Tinto”) has commenced drilling on the Company’s Arizaro-Lindero gold-copper property located in Salta Province, northwestern Argentina. Rio Tinto plans to drill a combined metreage of 1600 metres on the Arizaro and Lindero mineralized zones.

Rio Tinto has an option to earn a 60% interest in the property by completing work expenditures totaling US$3,950,000 and making option payments totaling US$770,000 over a five-year period. In addition, Rio Tinto may earn an additional 10% interest by completing a feasibility study on the property.

On behalf of the Board of Directors,

“Gordon P. Leask”

Gordon P. Leask, P.Eng.
President