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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?

To: wayne cath who wrote (3649)	3/6/2003 6:39:45 PM
From: wayne cath	Respond to of 3650

Cross Lake extends West zone of QR property Cross Lake Minerals Ltd CRN Shares issued 37,768,493 Mar 6 close $0.12 Thu 6 Mar 2003 News Release Mr. Brian Kynoch reports DIAMOND DRILLING EXTENDS HIGH GRADE MINERALIZATION Cross Lake Minerals has released further drill results from the QR property, near Quesnel, B.C. Four diamond drill holes were completed in February, 2003, and drilled into untested areas of the West zone to further define the known gold mineralization. All four drill holes intersected significant intervals of gold mineralization and have confirmed and extended previously defined higher-grade sections of the West zone. The most significant results from this new West zone drilling are tabulated below: Hole No. From To Interval (m) (m) (m) CL-03-2019 34.0 38.5 4.5 CL-03-2020 42.8 47.8 5.0 CL-03-2021 59.0 65.0 6.0 CL-03-2022 62.5 71.0 8.5 Including 62.5 66.5 4.0 Hole No. Gold g/t oz/t CL-03-2019 5.8 0.17 CL-03-2020 9.1 0.27 CL-03-2021 7.3 0.21 CL-03-2022 11.2 0.33 Including 22.0 0.64 Continuing exploration within the known zones of gold mineralization are providing further important information for the scoping study now being conducted. This independent study will define the parameters for recommencing production from the QR property. Further exploration is being planned on both the QR and Cariboo properties to expand and define areas of gold mineralization not included in the current scoping study and to evaluate new exploration targets. These programs will focus on increasing the known resource base in order to extend the operating life of the project. The company has the option to acquire a 100-per-cent interest in the QR property from Kinross Gold Corporation. Gold Giant Ventures Inc. is in the process of earning 50 per cent of the company's rights with the company acting as operator of the project. All exploration work was conducted under the supervision of the company's qualified person and vice-president, exploration, Jim Miller-Tait, PGeo. All assays were completed by Acme Analytical Laboratories Ltd. of Vancouver, B.C. The samples were analyzed by ICP-Mass Spectrometer following an Aqua Regia digestion on a 10-gram split. The company and Gold Giant will be presenting the QR project at the Prospectors and Developers Association of Canada convention in the investors exchange booth No. 2336 from March 9 to 12, 2003, in Toronto, Ont. All convention delegates are invited to visit the booth for further information. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com