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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (12836)	6/20/2003 8:45:50 AM
From: Little Joe	Respond to of 39344

I prefer not to look at it from a "whose right" view. My view would be to watch to see if the seasonal trend holds. If it does not and gold goes counter to the trend between now and August, it strenghtens th bullish argument. If it does follow the seasonal trend. I would be looking for a good entry point near seasonal lows and if I found one, I would take a position then. Little joe

To: jrhana who wrote (12836)	6/20/2003 9:26:36 AM
From: Rocket Red	Respond to of 39344

Shear Minerals Ltd.: 4th and 5th Kimberlites Discovered at Churchill EDMONTON, ALBERTA and VANCOUVER, BRITISH COLUMBIA--Shear Minerals Ltd. (SRM:TSXV), Northern Empire Minerals Ltd. (NEM:TSXV) and BHP Billiton today announced that two additional kimberlites have been discovered on the Churchill Diamond Project. Drill holes CD006 and CD007, designed to test circular magnetic high anomalies measuring 250 m by 200 m and 150 m by 150 m respectively, intersected two new kimberlite bodies named Kalluk-3 and Kalluk-4. The current phase of drilling will test a minimum of 15 targets of the 217 geophysical targets identified to date on the property. This brings the total number of kimberlites discovered on the project to five: the Qaumallak (Lightning), Kalluk-1 (Thunder) through Kalluk-4 kimberlites. "The goal of this year's program is to establish whether there are kimberlite pipes within the project boundaries and their spatial distribution. We are drilling geophysical anomalies in areas where we have good regional chemistry. We are collecting enough kimberlite to obtain a representative microdiamond sample," said Ms. Strand. "The level of success realized at such an early stage in our drill program increases the opportunity to establish an entirely new kimberlite province in an area of Canada that is under-explored for diamonds." To date six targets have been tested and five have resulted in new kimberlite discoveries. Drill hole CD005 was terminated prematurely after penetrating 45 feet of granite bedrock due to poor drilling conditions. The target remains unexplained and warrants future investigation. The 2003 program is under the supervision of Dean Besserer, P. Geol. of APEX Geoscience Ltd., a Qualified Person under NI 43-101. Mr. Besserer is responsible for all aspects of the projects supervision including Quality Assurance, Quality Control, and sample Chain of Custody. Shear has a 51% interest and is operator of all exploration programs. Northern Empire is earning into a 35% interest by incurring $750,000 in exploration expenditures. BHP Billiton has a 14% interest in Churchill and has also agreed to fund the costs of collection, sampling and processing the initial 200 tonnes of kimberlite. On behalf of the Board SHEAR MINERALS LTD. Pamela Strand, President On behalf of the Board NORTHERN EMPIRE MINERALS LTD. D. Bruce McLeod, P. Eng, Vice President -30- FOR FURTHER INFORMATION PLEASE CONTACT: Shear Minerals Ltd. Pamela Strand President (780) 435-0045 or 1-866-298-9695 Website: www.shearminerals.com or Northern Empire Minerals Ltd. D. Bruce McLeod, P. Eng Vice President (604) 331-2267 or (888) 338-2200 Website: www.northernempireminerals.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.