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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: RJ2 who wrote (4101)	3/30/2004 10:09:35 AM
From: ali	Read Replies (1) \| Respond to of 4269

CALGARY, March 30 /CNW/ - Flag recently announced three exploration projects for its holdings in the Sudbury area mining camp. These were at Wolf Lake and Cobalt Hill in Mackelcan Township and at the Exploratory Licence of Occupation (ELO) in Rathbun Township. At Wolf Lake, Flag is in preliminary discussions concerning a joint venture to explore the unexplored coinciding gold-copper geochemical and VLF electromagnetic anomalies, in the northern sector of Wolf Lake, on which four target areas have been suggested. The anomalies adjoin the north edge of the Wolf Lake gold-copper deposit. A copy of the map showing zones of the Wolf Lake gold-copper deposit, the size of the coinciding geochemical and electromagnetic anomalies and the location of the target areas, is available upon request, by phone, fax, or email. Phone: (403) 262-8883, Fax: (403) 262-8886, E-mail: info@flagresources.com. At Cobalt Hill deeper drilling is proposed to explore for the projected igneous source of the nickel, copper and gold sulphides found in inclusions in unique pyrite rich quartz veins, with chromium rich fuchsite, in hydro-thermally altered Lorraine quartzite At the ELO exploration of surface occurrences of gold in quartz veins and of a mineralized gabbroic structure is proposed. Flag's holdings are in the western sector of the Wanapitei Anomaly, the adjoining regional and magnetic anomaly to the Sudbury Anomaly, with its many nickel-copper and gold deposits.