To: Tony O who wrote (39 ) 4/16/1998 8:44:00 PM From: violetta martinez Respond to of 40
Hi... Got this off another thread...looks worth considering , after what new developments there are... Test drilling program planned for Buffalo Hills permits Big I Developments Ltd BID Shares issued 11,340,539 Apr 15 close $0.06 Thu 16 Apr 98 News Release Mr John Graffin reports Buffalo Hills, Alberta The company is preparing to undertake a test drilling program on its 46,000 acre, 100% owned mineral permits in the Manning area of northwestern Alberta. The company's project area lies to the west of the numerous diamondiferous kimberlite discoveries made by Ashton Mining in the Buffalo Hills area of Alberta. The Big I permits underwent low-level aeromagnetic surveying and limited, detailed ground magnetometer follow-up surveys during 1997. Such a large number of apparently non-cultural aeromagnetic anomalies are indicated that the company feels it should drill a number of them at this time to test for the occurrence of diamondiferous kimberlites. The program will include bedrock drill sampling. In the event that kimberlite is encountered, casing will be set to the end-of-hole and subsequent diamond core drilling will be undertaken. The company is hopeful that this initial drilling program can be undertaken before spring break-up occurs. The company is arranging internal financing for the project. Hearne Hill, BC Copper-gold project in the Babine Lake area outlines a 32 acre potential porphyry target which requires drill testing. Copper Mountain Syndicate, BC Inferred tonnage with 1997 drill indicated grades of up to 0.9% copper; 0.05 oz/t gold and 0.01 oz/t platinum group. The syndicate is negotiating a potential third party joint venture arrangement in this area.