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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: donkeyman who wrote (1097)11/17/1997 6:50:00 PM
From: Jesse  Respond to of 11676
 
**NEWS** - Cypress Minerals Corp - South Voisey's Bay drilling progress

Cypress Minerals Corp
CYP
Shares issued 13970781
1997-11-17 close $0.42
Monday Nov 17 1997
Mr Donald Huston reports
The following is an update on the drill program at the company's South Voisey's
Bay joint venture in Labrador with Donner Minerals.
Two drills are currently operating in the South Gabbro zone and a third drill rig is
scheduled to arrive in the next few days. Teck Exploration, the project operator,
recently completed down the hole geophysics in holes 1 and 2. Data received
from hole No. 1 indicates the presence of a strong geophysical conductor at a
depth of approximately 250m. Hole No. 5 will be collared 200m from hole No. 1
to evaluate this high priority target.
Hole No. 3 has now reached a depth of approximately 240m and hole No. 4 is
currently drilling at a vertical depth of about 600m. Both of these holes will be
completed in the next week. Drilling is expected to continue into the month of
December.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com



To: donkeyman who wrote (1097)11/17/1997 6:57:00 PM
From: Ed Pakstas  Respond to of 11676
 
donkeyman: The way it was explained to me was, they have about 3 weeks to plunk as many holes into the ground as is humanly possible...
Mainly to identify the zone...Not enough rigs around and they are working with a budget...I heard from another source that one of them was a deep hole rig (just as you stated) ... Wonder where they are going to put it???...

...ed