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Gold/Mining/Energy : Prospectors Alliance Corp. (PALL- CDN) -- Ignore unavailable to you. Want to Upgrade?

To: matt who wrote (3)	12/5/1997 3:01:00 PM
From: lorne	Read Replies (1) \| Respond to of 187

Hi Matt Here's that news release. December 3, 1997 Prospectors Alliance Corporation (PALL - CDN Toronto, 13,606,121 outstanding shares) wishes to announce the following exploration results from its recently staked, wholly owned mineral property in the Savant Lake Area of northwestern Ontario. As the result of exploring in a favourable greenstone belt containing several previously untested airborne geophysical anomalies, a base metal occurrence with anomalous values in copper, zinc, lead and silver has been discovered recently by the Company's own prospecting crews. The latter mineral occurrence in a volcanic massive sulphide geological setting is situated along an east-west trending Archean Rhyolite-Andesite contact. Detail ground geophysical surveying has outlined a minimum 2,000 foot long electromagnetic and magnetic conductor with interpreted widths of up to 100 feet beneath a swampy area adjacent to the mineralized outcrops marking the Rhyolite-Andesite contact. Immediately adjacent to and partially coincident with the conductor is a gravity anomaly indicating possible massive sulphides or other high density source associated with the conductor. A diamond drill is presently being mobilized to the property to immediately test this high priority target. FOR FURTHER INFORMATION, PLEASE CONTACT: John D. Harvey, President or Robert N. Granger, Vice President Phone: (416) 360-5333 Fax: (416) 360-4419 Suite 1800, 95 Wellington Street West, Toronto, Ontario, M5J 2N7 info@prospectorsalliance.com