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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN) -- Ignore unavailable to you. Want to Upgrade?

To: CJ Owen Critchley who wrote (2819)	12/18/1997 2:16:00 PM
From: R.A.K.	Respond to of 3155

To ALL: NEWS RELEASE: CHANDELEUR BAY PRODUCTION COMPANY LTD. ANNOUNCES UPDATE - PROGRESS REPORT VANCOUVER, Dec. 18 /CNW/ - Chandeleur Bay Production Company Ltd. VSE Symbol - CYJ L Market - CLBYF California __________ Rehabilitation of the decline on the North Fork Mine, which will give access to the three levels of underground workings, is progressing satisfactorily. The tunnel has been opened and timbered. The miners, under the supervision of Michael J. Skopos, P.Geologist, are making steady progress since they have not encountered any major problems. The objective is to physically examine, and sample, the high grade gold chutes which have been reported on three levels in the historical data base. Once this has been accomplished, a diamond drilling program will determine the extent of these gold bearing zones. Since large sections of the property have not yet been explored, other targets will be determined and explored by diamond drilling from underground, thus eliminating the necessity of drilling through an extensive lava cap which covers this region. Arizona ________ Sunrise Claims -- Metallurgical tests have been conducted on three 500 gram composite samples from the Tintic Mine. The flotation test results received from Mountain States RND International Inc., indicate a high level of recovery. Consequently, Chandeleur Bay intends to proceed with the processing of a large bulk sample, (5-10,000 tons), as soon as permits are received. ''William S. McKee'' _____________________ William S. McKee President The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein. -30- For further information: William S. McKee, President, (604) 684-6884 or fax: (604) 685-0929