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Gold/Mining/Energy : MINK MINERAL RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Jim Andrews who wrote (346)	3/4/1998 9:24:00 AM
From: strenlich	Read Replies (1) \| Respond to of 637

Kenieba diamond project drilling started Mink International Resources Corp MKM Shares issued 15,374,877 Mar 3 close $0.40 Tue 3 Mar 98 News Release Mr O.L. de la Cuesta reports The diamond drilling program in the company's Kenieba diamond project in the Republic of Mali has commenced. The company's own diamond drill, support heavy equipment and crew are being used in the operations. The first hole currently being drilled and planned for +/- 250m is on the 44 hectare Kassama Anomaly which could be the largest kimberlite pipe in West Africa today. The Kassama was first identified by ground geophysics as a large oval shaped magnetic anomaly with an east-west axis of approximately 1,000m and a north-south axis of about 800m. Lateritic kimberlite tuff was recovered from a pit excavated along its margin. Pilcroilmenite, pyrope and chromite indicator minerals were likewise recovered from small streams draining the area. The company plans to initially diamond drill the Kassama with three to four holes. These will then be used as a basis for determining additional drilling and/or bulk sampling operations in it. The second drill target is the Sansanto Anomaly +/- 1,000m upstream from where exceptionally large diamonds (viz 232, 137,102 and 98 carats) were found earlier. Some macro diamonds, kimberlitic chromite and pyrope garnet indicator minerals were recently discovered by Ashton geologists in the same area as the diamond finds. The Sansanto was first identified as an aeromagnetic anomaly and subsequently confirmed by ground geophysics. Aside from the planned drilling, test pitting operations are now being conducted in it. The Sansanto is suspected to be the source of the large alluvial diamonds that were discovered downstream from this anomaly. In addition to the Kassama and Sansanto, nine other priority targets are scheduled to be tested by a combination of diamond drilling, trenching and/or test pitting during this exploration program, expected to continue until June-July 1998. They were selected by Ashton geophysicists and Dearn Lee, Mink's diamond consultant, from over 80 other potential targets. The basis for selecting the top priority targets included identification and correlation of aeromagnetic anomalies with proximate alluvial diamond and positive indicator mineral discoveries. The Kenieba diamond project is a joint venture between Mink International and Ashton West Africa Pty, a subsidiary of Ashton Mining of Australia.