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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: roger fontaine who wrote (685)	3/7/1998 1:18:00 AM
From: roger fontaine	Read Replies (1) \| Respond to of 1706

International CanAlaska Resources (ICA:VSE) has reached a final agreement with Royal Oak Mines to assume Royal Oak's interest in the 49 claim (9,520 ha) Timmins/Michie property in Ontario. The company must pay $1 million in cash and through expenditures on the property by Nov. 14, 2000 to earn a 50% interest in the property. CanAlaska intends to explore the property for VMS base metal mineralisation and potential gold mineralisation after reviewing Royal Oak's exploration results, the best of which returned 0.05% Cu, 0.17% Zn and 0.22% Pb over 16.9 m. (Mar 4/98)