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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (505)	3/9/1998 8:23:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 822

Copied from LCR thread - Good to see they are keeping the shareholders updated. From: newsout@canada-stockwatch.com Date: Mon, 09 Mar 1998 12:23:34 -0800 Subject: Stockwatch: Lucero Resource Corp - News Release To: ajanko@erinet.com Buffalo Head Hills exploration progress Lucero Resource Corp LCR Shares issued 11,624,832 Mar 6 close $0.54 Mon 9 Mar 98 News Release Mr Jonathan George reports Lucero has the right to earn a 50% interest in three claim blocks in the Buffalo Head Hills area of northwestern Alberta, the Seal Lake property, the ITS property and the Fafner property. These three properties were flown with detailed aeromagnetic surveys and a number of anomalies were prioritized by the company's geophysical consultants. These results were integrated with satellite imagery as well as digital topography and digital magnetics. On the Seal Lake property, extensive ground truthing of anomalies was completed (using magnetic and electromagnetic methods). Four diamond drill holes totalling 2,043 feet (622m) were completed. Three of these holes did not reach bedrock (though they were drilled to depths of 427 ft, 385 ft and 277 ft respectively. The fourth hole was drilled to a depth of 477 ft and reached bedrock of Smoky group shales at 416 ft. It seems obvious that the source of the strongest, shallow, magnetic anomalies is within the unconsolidated till and gravel deposits. The airborne magnetic data are currently being re-evaluated to attempt to filter out the effects of the overburden sheet. Seismic data are also being acquired in selected areas. On the ITS property, ground magnetic and resistivity surveys have been commenced on approximately 25 airborne magnetic targets to prioritize them for drilling. Drilling is expected to begin in April and May. On the Fafner property, an airborne magnetic survey has been flown and an interpretation of this survey is expected shortly. Targets from this interpretation will then be integrated with seismic data where possible to prioritize targets for drilling. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com