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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR) -- Ignore unavailable to you. Want to Upgrade?

To: Younger who wrote (601)	3/25/1998 12:40:00 PM
From: Don	Respond to of 686

NEWS:Columbia Yukon Resources Ltd - Gadsby property being acquired Columbia Yukon Resources Ltd CYRShares issued 20286888 1998-03-24 close $0.23 Wednesday Mar 25 1998 Mr Michael Gustavson reports Columbia Yukon has signed a letter of intent with W. Kizan and W. Christensen to acquire 100% interest in 710,000 acres (the Gadsby property) in Southeast Alberta. The acquisition will cost $40,000 and 300,000 shares of the company. The Gadsby property lies within a major regional gravity low that usually indicates a deep-seated craton. There is a scattering of diamond indicator minerals with a diamond occurrence in the area. The area exposed stratigraphy at Gadsby is younger than the Ashton kimberlite in the Peace River area, but is older than Mountain Lake and Lac de Gras kimberlite.