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

To: Bruce Lock who wrote (530)	4/1/1998 1:05:00 PM
From: Famularo	Respond to of 822

Is that insider information? Careful? Just kidding.. Something is up, the stock picked up volume. The cell phones are probably ringing...

To: Bruce Lock who wrote (530)	4/1/1998 1:47:00 PM
From: Famularo	Respond to of 822

Lethbridge kimberlite follow-up under way Pure Gold Minerals Inc PUG Shares issued 26,379,471 Mar 31 close $0.95 Wed 1 Apr 98 News Release Also Reclamation Management Ltd (RMLL) Also Caribgold Resources Inc (CG) Mr Nelson Baker and Paul Zyla report Field work has now begun to evaluate 59 magnetic anomalies that are interpreted to be distinct signatures typical of those expressed by kimberlite bodies. All of the above magnetic anomalies appear to be associated with cross faulting proximal to the Sweetgrass Arch which essentially bisects the Archean Hearne Craton. Pure Gold (75%) and Reclamation Management (25%) originally staked the Lethbridge property following research which concluded that the area had similar diamond potential as the Buffalo Hills regions in northern Alberta. Excellent diamond indicators, alluvial diamonds with local ultramafic intrusive bodies proximal to the Sweetgrass Arch cutting a stable craton provided clues that the Lethbridge property offered excellent exploration potential. No serious for diamonds has ever taken place in this area. Each magnetic signature defined from the HRAM survey is being field checked to verify that the targets have no cultural characteristics. Postage stamp ground magnetic surveys will be conducted over the non-cultural targets prior to drill testing. As a first option, CaribGold can earn a 25% undivided interest pro rata from Pure Gold and Reclamation. To exercise its option, CaribGold has made a cash payment of $125,000 on signing and will make another payment of $125,000 before the first anniversary of the agreement and spend $1,000,000 on exploration expenditures within the first two years of the option. A minimum of $500,000 is to be expended within the first six months. By spending an additional $2,000,000 by the fourth anniversary of the agreement and issuing 100,000 shares CaribGold can earn an additional 15% interest in the property.