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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (320)	4/9/1998 9:40:00 AM
From: Famularo	Respond to of 930

Field sampling results in South Saskatchewan Pure Gold Minerals Inc PUG Shares issued 26,379,471 Apr 8 close $0.97 Thu 9 Apr 98 News Release Also Caribgold Resources Inc (CG) Mr Donald Sheldon reports A total of six till samples collected from three separate areas of the South Saskatchewan project joint land holdings have returned unusually high indicator mineral counts. Of special importance to the joint venture, is that the indicator minerals collected displayed abrasion characteristics consistent with a proximal source. The samples were collected between April 4 and 7 by Pure Gold's staff using a No. 4 mesh screen and were processed at the Canamera Laboratories in North Vancouver. The following results were recorded from the lab: Wt Conc Wt Result Pyrope Eclog- Processed Unsorted Class itic (gms) (gms) Garnets Sample No. SS-02 15.31 116.67 Anomalous 1 0 Sample No. SS-04 1.73 89.18 Anomalous 6 0 Sample No. SS-05 11.54 49.48 Anomalous 18 0 Sample No. SS-06 6.92 22.49 Anomalous 8 0 Sample No. SS-08 1.66 28.96 Anomalous 45 0 Sample No. SS-09 2.71 21.18 Anomalous 53 0 Chrome Diopside Ilmenite Chromite Olivine Enstatite Sample No. SS-02 82 11 106 0 0 Sample No. SS-04 78 6 96 1 1 Sample No. SS-05 30 12 83 3 0 Sample No. SS-06 47 3 75 0 0 Sample No. SS-08 14 17 49 0 2 Sample No. SS-09 25 13 119 1 0 Note: The samples were only partially observed due to the fact that the lab discontinues sorting once a significant number of indicator minerals are recovered, and then proceeds directly to caustic fusion for identification of any diamonds that may be in the sample. The Saskatchewan project is a 50/50 joint venture with CaribGold Resources. Rights to purchase 3,356,000 units of the company, priced at $1.00 per unit, and consisting of one common share and one-half of one series D warrant expire at 4:30 pm Eastern Time on April 9 1998. Each full series D warrant will be transferable and exerciseable at $1.25 per common share until October 9 1998.

To: Ed Pakstas who wrote (320)	4/9/1998 12:26:00 PM
From: Famularo	Respond to of 930

Buffalo Hills JV with Monopros Troymin Resources Ltd TYR Shares issued 21,789,177 Apr 8 close $0.53 Thu 9 Apr 98 News Release Mr Jack McCleary reports Troymin is proposing to enter into a joint venture agreement with Monopros of Toronto, a wholly owned Canadian subsidiary of De Beers, the world's leading diamond producer. Pursuant to the terms of the proposed agreement, Monopros will have the right to earn up to a 60% interest in Troymin's Buffalo Hills diamond prospect in Northern Alberta. Troymin will also enter into a subscription agreement whereby Monopros will purchase by private placement 428,000 units, each unit consisting of one share and one warrant. Troymin's Buffalo Hills diamond prospect comprises five blocks of permits totalling 1.1 million acres on the Buffalo Head Craton which hosts Alberta's only diamondiferous kimberlite pipes. Since the initial discovery in early 1997, 23 kimberlite pipes have been reported by the Ashton group in an exploration program in this area. Pursuant to the terms of the proposed joint venture agreement, Monopros must incur a minimum expenditure of $5.5 million on a multi-staged exploration and development program by February 28 2002 to earn a 51% interest. Monopros will have the right to earn a further 4% interest by financing 100% of the initial $15 million of expenditures incurred which may include a full feasibility study. If Monopros arranges financing for Troymin's share of the costs of developing the first mine, the company can earn an additional 5% interest, resulting in ownership by Monopros of 60% and Troymin of 40% in the joint venture. The proposed subscription agreement will provide that Monopros will subscribe for 428,000 units of Troymin at $0.70, each unit consisting of one share and one warrant to purchase one additional share at $1.05 for two years. Monopros, as operator of the proposed joint venture, has advised Troymin that, based upon its initial due diligence review, it believes there are a number of geophysical targets which show kimberlite pipe-like characteristics on the properties. Field operations, including geophysical surveying, sampling and drilling are expected to be under way by early summer.