To: Ed Pakstas who wrote (1501 ) 4/7/1998 8:45:00 AM From: Winer Read Replies (1) | Respond to of 2505
IT'S ALIVE!!!!!!!!!! Here's the unedited version (might be the same but on some occasions is different than Canjex releases):News Release Transmitted by Canadian Corporate News For: Cartaway Resources Corporation ASE Symbol: CWA April 6, 1998 Cartaway Resources Ground Geophysics Program Underway Vancouver, British Columbia -- Cartaway Resources Corporation ("CWA") is pleased to announce that a magnetic and large loop, time domain electromagnetic (PEM) survey is underway on the SVB-1 property (Block BRE, Map Staked License 3307M) located 7 kilometers south of the Donner/Northern Abitibi discovery where drilling returned 1.13 percent Ni, 0.78 percent Cu and 0.20 percent Co over a core length of 15.7 meters. International CanAlaska Resources Inc. has an option to earn a 50 percent interest in the property by expending the next $500,000 on exploration and must complete a $100,000 geophysical program by April 30th, 1998. Cartaway is supervising the geophysics. The PEM survey will evaluate two magnetic conductors located by a helicopter borne magnetic-electromagnetic survey flown over the property by High-Sense Geophysical Limited in 1995. Both conductors occur in the northeast corner of the property. One of the conductors occurs beneath Pants Lake, is 700 meters long and is overlain by weakly conductive lake bottom sediments. It will be surveyed first to allow sufficient time to test it this winter if the PEM results warrant drilling. A second conductor occurs along the north boundary with a Donner/NDT owned license. It has been traced over a strike length of 2 kilometers and is consistent with an olivine-gabbro unit. The contact between the olivine-gabbro and gneisses is obscured by talus and samples of disseminated and fracture controlled sulphides from the lower part of the olivine-gabbro returned a maximum 0.27 percent Ni, 0.32 percent Cu and 0.05 percent Co. For further information please contact Sterling Pacific Capital Inc. toll free at 1-800-663-0510 or locally at 604-669-2701. We may also be reached by fax at 604-687-1405 or email to spc@helix.net or visit our web site at www.sterlingpac.com/cartaway. On behalf of the Board of Directors: Walter Nash Vice President - Exploration FOR FURTHER INFORMATION PLEASE CONTACT: Sterling Pacific Capital Inc. (604) 669-2701 or 1-800-663-0510 (604) 687-1405 (FAX) email spc@helix.netsterlingpac.com The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.