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Gold/Mining/Energy : Cartaway resources -- Ignore unavailable to you. Want to Upgrade?

To: wayne cath who wrote (1523)	4/9/1998 12:18:00 AM
From: Ed Pakstas	Respond to of 2505

Was just going over the last CWA NR... The bolded area may be the reason for the current activity in the share price... Cartaway Resources Corporation - Geophysics program under way Cartaway Resources Corporation CWA Shares issued 37402393 1998-04-06 close $0.145 Monday Apr 6 1998 Also International Canalaska Resources Ltd (ICA) Mr Walter Nash reports A magnetic and large loop, time domain electromagnetic survey is under way on the SVB-1 property (block BRE, map staked licence 3307M) 7km south of the Donner/Northern Abitibi discovery where drilling returned 1.13% Ni, 0.78% Cu and 0.20% Co over a core length of 15.7m. International CanAlaska Resources has an option to earn a 50% interest in the property by expending the next $500,000 on exploration and must complete a $100,000 geophysical program by April 30 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 Ltd in 1995. Both conductors occur in the northeast corner of the property. One of the conductors occurs beneath Pants Lake, is 700m 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 licence. It has been traced over a strike length of 2km 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% Ni, 0.32% Cu and 0.05% Co. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)