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Gold/Mining/Energy : International Canalaska (V.ICA) -- Ignore unavailable to you. Want to Upgrade?

To: bigjon who wrote (663)	4/15/1998 8:04:00 PM
From: Bruce Morgan	Read Replies (1) \| Respond to of 891

Subject: Stockwatch: International Canalaska Resources Ltd - News Release Date: Wed, 15 Apr 1998 14:39:53 -0700 From: newsout@canada-stockwatch.com To: bmorgan@v-wave.com SVB-1 geophysical program under way International Canalaska Resources Ltd ICA Shares issued 17,407,793 Apr 14 close $0.42 Wed 15 Apr 98 News Release Also Cartaway Resources Corporation (CWA) Mr Harry Barr reports CanAlaska has commenced a magnetic and large loop time domain electromagnetic survey on its optioned SVB-1 property in Labrador. CanAlaska may earn a 50% interest in the property from Cartaway Resources by completing the current $100,000 geophysical program and expending a total of $500,000 on exploration on the SVB-1 property. CanAlaska will assume operatorship of the project after the initial $100,000 has been spent. The SVB-1 property is 7km south of the Donner Minerals/Northern Abitibi discovery where drilling in 1997 returned an intersection of 15.7 metres grading 1.13% Ni, 0.87% Cu and 0.20% Co within a gabbro unit which extends on to the northern portion of the SVB-1 property. Donner and joint venture partners have budgeted $14.7 million for exploration of the region in 1998. Teck Corp, contractor for the current exploration program, has the right to earn a 50% interest in the Donner/Northern Abitibi property. The PEM survey of the SVB-1 property will evaluate two conductors with coincident magnetic response located by a 1995 helicopter-borne geophysical survey. Both conductors occur in the northeastern part of the property in proximity to the mineralized gabbro unit. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com