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


To: Famularo who wrote (587)4/30/1998 2:05:00 PM
From: Famularo  Respond to of 822
 
Mustang property drill program to continue

International Butec Industries Corp IB
Shares issued 14,227,436 Apr 29 close $0.15
Thu 30 Apr 98 News Release
Also Columbia Yukon Resources Ltd (CYR)
Mr. Gerry Runolfson reports
The Alberta Public Lands Department has given approval to International
Butec and its joint venture partner Columbia Yukon (the operator), for the
continuance of the Mustang property drill program.
Drill crews are mobilizing to the project site and it is expected that
diamond drilling will start on a number of anomalous targets in the central
and southwestern region that have been identified in two cluster groups.
The program is designed to test for the presence of diamond bearing
kimberlitic structures as evidenced by the continuing success of
Ashton/Pure Gold/Alberta Energy's Buffalo Head discovery 36 miles to the
northeast.