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Gold/Mining/Energy : MINK MINERAL RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Jim Andrews who wrote (401)	4/23/1998 3:18:00 PM
From: Joe King	Respond to of 637

23 April 1998 TWENTY NINTH KIMBERLITE FOUND BY DRILLING Mink International is pleased to announce another new kimberlite discovery in its Kenieba Diamond Project, the fifth made by the Company since exploration was resumed in the Property last month. O. L. de la Cuesta, Mink's President, who is now in the project site with Dr. Peter Gregory, Ashton Mining's Manager of Exploration for Northern Africa, relayed the following information: ''The new pipe was intersected by diamond drilling just fourteen (14) meters below the surface. This brings the total discovered kimberlites in the Property to twenty nine (29) -- ten (10) of which have not yet been bulk sampled. This latest discovery is located in the headwaters of the Doundi River which contains a discontinuous train of alluvial diamonds (ranging from <1 to 232 carats) for 8km downstream from the new discovery. The new pipe is named SOUNKOROU -- meaning ''the source'' in Malengke, the local dialect of the area." "Based on a ground magnetometer survey, the Sounkorou Pipe appears to be about three hectares in surface area, (viz: 250m EW axis x 130m NS axis). Drilling of the pipe will continue to an approximate depth of 100m to obtain a minimum 500 kg mini-bulk sample. After the requisite logging, the drill core will be air freighted to Ashton's Perth Laboratory for analysis." ''The Kassama Pipe 500 kg sample has now been received by Ashton who started a series of tests on it. Initial results are expected shortly." ''Four new ground magnetometer anomalies have been identified by Bernard Rowe, Mink International's Diamond Consultant on site. Drill pads have already been prepared on each of them so that the respective targets can be drilled without undue delay. Drill testing of two other targets that were stopped without explaining the cause of the respective anomalies are to be re-investigated with inclined holes at a later date.'' ON BEHALF OF THE COMPANY Deanne H. Williams Director