Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Peter G. Mackey who wrote (666)	5/7/1998 2:44:00 PM
From: alan von weiler	Read Replies (1) \| Respond to of 891

International Canalaska Resources Ltd - News Release SVB-1 survey results International Canalaska Resources Ltd ICA Shares issued 18,882,794 May 5 close $0.41 Wed 6 May 98 News Release See Cartaway Resources Corporation (CWA) News Release Mr. Walter Nash reports Cartaway has completed a ground magnetic and large loop, time domain electromagnetic survey on the SVB-1 property (block BR-E, map staked licence 3307M) which is under option to International CanAlaska Resources. ICA has the right to earn a 50 per cent interest in the property by expending $500,000 on exploration. ICA is the operator and Cartaway is supervising the PEM geophysical survey. The PEM survey was completed by Crone Geophysics and Exploration of Mississauga, Ontario, and the magnetic survey by Cartaway personnel. Crone reported that there are six conductors, one lying under Pants Lake and five in a discontinuous zone associated with an olivine gabbro sill along the northern boundary with a Donner/NDT licence. Anomaly A under Pants Lake is a minimum of 700 metres long, 300 metres wide, strikes 150 ft and dips approximately 10 ft to the northeast. It is open to the northwest, associated with a well defined 400 nT magnetic anomaly and has a conductivity thickness product of 65 mhos. The five anomalies along the north boundary correlate with the olivine gabbro near its contact with the gneiss. They strike 90 degrees and are magnetic. The contact between the olivine-gabbro and gneiss is obscured by talus and grab samples of disseminated and fracture controlled sulphides from the lower pan of the olivine-gabbro above the contact returned a maximum 0.27 per cent Ni, 0.32 per cent Cu and 0.05 per cent Co. The most prominent anomaly (anomaly D) is 700 metres long, 200 metres wide, flat lying or shallow dipping, has a conductivity thickness product of greater than 100 mhos and is within 50 metres of the surface. International CanAlaska will supervise the next work phase. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com