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 : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (11050)	6/2/1998 11:04:00 AM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / Brownstone to drill in Michigan BROWNSTONE RESOURCES INC. - DRILLING ON SECOND WELL IN SOUTHERN MICHIGAN PROJECT SCHEDULED FOR FIRST WEEK IN JUNE TORONTO, June 2 /CNW/ - Brownstone Resources Inc. (''Brownstone'') wishes to announce the drilling of two additional Michigan exploratory oil and gas wells. Drilling is expected to start June 4th and will be at zero ''dry hole cost'' to Brownstone in exchange for a dilution of 55% in Brownstone's interest in the prospects. The first well, Greenburg I-6, is located in Macomb County. The target is a seismically defined medium to large sized Niagran Reef at a depth of approximately 3400 feet. If successful, we anticipate that at least two additional wells will be drilled within the next 10 months. After the Greenburg I-6, the rig will move to the Osterland 18 location in St. Clair County and drill a directional well to test new recently obtained seismic data on the previously drilled prospect. Target depth is 2700 feet and, if successful, we anticipate drilling at least one more well within the next year. The first well should reach target depth by June 15th and the second by month end. Brownstone retains an approximate 10% interest in each prospect. Brownstone Resources Inc. holds interests in mineral properties and oil and gas exploration. Brownstone has 11,867,005 common shares issued and outstanding. Brownstone's common shares trade over the counter with trades reported on the Canadian Dealing Network under the symbol ''BWNI''. -30- For further information: contact Sheldon Inwentash, President at (416) 941-1087. Inquiries by fax to (416) 941-1090