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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (2213)	7/2/1998 3:50:00 PM
From: violetta martinez	Read Replies (1) \| Respond to of 4256

Here it is... Montello Resources Ltd - Airborne magnetic survey complete at Legend block Montello Resources Ltd MEO Shares issued 35,719,337 1998-06-30 close $0.28 Thursday Jul 2 1998 Also Redwood Resources Inc (RDW) Mr. Patrick Power reports The company has completed an airborne magnetic survey of the approximately 1.5 million acre Legend block (70 per cent MEO and 30 per cent Redwood Resources). The Legend block is approximately 50 kilometres east of the AEC, ACA, and PUG discovery block. This first phase of data has been analyzed and is presently being followed up with ground magnetics on anomalies identified in the airborne survey. At the conclusion of the survey, targets will be identified to be drill tested this summer. The company has also flown an airborne magnetic survey over known kimberlites in the area which has aided in the re-evaluation of the airborne survey conducted on the Jazz block (70 per cent MEO and 30 per cent Redwood resources). With this new modelling information 13 targets have been identified as being kimberlitic in nature. Six of these targets have had ground geophysical programs carried out on them. Drill testing of these targets is planned in late summer to early fall. Kenneth Davies has resigned effective immediately as a consultant to the company. (c) Copyright 1998 Canjex Publishing Ltd.