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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (948)	7/8/1998 4:22:00 PM
From: gtr	Read Replies (1) \| Respond to of 3380

Correct me if I am wrong but isn't it going to be a 2 phase program. The second phase is going to be the drill program. I believe that the entire budget is $1,000,000, which would mean that LAB would have to come up with another $200,000 as their share, on top of the original $300,000, being 50% owner. GTR

To: 1king who wrote (948)	7/8/1998 4:31:00 PM
From: the Chief	Read Replies (1) \| Respond to of 3380

Re-interpretation of data from Adlatok 2 property Labrador International Mining Ltd LAB Shares issued 10,561,308 Jul 7 close $0.18 Wed 8 Jul 98 News Release Mr. Eugene Larabie reports Labrador International Mining, on behalf of the Labrador Nickel Syndicate, is releasing a significant re-interpretation of data from the LNS Adlatok 2 property, in South Voisey's Bay, Labrador. While assessing the progress of the South Voisey's Bay LNS phase 1 geological and geophysical program contracted to Donner Minerals, the LNS consulting geologist made a detailed re-examination of core obtained in 1996 (hole LNS 96-06). This was undertaken in conjunction with geologists of Teck Exploration, contractors to Donner Minerals. The conclusion was reached that there are two gabbro sills on the Adlatok River 2 property, based on geological insights and core examination. The second gabbro sill is comparable to the lower gabbro sill found elsewhere in the South Voisey's Bay area. Thickness of the gabbro sill may be over 200m; the basal zone has not been seen or tested in any drilling. Results and interpretations of the continuing geophysical program on the LNS Adlatok properties will be released as available. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com