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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM) -- Ignore unavailable to you. Want to Upgrade?

To: MrsNose who wrote (486)	10/13/1998 9:01:00 PM
From: Buckey	Read Replies (1) \| Respond to of 536

It is a NR just out before close Adlatok River 2 property to be drilled shortly Pallaum Minerals Ltd PLM Shares issued 11,624,408 Oct 9 close $0.25 Tue 13 Oct 98 News Release See Labrador International Mining Ltd (LAB) News Release Mr. Eugene Larabie reports The Labrador Nickel Syndicate will drill the Adlatok River 2 property shortly. Work to date, including detailed geological mapping, gravity survey and exploratory drilling, has revealed the presence of a second gabbro sill underlying a significant gravity high. At present, a targeted PEM survey is being conducted to finalize drill targets. The Adlatok River 2 property has the potential to host a Voisey's Bay style deposit due to the following attributes: a favourable geological setting, nickel-copper-cobalt mineralization on surface, leopard textured troctolite in 1996 drill core, and narrow massive sulphide intersections in previous drilling. Interpretation of the 1996 drill program suggests a major fault system through the property extending to the adjacent suture zone. The Labrador Nickel Syndicate is comprised of Labrador International Mining (50 per cent), Pallaum Minerals (25 per cent), and GlobeNet Minerals (25 per cent). (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com