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

To: Famularo who wrote (2639)	10/20/1998 4:05:00 PM
From: Famularo	Respond to of 4256

CONFIRMED! Just posted on StockHouse by Lou Paquette, editor of EGS has confirmed my rumour of earlier today... A release just went out, they have struck Kimberlite at the the 136 meter level through to 193 where the hole was terminated on the "Dragon" target. They are 3 fo 3 now. The drill has now moved on to the "Wyvern" target which is right down in the south west corner of the Legend block. This target has very large dimenssions, I have seen the anomaly and to me it looks like two anomalies/possible pipes joined by a possible kimberlite flow. It is also thought to be a fair bit shallower than the Dragon target (around 70 meters?). FYI - the current issue which is going out a bit later this week will have a rough sketch of where all the targets are, so it will be easier to keep track of this as we progress. This is exciting. Why this Dragon pipe is deep, keep in mind there are shallower ones, and it is a significant find because Kennecott was kind of experimenting here, drilling a different kind of magnetic anomaly (ie: mag low) than the first two. I would think this opens up the potential for many more pipes. Nice going Montello and Kennecott!