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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (690)	11/7/1998 9:05:00 AM
From: nokomis	Respond to of 773

Just listened to 680 Radio's interview with author of "The Big Score", (Jackie McNeish?)...anyone read it? She talked about Frank Merch's role and others in Diamond Fields purchase of 50 cent stock anda reiterated how these plays are very much an "insiders' game"...oh oh.

To: Flea who wrote (690)	11/9/1998 10:46:00 AM
From: Buckey	Read Replies (1) \| Respond to of 773

Do Not go mortgage the farm just yet but things are looking up on NAI - Bids are building - maybe nothing

To: Flea who wrote (690)	1/20/1999 3:47:00 PM
From: wayne cath	Respond to of 773

Northern Abitibi and Beaufield to begin Siscoe drilling Northern Abitibi Mining Corp NAI Shares issued 27,755,028 Jan 19 close $0.13 Wed 20 Jan 99 News Release Also Beaufield Consolidated Resources Inc (BFD) Mr. Glen Harper and Mr. Jens Hansen report Northern Abitibi Mining Corp. (50 per cent) and Beaufield Consolidated Resources Inc. (operator; 50 per cent option to earn) will be drilling the Siscoe property (formerly known as Roy property) in the coming weeks. Phase 1 of the drilling program proposed by Beaufield will consist of four diamond drill holes totalling 1,200 metres. Phase 2, which will be drilled immediately following the first phase of drilling, consists of an additional five holes for a total of 2,500 metres, contingent upon encouraging phase 1 results. The actual drilling schedule will be determined by ice conditions on De Montigny Lake. Ice is normally thick enough to support a large drill by mid-February. The Siscoe property is one of the highest priority gold properties in the prolific Val D'Or camp as it hosts features that have been associated with gold production in that area in the past. The property infrastructure is outstanding with the Kiena, a producing gold mine, less than four kilometres away and past producers, including the Siscoe and Sullivan mines close by. The property consists of 20 claims which are located between the Siscoe and Sullivan mines, both past producers with recorded production in excess of 1 million ounces of gold as well as some silver values. A geophysical survey was recently flown over an area of 16 square kilometres to map the geophysical characteristics of the rocks underlying the property and the neighboring mines. The 156 line kilometre survey was flown by Dighem of Toronto at 100-metre spacing between flight lines. By including both past producing mines in the survey, the geophysical characteristics and settings of the known mineralization to the east and west of the property were identified and similar geophysical signatures on the property have now been prioritized for further testing, including drilling. The gold-bearing intrusive stock that hosted the bulk of the mineralization at the Siscoe mine to the west is a distinctive positive magnetic anomaly. At least five similar anomalies have been identified on the Siscoe property. One of these anomalies appears to be cut by the K-Zone, a shear zone which is considered to have been a key feature in the emplacement of ore-grade mineralization at both the Siscoe and Sullivan mines. The K-zone has been identified by the geophysical survey and is interpreted to extend across the Siscoe claims. A new orebody, the Wesdome, is located on the same structure 2.5 kilometres to the west and is currently being developed by River Gold Mines Ltd. Other fault zones have been identified both parallel to and perpendicular to the K-zone on the property. One of the proposed holes will target the positive magnetic anomaly which is similar to the Siscoe intrusion where it is cut by the K-zone. The remaining holes will test faults and other positive magnetic anomalies in the volcanic rocks which are interpreted to underlie the property and are the hosts of other known deposits such as the Kiena and Shawkey gold deposits and the Callahan prospect of the Val d'Or area. The estimated total expenditure to date on the property by Beaufield is $10,000. The estimated drilling costs for the first phase of drilling scheduled for this winter will be $75,000. Beaufield, the operator, holds the property pursuant to an option and joint venture agreement whereby Beaufield will finance $110,000 in exploration and issue 200,000 of its common shares to Northern Abitibi in order to earn a 50 per cent interest in the claims. Further exploration will then be financed equally by Beaufield and Northern Abitibi. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com