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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Koppenhofer who wrote (924)	2/4/1999 11:36:00 AM
From: ali	Read Replies (1) \| Respond to of 4269

CALGARY, Feb. 4 /CNW/ - FLAG RESOURCES (1985) LIMITED IS COMMENCING TO DRILL THE LARGE ZONE OF MINERALIZATION, INDICATED TO EXIST, FROM GEOCHEMICAL SAMPLING OF THE GABBRO ROCK, ONE MILE SOUTH OF THE RATHBUN LAKE OCCURRENCE, IN THE WANAPITEI NIPISSING GABBRO INTRUSION, SUDBURY, ONTARIO. ''Flag owns the major portion of the Wanapitei Gabbro Intrusion, extending for 6 miles in Rathbun Township, including the Rathbun Occurrence, containing some of the highest known abundance of platinum and palladium associated with mafic rocks. Because of the strong commercial demand for palladium, and because of a recent study of Nipissing gabbro stating that geochemical sampling of the gabbro rock is an effective exploration tool, as the study says it is well documented that mineralization is associated with high magnesium and low titanium content, Flag is accelerating its exploration of the sparsely explored Wanapitei Gabbro Intrusion. Flag is proposing, in addition to the current drill program, to geochemically sample exposed bedrock in surface showings, one and a half miles east and three miles south of the Rathbun Lake Occurrence. The surface showings have the same suite of six minerals as the Rathbun Lake Occurrence - platinum, palladium, nickel, copper, gold and silver. Golden Briar Mines Limited, an associated company, can earn a 50% interest in the claims currently being drilled by spending $400,000.00 over a four year period.'' The Alberta Stock Exchange has neither approved nor disapproved the contents herein.