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Gold/Mining/Energy : INTERNATIONAL TAURUS RESOURCES INC. (ITS:VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Frank Devereux who wrote (89)2/8/1999 1:11:00 PM
From: Chuck Rubin  Read Replies (1) | Respond to of 123
 
****************NEWS RELEASE*********************

Drill program to target high grade copper in Nevada

International Taurus Resources Inc ITS
Shares issued 28,530,403 Feb 5 close $0.34
Mon 8 Feb 99 News Release
Mr. Robert Blakestad reports
Drilling has started on the Lyon copper-magnetite-gold project in Nevada.
The initial 1,500 metre program is targeted to expand a high-grade resource
of 12.1 million tons grading 3.41 per cent copper that was previously
identified by Cyprus Metals Exploration Corporation, a subsidiary of Cyprus
Amax Minerals Company.
The first program is designed to expand the Northwest deposit, which
contains a resource of 3.0 million tons grading 3.45 per cent copper and
where previous drilling by USX Corporation intersected 173 feet of 4.54 per
cent copper in one hole and 58 feet grading 4.98 per cent in an adjacent
hole. The goal is to define a high-grade starter deposit that will justify
early development and be the basis for a low-cost operation.
The company believes that the Lyon project is one of the best undeveloped
copper properties in North America. The company continues to evaluate the
inclusion of a venture partner at Lyon that will contribute development and
operating expertise to advance the project as quickly as possible.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com