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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Stockbull who wrote (5260)	2/18/1999 12:22:00 PM
From: Ron	Read Replies (1) \| Respond to of 5908

Web site update: First Hole Expected Complete On Saturday February 18, 1999 - We have pulled core to more than half the planned distance of 300 meters by Tuesday night. Excellent visible gold was seen at the 10 to 15 meter range as that is Vein 27. 4mm and larger bits of gold can be seen on the quartz portion of the core. The quartz zone splits into three veins providing over 3 meters of pay zone. Further down hole we have had numerous small quartz veins, the kind we hoped for and have a multitude of 1mm to 4mm veins of sulfides. The results of these core sections will be of the utmost interest to us. Due to time constraints preparing for the PDAC, we have decided to end the hole at whatever the total depth will be on Saturday. Move the rig on Sunday and spud the second hole on Monday. Doug Boddy will take selected core to the government shop on Monday for diamond saw splitting. This will take most of the week to complete. He intends to select at least 65 meters of core to be run immediately. At this point in the process government people will oversee the splitting and the labeling of sacks that will contain each sample. A sample will generally have 50cm (20-inches) of core length in each serialized double sacked plastic bag. These procedures are designed to give accurate, unadulterated results. While Doug is splitting core and having it run for assay we will have a graduate geologist on site from St. Francis Xavier University to perform logging of the core from hole number 2. David Dowe has spent three summers working before graduation in the field for Noranda and now resides local to our site. His wife, Loretta is graduating St. FX this year as a geologist too and they plan to do graduate studies next year in Ohio. The core will be run at TUNS using the atomic absorption method. Our contact with TUNS yielded good news in that they are prepared to run the samples when delivered. We had some concern as to availability as others are also rushing to meet and show at PDAC in Toronto, mid-March. First Chair Geology Professor, Dr. Alan J. Anderson is organizing some of his second year students to come to Isaac's Harbour this summer for various on-site study and work experience. Doug Boddy will utilize the manpower for certain preparation work. These students will work for the company on a paid basis. We are exploring the co-op program which the government subsidizes. Government geologist inspected the site Wednesday and commended us on our clean, well kept site and operation. Our driller is doing an excellent job of regulatory compliance. The geologist expressed great interest in our findings and made some suggestions for further exploration on our claims.