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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (789)	3/10/1999 6:16:00 PM
From: Famularo	Read Replies (1) \| Respond to of 822

Unrelated to Alberta! Sanfred to farm out interest in Beniah Lake to Pure Gold Pure Gold Minerals Inc PUG Shares issued 32,124,033 Mar 9 close $0.165 Wed 10 Mar 99 News Release See Sanfred Resources Ltd (SND) News Release Mr. Michael McCormick reports Pure Gold Minerals has entered into an agreement with Sanfred Resources whereby Pure Gold can earn a 30 per cent interest in Sanfred's Beniah Lake property by spending $100,000 on exploration and issuing 100,000 shares. To earn an additional 20 per cent, Pure Gold may spend a further $100,000 and issue an additional 100,000 shares. The property is subject to a 3 per cent gross overriding royalty in favour of Sanfred and partners of which 1.5 per cent can be purchased for $1-million. The Beniah Lake property is contiguous to the Winspear Resources Camsell Lake and Hilltop properties. Pure Gold plans to begin a bulk heavy mineral till sampling program coincidental with an airborne magnetic-electromagnetic survey over developed areas of interest on the Beniah Lake project and will continue with a followup program on the ZL claims recently acquired from Cypango Ventures. Pure Gold's interest is subject to a regional Salve joint venture, whereby Pure Gold (24 per cent) and Ashton Mining of Canada (75 per cent) have a general agreement covering participation programs in the Slave province. Ashton has been informed of the venture and has the right to elect to participate.