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Gold/Mining/Energy : IKI - International Kirkland Minerals Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Rocky510 who wrote (13)	5/5/1999 10:51:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 22

FOR: INTERNATIONAL KIRKLAND MINERALS INC. VSE SYMBOL: IKI MAY 5, 1999 International Kirkland Minerals Inc. - News Release Stock Options and B Warrants at $0.40; 545,000 Shares Issued: 5,288,001 Stock Options at $0.67; 170,000 Shares Authorized: 100,000,000 TORONTO, ONTARIO-- - Drilling to commence on Huskies Property both for Cu-Ni deposits and Kimberlites. - No significant assays from initial round of drilling on Foreurs Property. International Kirkland Minerals Inc. ("IKI" / the "Company") is pleased to report that ground geophysical surveys are now complete and that drilling is slated to commence on the 100 percent owned Huskies Property ("Huskies") located in northwestern Quebec, 18km east of the Nuinsco Resources Limited ("Nuinsco") discovery. Bushman Resources Inc. ("Bushman") has an option to earn a 50 percent interest in Huskies by paying IKI $35,000 cash, issuing 100,000 common shares of Bushman and incurring $325,000 in exploration expenditures over the next two years. All cash and share payments have been made along with $125,000 in exploration payments. Huskies encompasses two prominent airborne magnetic anomalies in basement granitic gneisses to the south of the Troilus Volcanosedimentary Belt. One of the two airborne magnetic anomalies is very similar in size, shape and amplitude to that from the Nuinsco gabbroic intrusive body. Recently completed detailed ground geophysical surveys (Induced Polarization ("IP"), magnetics) suggest that there may be as many as six individual magnetic bodies, some with variably coincident IP anomalous zones. Three of these magnetic bodies are distinctly circular in form and at least one represents a high priority kimberlite target. An initial and minimum program of 1000m of drilling in 6 holes is proposed to test priority targets consisting of both Nuinsco-type magmatic Cu-Ni sulphide and kimberlite diatreme models. Drill mobilization will commence on Friday, May 7, 1999. In addition, the Company reports the initial Phase I diamond drill program is complete on the Foreurs Property ("Foreurs") in the Lac Rocher area of northwestern Quebec. Foreurs is contiguous to the southern border of Nuinsco's Lac Rocher property where a Cu-Ni discovery was reported in early 1999. The Company can earn a 50 percent interest in the 15 claim (~600 acre) property from Dumont Nickel Inc. pursuant to terms outlined in the Company's news release of February 9, 1999. A total of 745m of BQ core drilling was completed in five holes to a vertical depth of approximately 80m. This initial shallow drilling was carried out by Bradley Brothers Ltd. and fieldwork was supervised by Anglaumaque Explorations Inc. of Val-d'Or, Quebec. The drilling targeted near surface IP and magnetic anomalies outlined in the Company's News Release of April 20th, 1999. Based on the drill results, the geophysical anomalies were caused by zones of disseminated to stringer pyrite and/or pyrrhotite up to 10m in width in gneisses, amphibolites and fractured granitic dikes. There were no analytical results of economic significance for Cu, Ni, Au, Ag, or Zn in a total of 50 samples from the mineralized zones. Analytical work carried out by Intertek Laboratories of Val-d'Or utilized standard atomic absorption techniques. Foreurs is strategically located with respect to the Nuinsco discovery. Based on extensive reported Nuinsco drilling, some of which is within 400m northeast of Foreurs, the program at Foreurs will now focus on the possibility that a feeder system or other component of the Nuinsco host gabbro may exist at depth in the north portion of Foreurs. To follow-up structures or zones which may extend onto Foreurs, the Company plans to review existing geophysical data and schedule deep penetration time domain EM surveys to identify additional, deeper drill targets on or near Nuinsco's southern border. On behalf of the Board, Dan M. Clark, President, Tel. (416) 597-1480; Fax. (416) 597-1479, Website. www.internationalkirkland.com -30-