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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (3509)	3/2/1999 7:00:00 AM
From: Sapper	Read Replies (1) \| Respond to of 3650

NR: Cross Lake to begin Sheraton-Timmins drilling in March Cross Lake Minerals Ltd CRN Shares issued 31,877,109 Feb 26 close $0.41 Mon 1 Mar 99 News Release Ms. Kristina Kalmet reports The first phase of 1999 diamond drilling on the company's 100-per-cent-held Sheraton-Timmins property, near Timmins, Ont. is expected to commence by mid-March 1999. Since the last program, the company has conducted a detailed geological compilation of the 73 holes drilled on the property. A complete analysis and interpretation of whole rock data and various geophysical surveys, consisting of induced polarization, magnetometer, surface and bore hole pulse electromagnetic and mise-a-la-masse, have also been conducted. Results have confirmed that the felsic volcanic pile is thickening, the alteration is intensifying and widening and the pulse EM anomalies are strengthening at depth. Several high-priority drill targets have been identified and a 2,000-metre drill program is planned. The program will test these targets and follow the down plunge extension of the high-grade zinc-silver mineralization in holes CLS 97-16, CLS 98-49 and CLS 98-63. The company is optimistic that the next program will further enhance the potential for discovery of a significant volcanogenic massive sulphide deposit. The company has also been advised by Echo Bay Mines that drilling has commenced on the Currie Bowman property in an area approximately nine kilometres northeast of the Sheraton-Timmins property. Echo Bay, which has an option to acquire Falconbridge Limited's 60 per cent interest in the Currie Bowman property (the company holding the remaining 40 per cent), is completing an induced polarization survey and has identified a number of attractive drill targets. A program of five or six holes totalling 1,200 metres to 1,500 metres is planned. Cross Lake Minerals continues to seek joint venture participation on some of its 26 properties, ranging from grassroots to drill ready, and to regularly evaluate new projects for possible acquisition. The company's main efforts continue to be on the Sheraton-Timmins property. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Just G who wrote (3509)	3/8/1999 5:00:00 PM
From: Flea	Read Replies (2) \| Respond to of 3650

Cross Lake arranges 555,556-share private placement Cross Lake Minerals Ltd CRN Shares issued 31,877,109 1999-03-05 close $0.45 Monday Mar 8 1999 Ms. Kristina Kalmet reports A private placement of up to 555,556 flow through common shares at 45 cents has been arranged. The company intends to use the proceeds to finance work on its Sheraton-Timmins property in Ontario and on other Canadian properties. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com