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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO) -- Ignore unavailable to you. Want to Upgrade?

To: griz who wrote (224)	3/10/1999 6:27:00 PM
From: Jesse	Read Replies (1) \| Respond to of 407

NEWS: New Blue Ribbon receives Cox drilling results New Blue Ribbon Resources Ltd NBL Shares issued 4,550,568 Mar 8 close $0.22 Wed 10 Mar 99 News Release Mr. Larry Kryska reports New Blue Ribbon has received an exploration update from its joint venture partner, New Claymore Resources, which is earning a 50 per cent interest in the Cox property. On the Cox prospect, which is on the north margin of Swan Hills and south of Lesser Slave Lake, the company has just completed the core drilling of three widely spaced holes on the largest of six magnetic anomalies. All three holes encountered similar rocks: sediments, interfingered with sections of fine-grained altered volcanics. Due to the alteration it is not possible to identify the volcanics with any degree of certainty. They are possibly kimberlitic and various analytical procedures are under way to determine their probable source. Core is presently being logged and split sections will be shipped early next week to the laboratory of Kennecott Canada Explorations Ltd. in Thunder Bay, Ont. for diamond analysis by caustic fusion. If positive results are obtained from the caustic fusion analysis, additional drilling will be undertaken starting in late May. The Cox prospect is optioned from New Blue Ribbon Resources Ltd. Terraquest has completed the acromagnetic survey of the Kimberly/Manon prospect which covers 270,000 acres surrounding the Mountain Lake kimberlite. Final airborne data should be received in about one week. These data will be analyzed in Edmonton with anomalous features to be examined in the field in mid-April. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com