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Gold/Mining/Energy : Cypress Min. (CYP.V) Diamond Fields clone? -- Ignore unavailable to you. Want to Upgrade?


To: 4TNiner who wrote (531)4/9/1999 1:12:00 AM
From: Marek  Read Replies (1) | Respond to of 595
 
I guess this is it for this property in the nearest future.
Lets hope we get more positive news from Lac Rocher and SVB.

Cypress Minerals Corp CYP
Shares issued 19,956,571 Apr 5 close $0.12
Tue 6 Apr 99 News Release
See ITL Capital Corporation (ICL) News Release
Mr. Donald Huston and Mr. David Duval report
As of April 6, 1999, diamond drilling has been suspended on ITL Capital and
Cypress Minerals' Durham-McEwen gold project at Red Lake, Ont. The
companies' drill contractor, Heath & Sherwood Drilling, has advised
management that due to mechanical difficulties at hole 98-1, the company
recommends suspending diamond drilling at this time in order to ascertain a
viable method of completing the remaining footage. The hole is currently at
a vertical depth of 5,940 feet.
The Durham-McEwen gold property adjoins the high-grade Goldcorp discovery
to the east and falls under an option agreement with Rupert Resources.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com