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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (18700)	4/28/1999 9:15:00 PM
From: Gord Bolton	Read Replies (2) \| Respond to of 26850

Old news for review "NEWS RELEASE June 18, 1997 ITL Capital and Riley Resources are pleased to announce the signing of a Prospecting Agreement with Archon Minerals Limited. The Prospecting Agreement includes an exploration commitment for the companies' CJ Property, located 350 kilometres northeast of Yellowknife, NWT. Under the terms of the one year agreement, Archon president, Dr. Stewart Blusson will implement a comprehensive review of all exploration work completed to date on the 91 claim property. Follow up work will include a detailed airborne survey of the CJ Claim Group, utilizing a helicopter-mounted probe magnetometer system. The work program will be funded by Archon and is expected to begin in early July. Archon will have the right to earn a 25% interest in all kimberlite occurrences that it discovers on the CJ property. Airborne targets defined by Dr. Blusson's innovative geophysical technique will be tested with a portable drilling rig to confirm their identity as potentially diamond-bearing kimberlites." This property is actually quite advanced and has had a lot of work done on it already. What remains to be seen is what is under the bay! I don't think that they have ever had a winter program which included drilling from the ice.