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

To: Just G who wrote (20)	6/15/1999 6:40:00 PM
From: Rocky510	Read Replies (1) \| Respond to of 22

Int'l Kirkland and Bushman complete drilling on the Huskies International Kirkland Minerals Inc IKI Shares issued 5,288,001 Jun 15 close $0.40 Tue 15 Jun 99 News Release Also Bushman Resources Inc (BHM) Mr. Dan Clark reports Diamond drilling is now complete on International Kirkland's 100-per-cent-owned Huskies property in Northwestern Quebec, 18 kilometres east of the Nuinsco Resources Limited discovery. Bushman Resources has an option to earn a 50 per cent interest in Huskies by paying Kirkland $35,000 cash, issuing 100,000 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. As outlined in the company's news release of May 6, 1999, Huskies encompasses two prominent airborne-magnetic anomalies in basement granitic gneisses to the south of the Troilus volcanosedimentary belt. One of the airborne magnetic anomalies is very similar in size, shape and amplitude relative to that from the Nuinsco gabbroic intrusive body. Recently completed ground geophysical surveys (induced-polarization magnetics) indicated the presence of six discrete, strong, elliptical to circular magnetic anomalies with variably coincident, moderate to strong IP anomalous zones. The present drilling comprised a total of 584 metres of BQ coring in three holes and was carried out by Kosy Drilling of Kirkland Lake, Ont., with the field work supervised by Anglaumaque Explorations Inc. of Val d'Or, Que. The first two holes with lengths of 200 metres each were targeted on strong, coincident magnetic-IP anomalies. Both intersected highly magnetic ultramafic rocks containing minor amounts of disseminated pyrrhotite in explanation of the geophysical responses. The third, 184-metre hole was targeted on an IP anomaly with no direct magnetic correlation. The hole intersected alternating gneisses and granitic rocks containing minor amounts of disseminated pyrrhotite in explanation of the anomalous IP response. There were no analytical results of potential economic interest in Au, Pt, Pd, Cu, Co or Ni in a total of 49 samples from the three holes. Analytical work was carried out by Intertek Testing Services of Val d'Or, Que., using standard atomic absorption techniques. No further work is planned on Huskies at this time. Kirkland continues to maintain its option on the Foreurs property in good standing given the strategic location of this ground immediately to the south of the Nuinsco discovery and in view of the continuing work program by Nuinsco near the common IKI-Nuinsco boundary. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com