Altius Minerals' Rambler cuts 34.4 ft of 3.20% Cu

2006-05-31 08:52 ET - News Release

Mr. Brian Dalton reports

ALTIUS MINERALS CORPORATION: NEW HIGH GRADE DRILL INTERCEPTS FROM THE RAMBLER PROJECT

Rambler Metals and Mining PLC, a company in which Altius Minerals Corp. holds a 30-per-cent interest, has provided significant drill results from its Rambler project in Baie Verte, Newfoundland and Labrador.

New high-grade drill intercepts from the Rambler project

Highlights

* RM-06-04d returns 34.4 feet at 3.20 per cent copper;
* RM-06-04e returns 24.6 feet at 4.17 per cent copper plus 4.50 grams per tonne (g/t) gold and 57.1 feet at 3.18 per cent copper; and
* RM-06-03b returns 21.0 feet at 3.32 per cent copper and 36.1 feet at 2.42 per cent copper.

Rambler Metals and Mining PLC is pleased to report additional strong results from its phase II drilling program at the Rambler project in Newfoundland and Labrador, Canada. The current drilling is designed to delineate the Ming footwall zone (MFZ) at approximately 50-metre centres is using directional drilling techniques to complete offset holes from the previously drilled, widely spaced surface drill holes. Significantly, the results reported here are from a part of the MFZ that occurs in close proximity to existing underground mining infrastructure related to historic mining of the overlying Ming massive sulphide (MMS) deposit.

"The MFZ is emerging as a very robust zone of mineralization and the delineation drilling is quickly outlining a significant core volume of very good grade copper mineralization. The excellent intersection of thick copper and gold mineralization on the MMS is also exciting as it is located less than 100 metres beyond the limit of historic mining of this deposit," commented Rambler chairman Harry Dobson. "We look forward to additional delineation drill results as well as to starting the program of dewatering and underground rehabilitation."

Two drill rigs are currently operating on the property from set-ups on holes RM-04-03 and RM-04-04, which are separated by approximately 225 metres. The hole location map can be viewed at Rambler's website. The results from the offset holes are summarized below. Zones in each hole are listed consecutively and the intervening intervals represent sections of later intrusive rocks that are unmineralized or sections of mineralization grading less than 1 per cent copper.

Drill From To Length Length Cu Au
hole (metres) (metres) (metres) (feet) (%) (ppb) Zone

RM06-04d 889.85 894.80 4.95 16.20 2.17 2657 MMS
RM06-04d 1069.00 1072.00 3.00 9.84 1.74 210 MFZ
RM06-04d 1074.00 1084.50 10.50 34.44 3.20 338 MFZ
RM06-04d 1116.50 1122.50 6.00 19.68 1.94 88 MFZ
RM06-04d 1146.30 1150.80 4.50 14.76 2.13 212 MFZ
RM06-04e 885.50 897.50 12.00 39.34 3.03 3343 MMS
including 888.50 896.00 7.50 24.59 4.17 4503 MMS
RM06-04e 1094.90 1106.90 12.00 39.36 2.06 214 MFZ
RM06-04e 1110.10 1115.80 5.70 18.70 1.60 36 MFZ
RM06-04e 1118.00 1135.40 17.40 57.07 3.18 178 MFZ
RM06-03b 891.70 898.10 6.40 21.00 3.32 153 MFZ
RM06-03b 903.80 914.80 11.00 36.10 2.42 115 MFZ

Holes 4f and 3c are currently in progress. The permitting process for a planned dewatering and underground rehabilitation program that will facilitate additional underground drilling programs is also progressing well.

J. Geoffrey Thurlow, PhD, PGeo, is the qualified person responsible for technical content of this release. Drill intercepts quoted are core lengths; true widths are estimated to be 90 per cent to 95 per cent of the intersected core lengths. National Instrument 43-101 compliance information regarding sampling and analytical protocols pertaining to the Rambler project can be accessed via the company's website.

Exploration on the Rambler property is being conducted by Altius Resources Inc. under a service agreement with Rambler Metals and Mining PLC. All drill holes have produced 47.6-millimetre-diameter (1.875-inch) NQ diamond drill core. The drill core is descriptively logged on site, aligned, marked for sampling and then split in half, longitudinally, using a diamond saw blade. One-half of the core is preserved in core boxes for future reference. The samples comprising the other half of the core are bagged, sealed and delivered directly to the analytical laboratory by Altius personnel. Base metal-bearing samples are nominally one metre to 1.8 metres (3.28 to 5.90 feet) in length except where specific geologic parameters require that a smaller interval be sampled. Samples with suspected precious metal content are nominally one metre or less, depending on the geological circumstances.

The sawed samples are delivered directly to Eastern Analytical Ltd. in Springdale, Nfld., by Altius personnel where they are dried, crushed and pulped. Samples are crushed to approximately minus 10 mesh and split using a riffle splitter to approximately 300 grams. The sample split is pulverized using a ring mill to approximately 98 per cent minus 150 mesh. In addition to regular samples, blank samples and quarter-split samples are also submitted for crushing/pulping.

The sample pulps are picked up directly at Eastern Analytical by Altius personnel and returned to the project site at which point analytical standard samples and duplicate samples from previous batches are inserted into the sample stream. All sample rejects are also retrieved from Eastern Analytical by Altius personnel and securely stored by Altius.

The sample pulps are shipped by courier to Activation Laboratories Ltd. in Ancaster, Ont., for analysis. A typical analysis consists of three, industry-standard components:

1. an aqua regia digestion followed by a 34-element ICP analysis;
2. a gold assay consisting of a one-assay-ton fire assay with finish by atomic absorption; and
3. an assay of specific base metals by aqua regia digestion followed by atomic absorption spectroscopy for those elements which exceed the limits of ICP accuracy.

Check assays for the Rambler project are being conducted by ALS Chemex, using industry-standard techniques posted on its website. Check assays are also routinely performed at Eastern Analytical. The drill program and sampling protocol are being supervised by Mr. Thurlow, PhD, PGeo, of VMS Consultants Inc. and a director of Altius; a qualified person as defined under the Canadian Securities Administrators' National Instrument 43-101.

Cornerstone to allow surveying by Inco at Garland

2006-01-09 08:17 ET - News Release

Mr. Glen McKay reports

CORNERSTONE TO COMMENCE AIRBORNE GRAVITY GRADIOMETRY SURVEY WITH INCO IN GARLAND LAKE AREA

Cornerstone Capital Resources Inc. has conditionally agreed to allow Inco to complete airborne gravity gradiometry surveys over its Garland projec, located 30 kilometres southeast of Voisey's Bay. The survey is part of a much larger survey being completed by Inco Ltd. over its propertyholdings in this area. The survey is designed to explore for favourable troctolitic rocks similar to those which host the Voisey's Bay deposits, and potentially has the capacity to directly detect large shallowly buried accumulations of massive sulphides akin to magmatic Ni-Cu-Co (nickel-copper-cobalt) deposits at Voisey's Bay.

The survey is planned to be completed in stages during the first half of 2006. Survey parameters have been chosen by Inco and include a gravity gradiometer, a gravimeter, a magnetic gradiometer and a LIDAR system. Cornerstone's Garland property is expected to receive 314 line kilometres of surveying as part of the larger Inco survey. Cornerstone will pay its share of the cost of the program, and both Inco and Cornerstone will be sharing portions of the data.

As previously released (see news issued in Stockwatch dated Sept. 28, 2005), Cornerstone's 53-square-kilometre Garland property covers the on-strike extensions of a series of AMT anomalies detected by an audio-magnetotelluric (AMT) survey completed by Inco in 2001. The anomalies are defined as a series of zones of higher conductivity interpreted to lie at a depth greater than 800 metres. Reports filed by Inco with the government of Newfoundland & Labrador indicate the area surrounding the AMT anomalies is locally underlain by troctolitic rocks considered favourable for hosting Voisey's Bay-style nickel sulphide mineralization. Cornerstone acquired its claims to cover portions of these untested AMT anomalies and their inferred on-strike extensions.

In commenting on working with Inco on this initiative, John Fleming, Cornerstone's chairman, states, "It is a pleasure to be co-operating with Inco on this survey and it is our hope that we will have other opportunities to work more closely with Inco in this region in the future."

In other news, Cornerstone has received notice that Falconbridge Ltd. has elected to terminate its option and earn-in agreement with respect to the Konrad nickel project and partnership area (Voisey's Bay corridor), located west of Inco's Voisey's Bay mine. It is Cornerstone's intention to seek joint venture partners for Konrad as well as its other nickel projects in Labrador.

Paul Moore, MSc, PGeo, chief geologist for Cornerstone, is the qualified person, as per National Instrument 43-101, responsible for the information in this news.

On the bid at .30 at the open then upped it to .33, seemed to be a penny low all morning.
Not going to chase it.....I think
Freeport smoking too.

Gotta love autumn in Canada

JW

Celtic Minerals Ltd (C-CME) - News Release

Celtic Minerals conducts geophysical survey in Labrador

2005-09-14 09:53 ET - News Release
Shares issued 41,797,049
CME Close 2005-09-13 C$ 0.23

Mr. Kevin Flaherty reports

DEEP GEOPHYSICAL SURVEY FOR CELTIC MINERALS UNDERWAY AT WEST VOISEY'S BAY

A geophysical survey for Celtic Minerals Ltd. is under way on its West Voisey's Bay property in Labrador. Quantec Geosciences is conducting an extensive, deep penetrating audio magnetotellurics geophysical survey at the 112.75-square-kilometre West Voisey's Bay project in northern Labrador. The West Voisey's Bay project is situated on the west and southwest corner of Inco's main block, which will see first production at the Voisey's Bay Ni-Cu-Co deposit during the late summer of 2005. It should be noted that on Aug. 24, 2005, Inco staked an additional 6,884 claims adjacent to the West Voisey's Bay property to the southwest, south and to a considerable distance southeast.

Mobilization of the field crew has been completed and it will take approximately 45 days to complete the AMT survey, which is planned to cover most of the claim group. Audio magnetotellurics is a specialized geophysical technique that has been employed at Inco's Voisey's Bay project and successfully images the deeply buried mineralization. The survey parameters will be set to image at a depth of up to 1.2 km below surface.

Geophysical modelling and interpretation carried out in 1998 highlighted a regional gravity anomaly which is 13 km in diameter and coincident with several deep and large intensity magnetic anomalies that were interpreted by the geophysicist to be likely caused by troctolite, the host rock type for the Voisey's Bay deposits. The edge of the gravity/magnetic anomaly, which was interpreted as the shallowest combined magnetic and gravity anomaly, will be the focus of the AMT survey during the initial phase of the geophysical program.

I wonder if this N news is what is driving CXX this past week?
Moran Lake is south of Voisey, I don't have a good feel for the distances involved. Must be 200 kms at least.
John

Freeport Resources Inc (C-FRI) - In the News

Kaiser says Freeport about to get a push from Inco

2005-09-15 19:48 ET - In the News
Shares issued 10,839,600
FRI Close 2005-09-08 C$ 0.24

John Kaiser, writing in a Sept. 1, 2005, Tip of the Day, says Freeport Resources Inc. (then 13 cents), is about to come alive in a big way. Mr. Kaiser said buy in November, 1994, at 12 cents. He said sell in a November, 2003, Profile at four cents, for a loss of $707, assuming a $1,000 investment originally. He then said buy in the same issue. An investment of $1,000 at that time would be worth $3,153 today. The kingpin of junior speculation says Inco Ltd. has expanded its land position 20-fold around the original Garland Lake claim block south of its Voisey's Bay nickel-copper-cobalt deposit. He says Inco's staking binge prompted him to recall Freeport, which was a large landholder in the Garland Lake area during the heyday of the Voisey's Bay play and still owns a 600-hectare parcel adjoining Inco's Garland Lake block to the northwest. Mr. Kaiser says Inco most likely plans to resume aggressive exploration outside the main Voisey's Bay block, looking for a large high-grade nickel-copper-cobalt deposit at depth. In May, 2005, Freeport said an audio-magnetotelluric survey by Inco had identified a series of conductive zones that start in the northwestern part of Inco's Garland Lake block.

So what thread is covering the area play from this??

Inco Ltd (C-N) - In the News

Globe says Inco scores in a midnight staking caper

2005-09-19 06:05 ET - In the News
Shares issued 11,019,283
N Close 2005-09-16 C$ 51.18

The Globe and Mail reports in its Monday edition that it was just after midnight on Aug. 24 when Inco geologist Brian Randa sat down in front of his office computer in Sudbury, Ont., to log on to Newfoundland's on-line minerals claims staking service. The Globe's Jacquie McNish writes that when Mr. Randa was finished three hours later, he had spent more than $400,000 (Canadian) to acquire 6,884 mineral claims covering 172,000 hectares of land south of Inco's Voisey's Bay nickel deposit. Mr. Randa's covert shopping spree, the largest claims purchase in Inco's history, was orchestrated by the firm's senior executives to avert a staking rush in the area before it had finished the massive on-line purchase. "There was quite the buzz in the office here, I can tell you, when we came in the next morning and realized what Inco had done," said James Hinchey, who oversees Newfoundland's claims records. The purchase accounted for nearly one-third of the 19,000 claims staked so far this year in the province. Inco expects to spend as much as $40-million (U.S.) this year hunting for ore in Australia, China and Canada, nearly double its budget of $24-million (U.S.) two years ago.

Cornerstone and Phelps Dodge Corporation of Canada, Limited to Explore for Sediment Hosted Copper Deposits

NEWS RELEASE TRANSMITTED BY CCNMATTHEWS

Cornerstone Capital Resources Inc.

August 23, 2005 - 13:36:45 ET

Cornerstone and Phelps Dodge Corporation of Canada, Limited to Explore for
Sediment Hosted Copper Deposits


MOUNT PEARL, NEWFOUNDLAND--(CCNMatthews - Aug. 23, 2005) - Cornerstone Capital
Resources Inc. (TSX VENTURE:CGP) ("Cornerstone") is pleased to announce an
agreement with Phelps Dodge Corporation of Canada, Limited ("Phelps Dodge") to
explore for sediment-hosted, stratiform copper deposits (SSC) in the Bay St.
George sedimentary basin of southwestern Newfoundland.

Cornerstone recently initiated the Codroy Project by staking several claim
groups covering approximately 250 sq km in the Bay St. George Basin. (A map
showing the properties is available on the Cornerstone Web site at
www.cornerstoneresources.com.) The properties are underlain by Carboniferous
sedimentary rocks considered highly permissive for the development of SSC-type
copper deposits. Similar geological environments elsewhere in the world, such
as the Kupferschiefer in Poland, host world-class SSC-type copper deposits.
The Dzhezkazgan Basin of Kazakhstan is a Carboniferous-aged sedimentary basin
in a similar geological setting.

The Bay St. George Basin was explored briefly for salt and uranium in the
1970's. Numerous uranium occurrences were discovered during that period and,
while no systematic base metal exploration was conducted, the work documented
copper showings in association with uranium mineralization. Shell Minerals
documented several copper showings with grab samples assaying up to 4.1 %
copper. The basin is also currently being explored for hydrocarbons.

The agreement is structured in two phases. In Phase I (Year 1), Phelps Dodge
and Cornerstone will jointly evaluate the mineral potential of the project
area on a reconnaissance basis. In this first phase, Phelps Dodge will make a
cash payment to Cornerstone of US$25,000 and the two companies will jointly
fund an exploration program to which Phelps Dodge will contribute US$100,000
and Cornerstone US$75,000. On completion of Phase 1, Phelps Dodge may elect to
enter into an option/earn-in agreement (Phase II) whereby it can earn 51% by
spending US$3,000,000 on exploration and making cash payments to Cornerstone
totaling US$225,000 over three years. During the earn-in period, Cornerstone
will be the operator. Upon earn-in, Cornerstone may elect to retain the right
to participate at 49% or give Phelps Dodge the option, under certain
conditions, to increase its interest to 75%.

The proposed first year work program will involve geological mapping, basin
analysis, prospecting and sampling. Copper is the metal of primary interest
but the work will also document results pertaining to other metals, such as
uranium and gold, for which the Bay St. George Basin may also be prospective.
The Phase I work program will start immediately and will be operated by
Cornerstone.

This exciting new project again demonstrates Cornerstone's ability to generate
grass roots projects and advance them in partnership with other companies.
This is the thirteenth such joint venture agreement that Cornerstone has
entered into since it was established in 1997, and the second with Phelps
Dodge. Cornerstone currently has several other joint venture projects
targeting nickel, gold and VMS base metal deposits with Falconbridge,
Thundermin, Inmet, Agnico Eagle, Moydow and Kermode as partners.

This press release was prepared by Mike Basha, P.Eng., P.Geo., Vice President,
Exploration for Cornerstone, Qualified Person for this project, as per
National Instrument 43-101.

In other news, as announced April 15, 2005, certain insiders have been
retained to provide ongoing management, consulting and legal services. At the
option of the consultants, Cornerstone may issue shares, on a quarterly basis,
as compensation for the services rendered. All these consultants have agreed
to accept shares as partial compensation and Cornerstone has recently issued
190,146 common shares at a deemed issue price of $0.34, as set by the TSXV,
for services rendered during the second quarter.

Cornerstone has also issued a total of 100,000 options to purchase common
shares to insiders. In accordance with company policy, the options will have
an exercise price of $0.37, based on the share price at close of trading on
August 3, 2005 plus $0.01. The vesting period for all options is 1/3
immediately, 1/3 in nine months and 1/3 in eighteen months.

In other developments, the agreement with Grandich Publications (Peter
Grandich) to provide investor relations and public awareness services,
announced on April 19, 2005, is being terminated effective August 31, 2005.


On Behalf of the Board of Directors

Glen H. McKay

President

Crosshair receives Glenwood Break results

2005-07-08 16:28 ET - News Release

Mr. Timothy Froude reports

UPDATE ON CENTRAL NEWFOUNDLAND EXPLORATION

Crosshair Exploration and Mining Corp. has released the following report from the recent reconnaissance drilling programs at the Glenwood and North Paul's Pond gold properties. The Glenwood Break property is under option from Rubicon Minerals Corp. while the North Paul's Pond property is 100-per-cent owned.

Glenwood Break

A total of 642.6 metres of HQ core were completed in five holes testing approximately 75 metres of the Clydesdale linear from which channel sampling in 2004 returned 6.34 grams per tonne Au over five metres and from which visible gold bearing breccias locally returned values greater than 50 grams per tonne Au from grab samples in the Clydesdale trench. All holes drilled intersected multiple zones of brecciated, quartz-veined sedimentary and intrusive rock variably mineralized with pyrite and arsenopyrite and carrying weakly to strongly anomalous gold values to a maximum of 5.15 grams per tonne Au over 0.55 metre.

Drill holes CD-05-3 and 4, undercuts of the high-grade channel sample reported from the 2004 channel sampling (6.34 grams per tonne Au over five metres), intersected the target zone of which CD-05-3 intersected 1.31 grams per tonne Au over 0.80 metre (including two specks of visible gold) while CD-05-4 (undercut of CD-05-3) intersected the Clydesdale horizon and returned 1.92 grams per tone Au over 1.60 metres including 5.17 grams per tonne Au over 0.55 metre indicating that the Clydesdale horizon remains open to depth.

The Clydesdale linear is a significant structural feature extending several kilometres north and south of the Clydesdale trench area and has only been tested for 75 metres in the immediate vicinity of the Clydesdale trench. The drilling completed to date represents the first drilling in the area and highlights the prospectivity of the Clydesdale linear to host multiple zones of structurally controlled gold mineralization including local zones of high-grade mineralization.

The following summarizes the highlights from the phase 1 reconnaissance drilling. A complete set of assays are available on the company's website.

Hole No. From To Length Au
(m) (m) (m) (g/t)

CD-05-01 42.25 42.40 0.15 2.38
80.10 80.40 0.30 2.44
86.95 87.55 0.60 1.09

CD-05-02 12.15 17.00 4.85 1.03

27.15 27.50 0.35 1.41
26.85 27.50 0.65 1.12

CD-05-03 11.85 12.65 0.80 1.31
(visible gold noted in core)
16.10 16.45 0.35 1.16
80.45 81.60 1.15 1.29

CD-05-04 43.75 45.35 1.60 1.92

CD-05-05 101.65 103.00 1.35 1.00


Exploration activities are continuing on the Glenwood Break property including trenching at 14 separate targets as well as follow-up prospecting on geochemical targets identified in 2004.

North Paul's Pond

Assays for recently completed diamond drilling at the 100-per-cent-owned North Paul's Pond project have been received and although locally anomalous (including assays up to 7.17grams per tonne Au over 0.35 metre), are not significant enough to warrant further exploration on the property. As a result, the claims will be returned to the vendor.

Messina Minerals Inc (C-MMI) - News Release

Messina hits Boomerang at 50-metre step-out on Tulks

2005-04-27 18:36 ET - News Release
Shares issued 23,621,115
MMI Close 2005-04-27 C$ 1.48

Mr. Peter Tallman reports

MESSINA 'MMI' BOOMERANG DRILLING HITS MASSIVE SULPHIDES ON 50 METER STEP-OUT

Messina Minerals Inc. has received assay results from three drill holes on section 3250E at the recently discovered Boomerang massive sulphide at the Tulks South property located in central Newfoundland. Holes GA05-25, GA05-30 and GA05-32 were drilled on section 3250E located 50 metres west of the discovery section 3300E reported previously.

All three drill holes intersected Boomerang massive sulphide mineralization containing copper, lead, zinc, silver and gold, with comparable grades and over comparable widths to those discovered on 3300E. The Boomerang massive sulphide has been intersected over a vertical distance of 73 metres and remains open for expansion up-dip and down-dip.

Individual holes have intersected multiple horizons of zinc-rich massive sulphides. The assay intervals reported in Table 1 reflect the high-grade core of the Boomerang zone as one interval, as well as the broader zone of mineralization as the longer interval. These broader intervals of metal-bearing mineralization will ultimately be used to determine the volume and hence tonnage.

TABLE 1: CORE INTERVALS, ASSAYS AND TRUE
THICKNESS OF MASSIVE SULPHIDES ON 3250E

Distance
Hole from
ID Elevation surface From To Length
(metres) (metres) (metres)

Surface 1,405 0

GA05-32 1,172 -233 265.6 273.2 7.6
259.4 277.7 18.3

GA05-25 1,137 -268 290.9 298.1 7.2
274.0 302.9 28.9

GA05-30 1,099 -306 330.0 335.3 5.3

TABLE 1: CORE INTERVALS, ASSAYS AND TRUE
THICKNESS OF MASSIVE SULPHIDES ON 3250E

Hole True
ID thickness Cu Pb Zn Ag Au
(metres) % % % g/t g/t

GA05-32 5.3 0.9 6.2 8.9 196 4.3
14.4 0.5 3.3 5.2 115 2.5

GA05-25 5.3 1.1 5.0 14.5 200 1.9
20.9 0.5 1.8 6.6 80 0.8

GA05-30 4.4 0.4 2.8 11.0 84 1.0

The results from 3250E confirm that the massive sulphides containing copper, lead, zinc, silver and gold are continuous over at least 50 metres of strike length and the higher-grade portion of the massive sulphide lens also has lateral continuity.

A vertical longitudinal section showing intersections on 3250E and 3300E of the Boomerang horizon is included with this news release. A geology cross-section for each of 3250E and 3300E is included with this news release. All maps are also available on the company's website under "Tulks South property," "Boomerang" section for reference.

Drilling on section 3250E is planned to resume in late May or in June, 2005, to further delineate the up-dip and down-dip extent of the mineralization. Drilling is continuing on section 3350E and results will be reported from this section when drilling, logging and assaying are completed. As of April 26, Messina has completed more than 6,300 metres of diamond drilling from January, 2005.

All assays are initially performed by Eastern Analytical Ltd. of Springdale, Nfld. Check assaying and other lithogeochemical analyses are performed by Chemex Labs of North Vancouver, B.C. The company is and will continue to use methodical and geoscientifically accepted procedures for assaying including quality control and quality assurance (QA/QC) for all analytical testing.

The company has extensive mineral landholdings totalling 272 square kilometres, including the Tulks South property and the Long Lake property. Messina is earning a 100-per-cent interest in these mineral lands from Noranda. The agreement allows Noranda to back in for 50 per cent if greater than 10 million tonnes of economic mineralization with a positive feasibility report is located. Noranda may pay 150 per cent of exploration costs to that point, or revert to a 2-per-cent net-smelter-return royalty.

Peter Tallman, PGeo, president of Messina Minerals, is the designated qualified person responsible for exploration on the company's properties in central Newfoundland and the person responsible for the preparation of this news release.

Crosshair Exploration & Mining Corp (C-CXX) - News Release
Crosshair Exploration begins three drilling programs
2005-04-07 09:52 ET - News Release
Shares issued 37,296,990
CXX Close 2005-04-06 C$ 0.43

Also News Release (C-RMX) Rubicon Minerals Corp



Mr. Timothy Froude of Crosshair Exploration reports

NEWFOUNDLAND GOLD DIAMOND DRILLING PROGRAMS COMMENCE

Crosshair Exploration and Mining Corp. has initiated diamond drill programs on the Wing's Point Titan, Glenwood Break and North Paul's Pond properties in central Newfoundland. The programs will consist of three consecutive drilling campaigns, totalling approximately 1,800 metres of HQ drill core, and will test high-grade surface mineralization on previous drill intercepts, as outlined below. The programs will commence with the drilling of nine holes in the Titan prospect, located on the Wing's Point property, optioned from Rubicon Minerals, followed by six holes (600 metres) at the Glenwood Break Rubicon option and finally six holes (600 metres) at the 100-per-cent-owned North Paul's Pond property, 35 kilometres southwest of Glenwood.

Wing's Point-Titan

The proposed nine-hole drill program at Wing's Point-Titan will test the strike extent and depth continuity of intersections reported in the phase 1 program, previously reported in Stockwatch on Sept. 2, 2004. The property is located near the community of Wing's Point, in Gander Bay, and was the focus of an 11-hole drill program in 2004, which was following up on high-grade trench samples reported in late 2003, from the Titan prospect. The phase 1 diamond drilling returned several significant intersections, including 10.22 grams per tonne Au over 3.25 metres in hole WP-1, 3.65 grams per tonne Au over 2.32 metres in hole WP-5 and 4.45 grams per tonne Au over 2.5 metres in WP-6. A total of eight out of the 11 holes intersected gold mineralization over widths comparable to that sampled in surface trenches. Visible gold, locally common in the trenches, was observed in hole WP-1.

Glenwood property

The drilling at Wing's Point-Titan will be followed by the drilling of six holes, totalling approximately 600 metres, into the Clydesdale and T-Rex occurrences referred to in news published in Stockwatch on Sept. 13, 2004.

Drilling will test the depth and strike potential of the Clydesdale prospect, as well as the topographic linear believed to hold the source of the mineralized breccia boulders. At the Clydesdale prospect, visible gold-bearing quartz carbonate breccias returned a high-grade section assaying 12.22 grams per tonne Au over 2.5 metres. Gold values in grab samples have returned values of up to 50.23 grams per tonne gold, 44.46 grams per tonne gold and 39.69 grams per tonne gold. The mineralization in the trench is open for follow up and flanks a prominent topographic linear believed to be a structure. Attention was originally drawn to the Clydesdale area by the discovery of a large, angular float of quartz-pyrite-arsenopyrite mineralization that returned gold values up to 2.9 grams per tonne Au, as reported in news in Stockwatch on July 13, 2004. Trenching to date has not located the source of the original float breccias that returned these values but, due to the extreme angularity of the boulders and similarities to breccias exposed in the southern part of the trench, it is thought that the prominent linear adjacent to the Clydesdale trench is most likely the source of the float.

The T-Rex prospect, located 1.5 kilometres west of the Clydesdale prospect, has exposed a zone at least three metres wide and at least 50 metres long (limit of trenching). Channel sampling to date (42 samples -- each 0.5 metre in length) has returned highly anomalous values of 2.17, 2.26 and 1.04 grams per tonne Au over 0.5 metre and wider, with an average grade of 1.2 grams per tonne Au over two metres and six metres of 0.52 gram per tonne Au. The mineralized zone consists of moderate-to-strongly sericitized, silicified porphyry, with 2 per cent to 5 per cent generally finely disseminated pyrite, arsenopyrite and locally sphalerite. A single hole will test the depth potential of the T-Rex prospect.

North Paul's Pond

A fall trenching program that was followed by an induced polarization survey identified a number of targets for drilling, including a significant new discovery consisting of a zone of gold-bearing quartz veins measuring at least one metre in thickness, which have returned grades of 10.86, 8.96 and 5.24 grams per tonne Au from preliminary grab sampling. Trenching confirmed bedrock mineralization that remains open to the northeast, southwest and to depth and has a corresponding induced polarization chargeability anomaly. The company plans to test the new zone of high-grade mineralization, as well as other geochemical and geophysical targets outlined by the 2004 program, including two strong gold-in-soil anomalies measuring at least 500 metres in length, with gold values of up to 617 parts per billion and float samples assaying up to 10.8 grams per tonne Au.

The North Paul's Pond property is located in the highly prospective Botwood basin of northeastern Newfoundland, approximately 50 kilometres southwest of Gander, where the potential for Carlin-style as well as lode-style gold mineralization has been identified by a number of active companies. The region exhibits a high number of characteristics comparable to the Carlin district of Nevada, including similar geological and structural settings, as well as geochemical and mineralogical evidence, including a large number gold occurrences, as well as significant antimony reserves. The adjoining property is host to several gold occurrences, including the Goose prospect, a sediment-hosted gold prospect which lies two kilometres southwest of and along strike from the company's property.

Wing's Point and Glenwood Break are joint ventures with Rubicon Minerals Corp., where the company is earning a 60-per-cent interest in the respective properties. The North Paul's Pond property is a 100-per-cent earn-in, subject to an option agreement with a local prospector.

I think they need to accelerate their plans for this property while MMI is hot:

Victoria project

In December, 2004, Cornerstone acquired a 100-per-cent interest in 46 claims (11.5 square kilometres) located eight kilometres southwest of Messina's Boomerang discovery and contiguous with Messina's property. In-house compilation of previous exploration supports the interpretation that the property covers the on-strike extension of geology surrounding Messina's discovery as demonstrated by existing industry airborne geophysical datasets. Review of this data has also identified several weak isolated conductive anomalies of similar character to that detected over the discovery. Cornerstone's compilation to date suggests no drilling has previously been conducted on the Victoria property. A field program is being planned.

I don't have an opinion on the Ecuador land.

JW

So what do you think of CGP now that its cooling off a bit? Interesting little company with their Canadian and now Equadorian properties.

Kaiser says buy Cornerstone: think Altius at 30 cents

2005-03-02 15:42 ET - In the News


John Kaiser, writing in a Feb. 11, 2005, Express, says a company very similar to junior star Altius Minerals Corp. ($3.85) but trading at a fraction of the price is Cornerstone Capital Resources Inc. (30 cents), which he now recommends as a medium-priority bottom-fish buy in the 30- to 49-cent range. The California letter writer says the stock got beaten up in the market late last year when London-based chief executive officer Jonathan Challis left the company. Founders Glen McKay and John Fleming have since then taken a hands-on role in revitalizing the company. Cornerstone has nearly 20 projects in Newfoundland and Labrador, of which seven are farmed out to other parties. Mr. Kaiser stresses that Cornerstone has several projects within the belt of rocks in central Newfoundland that hosts Messina Minerals Inc.'s Tulks South discovery. While Mr. Kaiser concedes that none of Cornerstone's projects have reached the stage where they offer big and exciting obvious dream targets, that complaint could also be levelled at Altius and its portfolio of projects. Cornerstone does not have big-name brokers as major shareholders, but Mr. Kaiser says it is debatable whether that is a good or bad thing.

I'm going to go crosseyed looking at that map right now.
I'm going to say CGP and CXX are MMI area plays of some sort.
JW

Cornerstone Provides Update on Central Newfoundland
VMS Properties; Falconbridge to Conduct Further Work
on Konrad

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - Cornerstone Capital
Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) is pleased to provide
an update on its volcanogenic massive sulphide (VMS) projects in central
Newfoundland in the context of recent developments in this exploration
district. These developments include Aur Resources' decision to develop
its Duck Pond VMS project (Aur Resources press release, December 14,
2004) and Messina Minerals recently announced additional and potentially
significant intersections from their Boomerang Project VMS discovery
(Messina Minerals press release, February 28, 2005).

Cornerstone has long been aware of the potential of this district and is
well positioned to add shareholder value through its portfolio of
central Newfoundland VMS projects which include newly acquired
properties as well as active projects already under joint venture to
respected industry partners. Each of Cornerstone's properties is
controlled 100% by Cornerstone without underlying back-in rights or
royalties. In keeping with its exploration business approach,
Cornerstone is actively seeking joint venture partners for those
properties not already under an existing joint venture.

Victoria Project

In December 2004, Cornerstone acquired a 100% interest in 46 claims
(11.5 km2) located 8 km southwest of Messina's Boomerang discovery and
contiguous with Messina's property. In-house compilation of previous
exploration supports the interpretation that the property covers the on
strike extension of geology surrounding Messina's discovery as
demonstrated by existing industry airborne geophysical datasets. Review
of this data has also identified several weak isolated conductive
anomalies of similar character to that detected over the discovery.
Cornerstone's compilation to date suggests no drilling has previously
been conducted on the Victoria property. A field program is being
planned.

Bobbys Pond Project

As reported in December, Cornerstone recently acquired a 100% interest
in 90 claims (22.5 km2) partly surrounding Inco Limited's Bobbys Pond
deposit and located approximately 20 km west of Aur's Duck Pond deposit.
The Bobbys Pond VMS deposit is reported to contain a resource of 1.2
million tonnes of 1.06% Cu, 0.71% Pb, 6.91% Zn, 16.8 g/t Ag and 0.20 g/t
Au (based on a cut off grade of 2.5% combined Cu-Pb-Zn, calculated to
300 m depth INCO, 1993; not NI 43-101 compliant). Based on recent
in-house compilation of historical data, Cornerstone's claims cover
several kilometres of the northeast and southwest on strike extensions
of the deposit's host volcanic rocks. Extensive zones of VMS-style
alteration, multiple base metal sulphide occurrences, and isolated
airborne electromagnetic anomalies provide targets for follow-up
exploration. Compilation is ongoing and a field program is being planned.

Noel Paul's Brook Project - Cornerstone Inmet/Woodruff JV

Located approximately 10 km south of Aur's Duck Pond deposit, this
property includes 137 claims (34.25 km2) surrounding and adjacent to a
property which hosts the Haven Steady VMS prospect where previous
explorers reported intersections of up to 0.83% Cu, 1.27% Pb, 6.19% Zn,
4.93 g/t Ag and 1.78 g/t Au over 3.0 m. The Cornerstone property covers
the under explored southwest and northeast strike extensions to the host
stratigraphy, including mineralized and altered felsic volcanics akin to
those which host the Haven Steady prospect.

This property is under option to Inmet Mining and partner Woodruff
Capital who retain rights to earn a 60% interest in the claims by
spending CDN$1,500,000 on exploration and making cash payments to
Cornerstone totaling CDN$100,000 over five years. Cornerstone has
received the required option payment of CDN$15,000 due February 15,
2005; renewing the option for 2005. Results from the 2004 program,
including ground geophysical surveys are currently under review.

Long Lake Project

The Long Lake project is located less than 60 km southwest of Aur's Duck
Pond project. Cornerstone's 33-claim (8.25 km2) property covers
favourable felsic volcanics and sediments akin to those which host the
Long Lake deposit, discovered in 1994. This deposit comprises a
high-grade, massive sulphide resource of 560,000 tonnes averaging 16.0%
Zn, 2.2% Cu, 1.3% Pb, 38 g/t Ag and 0.9 g/t Au (Noranda, 1998; not NI
43-101 compliant).

Cornerstone's Long Lake project is located approximately 10 km southwest
of the Long Lake deposit and covers an isolated airborne electromagnetic
conductor, approximately 1 km long, associated with an adjacent
silica-sericite-pyrite alteration zone hosted by prospective felsic
volcanics. A till geochemical survey was recently completed by
Cornerstone in February and results include detection of a broadly
coincident, open ended, base metal in till anomaly with metal values
ranging up to 366 ppm Cu, 174 ppm Pb and 542 ppm Zn. Analyses were
performed by Eastern Analytical Limited of Springdale, Newfoundland
using a 30 element ICP procedure. Cornerstone is encouraged by these
results and is considering further work to test the anomaly.

In other news, Cornerstone has been advised by Falconbridge Limited that
a field program will be conducted on the Konrad Option during the coming
summer. Details of the program are being worked out; however, the
purpose of the program will be to complete ground follow-up of
conductors detected by 2004 MegaTEM airborne surveys.

Cornerstone is a well-funded junior exploration company with projects
targeting base and precious metals throughout Newfoundland and Labrador
and in Ecuador. A significant achievement in 2004 was the addition of
Falconbridge as a joint venture and strategic partner on the Konrad
Project and the company's regional nickel exploration program,
respectively, in Labrador. Cornerstone's current and past joint venture
partners include Agnico Eagle, Candente, Falconbridge, Inmet/Woodruff,
Kermode, Moydow, Noranda, Phelps Dodge, and Thundermin.

The Qualified Person for these projects and the contents of this
release, as per the definition in National Instrument 43-101, is Paul
Moore, M.Sc., P. Geo., and Chief Geologist for Cornerstone. Resources
referred to within this release are historical in nature, predate, and
are non-compliant with National Instrument 43-101. Neither Cornerstone
nor the Qualified Person has undertaken an independent investigation of
the resource estimates or independently analyzed the results of the
previous exploration work in order to verify the classification of these
resources as resource or reserve. The historical estimates should
therefore not be relied upon. Cornerstone believes these historical
estimates provide a conceptual indication of the exploration potential
of the properties discussed above.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Cornerstone Capital Resources Inc.
Glen H. McKay
President
(709) 745-8377 or Toll Free: (877) 277-8377
Email: investor@crigold.com
Website: www.cornerstoneresources.com
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Messina Minerals Inc.: Boomerang Drilling Strikes High
Grade Massive Sulphides

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Messina
Minerals Inc. (TSX VENTURE:MMI) has received geology and assay results
from three drill holes completed on L33E at the Boomerang prospect on
the Tulks South Property located in central Newfoundland. The Boomerang
massive sulphide lens has now been intersected over a height of 166
meters on the discovery section Line 33E. The grade of the massive
sulphide mineralization intersected shows increasing overall base and
precious metal grades with depth. The Boomerang lens remains open both
up-dip and down-dip on Line 33E so the total height remains to be
determined.

Holes GA05-12, GA05-15, and GA05-16 were completed on the same section
as discovery hole GA04-11 reported December 10, 2004. All holes
intersected massive sulphide mineralization containing significant
copper, lead, and zinc sulphides. GA05-15, GA05-12, GA04-11 and GA05-16
respectively contain 2.8%, 13.8%, 16.9% and 26.1% combined base metals.
GA05-15 includes a narrow 0.5m interval of 11.4% combined base metals.
The following table lists the intervals and weighted average assays of
massive sulphide mineralization for each of the four holes drilled on
L33E, including GA04-11 previously reported, in order of distance from
surface:

 
  
 TABLE 1: 
  
 -------------------------------------------------------------------- 
 Hole #  From_m    To_m  Interval_m  Cu %  Pb %  Zn %  Ag g/t  Au g/t 
 -------------------------------------------------------------------- 
 GA05-15  215.4   226.5       11.10   0.2   0.9   1.7    44.4     1.0 
    incl. 226.0   226.5        0.50   0.4   0.7  10.3    51.0     1.3 
 -------------------------------------------------------------------- 
 GA05-12 248.25   261.3       13.05   0.7   3.5   9.6   125.5     1.4 
    incl.255.75   261.3        5.55   0.9   6.0  12.9   222.0     2.0 
 -------------------------------------------------------------------- 
 GA04-11  274.7   288.6       13.90   0.7   2.6  13.6   102.1     1.0 
    incl. 283.9   288.6        4.70   0.6   3.9  20.1   138.2     1.2 
 -------------------------------------------------------------------- 
 GA05-16  360.9  367.65        6.75   1.5   6.3  18.3   159.0 Pending 
 -------------------------------------------------------------------- 
  
 

 
  
 TABLE 2: 
  
 -------------------------------------------------------------------- 
                                                              Massive 
          Elevation(i)   Distance from  Distance from   Sulphide True 
                   (m)         Surface        GA05-11    Thickness (m) 
 -------------------------------------------------------------------- 
 Surface         1410                0      
 -------------------------------------------------------------------- 
 GA05-15         1213             -197             53+            7.5 
 -------------------------------------------------------------------- 
 GA05-12         1196             -214             36+            9.5 
 -------------------------------------------------------------------- 
 GA05-11         1160             -250              0             9.5 
 -------------------------------------------------------------------- 
 GA05-16         1083             -327             77-            4.2 
 -------------------------------------------------------------------- 
 (i) Note: Elevation is an arbitrary datum level 
  
 

Cornerstone

Victoria

Volcanogenic Massive Sulphide (VMS) Deposits

Cornerstone holds a 100% interest in 46 claims (11.5 sq.km) located approximately 7 km southwest and potentially along strike of Messina's Boomerang discovery. Regional mapping by the Newfoundland Geological Survey shows the property as being underlain by sediments and volcanics potentially akin to those which are reported to host the Boomerang discovery.

New area play in NFLD maybe with the MMI discovery?

MMI

Buchans River 900,000-share private placement

2005-02-25 16:29 ET - Private Placement


The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 21, 2005.


Number of shares: 900,000 common shares

Purchase price: 11 cents per share

Warrants: 900,000 share purchase warrants to purchase 900,000 shares

Warrant exercise price: 15 cents per share for two years after the closing date

Number of placees: one

Insider: Labrador Nickel Ltd., 900,000

Thanks, I hear 2005 may bring about something but I think it will be small.

Hey wwaall

This board has been pretty dead for a while. It seems like all the hype about Botwood Basin has been just that so far. I havent kept up to date with this area play.

Seems to me I recall Altius and Candente had staked the best ground in Botwood and had attracted some JV partners but that was a while ago.

Looking for more info on any new things happening in the basin area. Read info on BHPBilliton back in the area but think they have pulled out months/months ago. Looking to see if they are still around or who in going joint-vent. Any big guys taking small guys for a closer look. What info is out there.

Goldcorp-Candente to Drill Staghorn Property in
Newfoundland

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 26, 2004) -
Candente Resource Corp. - DNT:TSX-V ("Candente") is pleased to
announce that the Company has received approval and funding from
Goldcorp Inc. - GG:NYSE; G:TSX ("Goldcorp") to carry out a Phase
I drilling program on the Staghorn property in Newfoundland. The
Strategic Partnership Agreement between Candente and Goldcorp
allows Goldcorp to earn up to a 70% interest in the Staghorn
property by assuming all expenditure obligations and completing
bankable feasibility studies by January 2010.

New Valley Drilling of Springdale Newfoundland has been
contracted to conduct the initial 2,700 metres (m) of diamond
(core) drilling on the property. Drilling is expected to commence
in August this year. The styles of mineralization, host rocks,
structural setting and geochemical signature found to date on the
Staghorn Property are all typical of intrusion hosted-orogenic
deposits such as the 175 and 19 million ounce gold deposits at
Muruntau and Kumtor in Central Asia.

Several drill targets have been delineated over a 2.5 km trend
where gold mineralization has been found on surface at several
locations and high chargeability zones extending to depth appear
to be associated with gold mineralization.

The gold mineralization (0.5 to 25.7 grams per tonne (gpt) gold)
is evident in three main trenched zones in bedrock, angular rock
float, soils and heavy mineral concentrate (HMC) samples. Gold
values ranging from 0.5 to 13.5 gpt (several in the 1.5 to 5 gpt
range) occur in the main zone in rocks comprising one metre
channels in trenches, selected samples and angular float in pits
over a 70 by 30 m area. Outside the trenched area overburden
masks outcrop exposure over much of the property.

The high chargeability zones appear to be associated with gold
mineralization as they both occur within the same structural
trend. The high chargeability signature also fits that expected
for a sulphide bearing gold system similar to the type of
mineralization found to date on the property. The high
chargeability zones were identified by an Induced Polarization
(IP) survey and occur over a 3.2 km extent.

The Staghorn property is located in southwestern Newfoundland,
approximately 60 kilometers southeast of the seaport of
Stephenville. Commercial air service is available to Stephenville
and access by road from Stephenville is a 45 minute trip. The
physiography of the property is characterized by rolling hills
with stunted evergreen growth, shallow lakes and bogs with
elevations ranging between 200 and 400 meters above sea level.

For more technical details please refer to:
http://www.candente.com/s/projects_staghorn.asp.

Candente is also currently drilling on the Alto Dorado gold
property in Peru. For more information regarding the Alto Dorado
Property, please refer to:
http://www.candente.com/s/Projects_Peru.asp?PropertyInfoID=655&View=1.

Candente is a well-funded mineral exploration company focused on
the acquisition and exploration of world-class gold and copper
projects. Management has a strong geological/technical focus and
a track record of discovering world-class mineral deposits.
Candente has a policy of ensuring that its exploration and
development activities are beneficial to the local communities.

ON BEHALF OF THE BOARD OF DIRECTORS

Joanne Freeze, P. Geo., President & CEO

Candente Resource Corp.

This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Candente relies upon
litigation protection for forward-looking statements.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Candente Resource Corp.
Joanne Freeze, P. Geo.
President & CEO
(604) 689-1957 or Toll Free: 1-877-689-1964
Email: info@candente.com
Website: www.candente.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Every damn stock on this thread that traded at 10 cents in the past year has turned into a multiple bagger. I missed every fricken one of them. Only one that hasn't gone is Gallery. Should I buy Gallery?


EDIT: NO! 122 million s/o

Moydow Mines International Inc.: Drilling recommences at
True Grit

TORONTO, ONTARIO-(CCNMatthews - Mar 25, 2004) -

Baie d'Espoir property optioned from Altius Minerals

Moydow Mines International Inc ("Moydow") is pleased to announce
that drilling is now underway at its True Grit gold project which
is located in the Baie d'Espoir region of Newfoundland. A total
of 3000 metres is planned to test a number of gold anomalies
which are located north of a broad zone of gold mineralization
identified in the drilling program in the 2003 field season.

The True Grit project is a joint venture between Moydow and
Cornerstone Capital Resources. Moydow has the option to earn up
to an 80% interest in the True Grit project and is the operator
of the property.

Moydow is also please to announce that they have also entered
into an earn-in/joint venture agreement with Altius Minerals
Corporation concerning Altius' Baie d'Espoir gold project which
is located north of the True Grit property.

The newly optioned Baie d'Espoir property consists of 305 claims
(7625 hectares) and is centred on a 15 kilometre long
gold-tungsten-arsenic geochemical anomaly that is spatially
associated with granite and granodiorite bodies that are Late
Paleozoic in age. These intrude metasedimentary rocks including
calc-silicate units and carbonaceous schist and are an integral
part of an under-explored mineralized belt that measures more
than 100 kilometres long.

Moydow has the option to earn up to an 80% interest in the Altius
Baie d'Espoir property by issuing 165,000 common shares of Moydow
over a period of 24 months and by solely funding exploration
expenditures for three years. Thereafter, Altius shall maintain a
10% carried interest and a further 10% contributing interest.
Altius may also elect to convert both interests to a net smelter
return royalty.

Work to date has identified potential for extensive
intrusion-related gold mineralization with features similar to
other Late Paleozoic intrusion-related gold systems worldwide.

Intrusion-related gold systems represent some of the largest gold
resources in the world. For example, the Tien Shan belt in
central Asia is reportedly endowed with 400 million ounces of
gold. The Muruntau deposit accounts for approximately half of
this amount and is currently the world's largest open pit gold
mine.

Moydow is engaged in the acquisition, exploration and development
of precious metals properties worldwide. Exploration continues on
the True Grit project in Newfoundland. Given the strong success
of Moydow in Ghana, Moydow will reactivate exploration at
Kanyankaw and Hwidiem. The Hwidiem property is adjacent to the
Ntotoroso project and is less than 3 kilometres from the E-Zone
deposit.

Corporation information is available on Moydow's website
www.moydow.com. Moydow is listed on the Toronto Stock Exchange
under the symbol "MOY".


/T/

CANADA
Suite 1220 , 20 Toronto Street
Toronto ON M5C 2B8
Tel: 416-703-3751
Fax: 416-367-3638

IRELAND
74 Haddington Road
Dublin 4, Ireland
Tel: 011 353 1 667-7611
Fax: 011 353 1 667-7622

GHANA
Shankill House
21 5th Circular Road
East Cantonments, Accra, Ghana
Tel: 233-21-772516
Fax: 233-21-777247
www.moydow.com

ANX

Anaconda Drills Another Significant Intersection At Pine
Cove Gold Project

TORONTO, ONTARIO--

Most Advanced Gold Project in Newfoundland

- Anaconda Gold Corp. (TSXV-ANX) is pleased to report that
drilling under way at its Pine Cove gold project, located 6 km
northeast of Baie Verte, Newfoundland, continues to generate
significant intersections of gold mineralization.

Hole PC-127-04 intersected 22.1 m grading 5.41 grams gold per
tonne. This section included a much higher grading 7.3-m interval
grading 11.13 grams gold per tonne.

This hole was drilled on section and up dip from hole PC-126-04
which intersected 15 m grading 4.28 grams gold per tonne
(Anaconda press release 02/02/04). Importantly, the entire
mineralized interval started from a shallow depth of 2.7 m to
24.8 m.

Anaconda has the right to earn a 60% interest in the
2,816-hectare project from New Island Resources Inc. (TSXV-NIS).

Anaconda's drilling is part of a 30-hole, 1,700-m drill program
designed to:

- Define the east and west strike limits of the Pine Cove gold
deposit and to condemn areas anticipated for future mine site
construction.

- In-fill specific blocks in the deposit in order to bring them
up to proven and probable reserve categories.

- Test the exploration potential of the new Pasture Pond North
zone, located approximately 100m north of the current Pine Cove
deposit.

Hole 127 was drilled to test for near surface mineralization up
dip from gold resources in the Pine Cove deposit which were
defined by previous operators in the early 1990's.

Other significant drill results include hole PC-128-04 which
intersected 3.0 m grading 5.4 grams gold per tonne and hole
PC-130-04 which intersected 4.4 m grading 2.02 grams gold per
tonne.

All the intersections came from shallow depths above 30 m which
will be easily accessible from an open pit. Complete drill
results are listed in the table below.

" These initial results are confirming our belief that Pine Cove
will be capable of supporting a economically robust open pit gold
mining operation. The occurrence of relatively high grades near
surface will also facilitate faster payback and improve project
economics," Nicholas Tintor, President and CEO of Anaconda said.

Pine Cove was discovered in 1988 and had 12,540 m of drilling
completed by previous operators. This work defined two zones of
gold mineralization known as the Thunder and Lightning zones.
Based on this work, geological resources totaling 2.92 million
tonnes grading 2.95 grams gold per tonne were outlined.

A feasibility study completed in 1993, and reviewed by mining
consultants Watts, Griffis and McOuat, was based on mineable,
diluted reserves totaling 1.865 million tonnes grading 3.19 grams
gold per tonne. Adding lower grading material which would also be
processed during the mine's life, mineable reserves total 217,000
oz of gold, according to Watts, Griffis and McOuat. Although
these historical reserve calculations were not completed in
accordance with National Instrument 43-101 standards, management
of Anaconda believes these historical results to be relevant.

"Our review of the historic exploration work at Pine Cove
suggests the property has considerable exploration potential for
additional reserves outside of the Thunder and Lightning zones,"
Philip Walford, Vice President - Exploration said. Mr. Walford is
also Anaconda's Qualified Person as defined by National
Instrument 43-101.

Pine Cove, which is the most advanced gold project in
Newfoundland, is the subject of a new feasibility study,
currently in progress, which will include additional
metallurgical test results from SGS Lakefield Research Ltd. and
the results of a new reserve study following completion of the
current drill program.

 
  
                           Pine Cove Drill Results 
 --------------------------------------------------------------------- 
      Hole       From (m)         To (m)   Intersection Grade (g/t) Au 
                                                    (m) 
 --------------------------------------------------------------------- 
 PC-127-04            2.7           24.8           22.1           5.41 
 including            2.7           10.0            7.3          11.13 
 --------------------------------------------------------------------- 
 PC-128-04            4.0            7.0            3.0           5.40 
 --------------------------------------------------------------------- 
 PC-130-04           10.5           14.9            4.4           2.02 
 --------------------------------------------------------------------- 
 PC-131-04           11.6           15.4            3.8           1.58 
 --------------------------------------------------------------------- 
 PC-132-04           23.8           25.3            1.5           6.55 
 --------------------------------------------------------------------- 
  
 

Gallery Commences Winter Exploration Program at Katie

VANCOUVER, BRITISH COLUMBIA--Gallery Resources Limited (GYR:
TSX.V) of Vancouver, B.C. is pleased to announce the start of a
ground geophysical and follow-up drilling program on the Black
Bart Katie Gold - VMS Property in central Newfoundland.

Work crews are preparing 30 kms of grid lines for Induced
Polarization (IP), Very Low Frequency ElectroMagnetic (VLF-EM)
and Magnetic (MAG) survey techniques. This surface work will test
6 separate areas of coincident soil, stream sediment and lake
bottom sediment geochemical anomalies containing significant gold
values. This work will avail of the winter conditions, which now
facilitate ground geophysical surveying.

The geophysical surveys will assist in more precisely identifying
targets at the 6 sites selected for follow-up drilling. Earlier
drilling and surface exploration by Gallery on the property has
succeeded in detecting significant gold mineralization in
geochemically anomalous areas. These positive results include
high grade gold on surface up to 16.7 g/t (0.51 oz/t) at Mystery
Pond (ref. Press Release July 9, 2003) and grades in drill core
up to 2.52 g/t at the McDonald Zone (ref. Press Release April 2,
2003), which confirm the reliability of the geochemical anomalies
in identifying gold zones.

The IP surveys being carried out by Gallery are used throughout
the exploration industry for the detection of gold in low
sulphide mineralized zones. The gold mineralization identified on
the property to date is hosted in rocks containing a low
percentage (up to 5%) of disseminated pyrite, sulphide
mineralization.

Sites are also selected on the basis of geophysical results from
an earlier airborne magnetic survey completed by the Geological
Survey of Canada (GSC) and also earlier surface MAG and VLF-EM
surveys completed by exploration companies working this area in
the 1980's. For example, one site is a large 1.5 km diameter zone
of low magnetic responses, detected by the GSC, and situated just
inside the north boundary of the property.

The 1.5 km low magnetic zone is also a priority target because of
recent developments in the area, which include recent reports of
gold mineralized, quartz porphyry on adjacent properties located
along the north boundary. Low magnetic responses can be produced
by silica granite intrusions such as a quartz porphyry, a common
host to gold mineralization in disseminated pyrite zones. The
quartz porphyry hosted gold mineralization is very close to the
magnetic low (within several hundred metres north). This magnetic
low is of further interest as it is surrounded by several
anomalous lake sediment sites up to 21 parts per billion (which
is a high lake sed value).

Induced Polarization is particularly suited for detecting
disseminated pyrite zones in silica rich rocks and this survey
together with the MAG and VLF-EM techniques will be used to
define all 6 target areas for the planned drilling program.
Drilling is scheduled to commence upon completion of the surface
work and interpretation of the results.

The technical information contained in this report was collected
and compiled by Project Manager, Victor A. French, P.Geo. who is
a qualified person specified by the TSX Venture Policy.

Bruce Costerd, President & C.E.O.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Gallery Resources Limited
Investor Relations
(604) 662-8119 or Toll Free, Canada & USA: 1-800-565-7350
(604) 662-8616 (FAX)
Email: info@gallery-gold.com
Website: www.gallery-gold.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Placer Dome and Rubicon Intersect Two New Gold-Bearing
Vein Zones Parallel to the Jaclyn Zone, Golden Promise
Project, Newfoundland; High Potential to Expand Both New
Zones

VANCOUVER, BRTISH COLUMBIA--David W. Adamson, President and CEO
of Rubicon Minerals Corporation (RMX.TSX) is pleased to provide
final results from a 12 hole, 2451 metre drill program at the
Jaclyn Vein Zone - Golden Promise Project located in
north-central Newfoundland. Results from 7 of the 12 holes (assay
results for 4 holes) were reported in a December 11, 2003 news
release. Drilling during this program has extended the main
Jaclyn Vein to a strike length of 375 metres and depth of 192
metres. The Golden Promise project is being explored under the
terms of an option agreement between Rubicon and Placer Dome
(CLA) Canada Ltd ("Placer Dome"). Highlights of the latest
results are:

- Exploration to the south and north of the Jaclyn Zone has led
to the discovery of two new vein zones, 350 metres south and 220
metres north of the main Jaclyn vein, respectively. These veins
zone are referred to as Jaclyn South and Jaclyn North zones.

- Jaclyn South Zone Two holes (GP03-31 and 33) collared 100
metres apart have confirmed the presence of at least three
separate quartz veins, two of which contain visible gold, with
associated strong silica and sericite alteration of host
sediments. The veins returned a maximum assay of 44.59 g/t gold
over 0.3 metres or 7.73 g/t diluted over 1.5 metres (minimum
mining width). Additional assays are reported in Table 1. The
maximum vein intersection (core length) was 3.4 metres. The
development of multiple gold-bearing veins with associated strong
alteration at Jaclyn South compares favourably to the main Jaclyn
Vein and suggests potential for mineralization of similar extent.


- Jaclyn North Zone One drill hole (GP03-32) has currently tested
an area of boulders which runs parallel to, and north of the main
Jaclyn Zone Vein. This hole intersected four separate veins,
three of which contain visible gold, along with associated strong
silica and sericite host rock alteration (see Table 1 for
assays). The best developed vein was intersected over a core
length of 2.8 metres (1 metre estimated true thickness) within a
10 metre (core length) stringer quartz-veined section. Three
separate veins returned maximum assays of 7.42 g/t gold over 0.5
metres, 12.13 g/t gold over 0.3 metres and 12.30 g/t gold over
0.3 metres. The intensity of alteration and presence of multiple
gold-bearing veins suggests the presence of a robust mineralizing
system which requires obvious follow up drilling. Given the
current known extent of the nearby main Jaclyn vein, the
potential to expand this new zone is considered high.

- Jaclyn Main Zone Five additional holes tested the main Jaclyn
Vein (GP03-26 to 30). Three of these intersected the main Jaclyn
Zone vein with two holes with returning assays in the 1 to 3 g/t
gold range (see Table 1). Tests at the western and eastern ends
of the known vein did not intersect veining. Because of the
relatively large step out to test for the vein extensions (75 to
100 metres), more drilling will be required to examine whether
the vein has changed orientation, or has been fault offset from
its projected location. The main Jaclyn vein is still open
(untested) at depths below 192 metres.

- Overall, the 2003 drilling on the main Jaclyn Vein extended its
strike length from 225 metres to 375 metres and vertical depth
from 60 metres to 192 metres. A total of 24 of 26 (92%) completed
holes have intersected the vein and 20 of 26 (77%) contain
visible gold.

"The main Jaclyn zone has been intersected in over 90% of
completed drill holes and contains a number of economically
significant intersections. The fact that we have now discovered
two additional vein zones within 220 to 350 metres of the main
Jaclyn vein is highly encouraging and expands the potential for
additional gold mineralization. We know of one other in situ vein
elsewhere on our 450 square kilometre Golden Promise project and
a number of boulder trains similar to those at Jaclyn to drill
test which suggest that more gold bearing veins will be
discovered as exploration progresses to other parts of the
property" said David Adamson.

Rubicon and Placer Dome are currently reviewing information from
the program prior to conducting follow up exploration and diamond
drilling.

Placer Dome has an option to earn 55% interest in the Golden
Promise project by spending $5 million over five years, including
a total of $1.5 million before the end of 2004 and can earn a 70%
interest by delivering a bankable feasibility study on a gold
deposit of at least 500,000 ounces by the end of 2009.

Rubicon Minerals Corporation is pleased to acknowledge the
financial assistance provided by the Government of Newfoundland
and Labrador's Junior Company Exploration Assistance Program for
airborne survey work that has advanced the exploration potential
of Golden Promise property.

The Golden Promise Project work is being carried out and
supervised by project manager David Copeland, M.Sc., P.Geol., who
is a consultant to Rubicon Minerals Corporation and is the
Qualified Person for the project as required by NI43-101.

In addition to Golden Promise, Rubicon controls several major
district size land packages in Newfoundland on which gold
discoveries have been made and where drilling is planned for
2004. In Red Lake, Ontario, Rubicon controls a strategic land
package in a blend of 100% and optioned properties. Partners on
projects include Placer Dome, Goldcorp, Wolfden Resources and
several junior partners. With approximately $10.5 million in its
treasury and an aggressive $5.4 million 2004 drill campaign on 15
projects (greater than 50% partner funded), Rubicon offers
exceptional exposure to low risk, high potential districts.

RUBICON MINERALS CORPORATION

David W. Adamson, President & CEO

 
  
 -------------------------------------------------------------------- 
                                        Esti- 
                                       mated 
                                        true 
          Hole                    Core thick-                Au  Visi- 
        Length                  Length  ness           Au   (oz/  ble 
 Hole No.   (m) Dip   Az   From     To    (m)   (m)  (g/t)  ton) gold 
 -------------------------------------------------------------------- 
 Jaclyn Main Vein Zone 
 --------------------- 
 GP02-01  35.7  -45  160  26.75  29.30  2.55  1.64  16.57  0.48    vg 
 -------------------------------------------------------------------- 
 GP02-05  38.7  -45  340  29.15  31.35  2.20  1.80  11.41  0.33    vg 
 -------------------------------------------------------------------- 
 GP02-06  56.4  -70  340  45.00  45.55  0.55  0.32  15.68  0.46    vg 
 -------------------------------------------------------------------- 
 GP02-08  32.0  -45  340  24.45  24.85  0.40  0.31  17.13  0.50    vg 
 -------------------------------------------------------------------- 
 GP02-09  60.1  -70  340  45.40  50.30  4.90  2.22   7.05  0.20    vg 
 -------------------------------------------------------------------- 
 GP02-10  46.0  -45  340  32.75  37.85  5.10  4.02   1.70  0.05    vg 
 -------------------------------------------------------------------- 
 GP02-11  69.2  -68  340  47.30  52.70  5.40  2.70   1.40  0.04    vg 
 -------------------------------------------------------------------- 
 GP02-12  32.0  -45  340  19.25  20.10  0.85  0.63  18.00  0.53    vg 
 -------------------------------------------------------------------- 
 GP02-13  49.4  -70  340  39.55  41.85  2.30  0.94  17.68  0.52    vg 
 -------------------------------------------------------------------- 
 GP02-14  37.8  -45  340  27.55  28.45  0.90  0.67  23.14  0.67    vg 
 -------------------------------------------------------------------- 
 GP02-15  59.8  -65  340  47.20  48.30  1.10  0.52  11.25  0.33    vg 
 -------------------------------------------------------------------- 
 GP02-16  65.6  -45  340  31.45  31.95  0.50  0.34  31.61  0.92    vg 
 -------------------------------------------------------------------- 
 GP02-17  68.6  -65  340  55.50  59.15  3.65  1.48   3.02  0.09    vg 
 -------------------------------------------------------------------- 
 GP02-18  42.7  -45  340  32.80  33.85  1.05  0.70   9.90  0.29    vg 
 -------------------------------------------------------------------- 
 GP02-19  93.6  -68  340  90.35  91.80  1.45  0.45   0.49  0.01     n 
 -------------------------------------------------------------------- 
 GP02-20  41.2  -45  340  30.15  30.75  0.60  0.46   1.34  0.04     n 
 -------------------------------------------------------------------- 
 GP02-21  84.4  -65  340  33.45  33.85  0.40  0.21  68.95  2.01    vg 
 -------------------------------------------------------------------- 
 GP03-22 282.8  -60  340 132.20 133.15  0.95  0.73   5.72  0.17    vg 
 includ- 
  ing                    132.20 132.65  0.45  0.34  11.36  0.33    vg 
 and                     135.30 136.35  1.05  0.80   3.48  0.10    vg 
 -------------------------------------------------------------------- 
 GP03-23 205.4  -60  340 141.55 141.85  0.30  0.23   1.43  0.04     n 
 -------------------------------------------------------------------- 
 GP03-24  197.0 -60  340 126.60 131.80  5.20  3.98   4.18  0.12    vg 
 includ- 
  ing                    126.60 128.20  1.60  0.79  11.16  0.33    vg 
 -------------------------------------------------------------------- 
 GP03-25  331.0 -50  340 247.32 247.92  0.60  0.52  18.18  0.53    vg 
 includ- 
  ing                    247.62 247.92  0.30  0.26  36.10  1.05    vg 
 -------------------------------------------------------------------- 
 GP03-26                                  no significant assays     n 
 -------------------------------------------------------------------- 
 GP03-27  211.7 -60  340 136.65 137.25  0.60  0.30   1.91  0.06    vg 
 and                     139.90 140.30  0.40  0.20   2.63  0.08    vg 
 -------------------------------------------------------------------- 
 GP03-28    146 -50  340  77.40  77.70  0.30  0.21   2.30  0.07    vg 
 -------------------------------------------------------------------- 
 GP03-29  167.9 -50  340                  no significant assays     n 
 -------------------------------------------------------------------- 
 GP03-30    152 -50  340                  no significant assays     n 
 -------------------------------------------------------------------- 
  
 Jaclyn South Vein Zone 
 GP03-31  182.4 -50  340 105.40 105.70  0.30  0.26  44.59  1.30    vg 
 -------------------------------------------------------------------- 
 GP03-33    119 -50  340  96.70  97.00  0.30  0.03   2.59  0.08    vg 
                                                (i) 
 -------------------------------------------------------------------- 
  
 Jaclyn North Vein Zone 
 ---------------------- 
 GP03-32  157.3 -50  340  41.40  41.75  0.35  0.15  12.13  0.35    vg 
 and                      85.35  85.65  0.30  0.02  12.30  0.36    vg 
                                                (i) 
 and                     117.75 118.30  0.55  0.27  4.61   0.13    vg 
 and                     119.00 119.50  0.50  0.25  7.42   0.22    vg 
 -------------------------------------------------------------------- 
 Holes GP02-02, 3, 4, 7 were not completed or terminated short of the 
  Jaclyn Zone 
 (i) Indicates thickness of individual v.g. bearing vein 
 Notes: (1) Holes GP02-01 to GP02-21 see News Release dated Thursday, 
  September 19, 2002 for more detailed information. (2) Holes 01-05, 
  22-33 HQ core size, all other holes NQ core. (3) Assays by 
  metallic screen fire assay method and 1 A.T. fire assay at 
  Eastern Analytical Labs.  Check assays up to the end of hole 
  GP03-33 on the -150 mesh fraction were conducted by ALS Chemex and 
  are within acceptable limits.  All data are uncut. 
  
 

Altius Hits High-Grade Gold in Botwood Basin

ST. JOHN'S, NEWFOUNDLAND--

277.96 g/tonne GOLD OVER 0.44 METRES (8.12 oz/ton GOLD OVER 1.44
FEET) IN DEEPEST HOLE TO DATE

Botwood Basin Gold - Sudbury Contact Mines JV

Altius Minerals Corporation (TSXV: ALS) is pleased to announce
that a new high-grade zone has been intersected on the Moosehead
property in the Botwood Basin of central Newfoundland. Sudbury
Contact Mines, a publicly traded affiliate of Agnico-Eagle Mines,
entirely funded this phase of drilling as part of an earn
in/joint venture agreement. A section of quartz vein breccia
within a fault zone assayed 277.96 g/tonne gold over 0.44 metres
core length (8.12 oz/ton gold over 1.44 feet). The estimated
true thickness of the intercept is one third of core length. The
vein was intersected in the second last hole of the program
(MH-03-15).

The new zone was intersected at 200 metres vertical depth is the
deepest intercept on the property to date. Hole 03-15 was
drilled southwest at -51 degrees below an area featuring
previously reported intersections of high-grade gold
mineralization at shallow depths in the approximate centre of the
claim group. However, the new high-grade intercept appears to
represent a new zone that is open for expansion within the
mineralized fault zone.

Approximately 350 metres north of MH-03-15 along the same
structure, drilling in late 2002 intersected a similar quartz
vein zone that returned an assay of 1154.35 g/tonne gold over
0.18 metres (33.71 oz/ton gold over 0.6 feet) within an interval
that assayed 111.97 g/tonne gold over 2.02 metres (3.27 oz/ton
gold over 6.62 feet). Please refer to Altius Minerals press
release 02-09 for details.

Of five holes in this 672-metre program, two holes (MH03-14 and
03-16) intersected no significant gold values while three holes
(MH03-12, 03-13 and 03-15) encountered anomalous gold values less
than 1.0 g/t gold) in sedimentary and volcanic rocks. Alteration
assemblages that typically occur adjacent to mineralized
structures accompany the anomalous gold values. These short
holes tested MMI geochemical anomalies and were located in two
areas approximately 1.5 kilometres north and 3.5 kilometres
south, respectively from MH-03-15. Follow-up plans for the 2004
exploration program are being formulated.

Central Newfoundland Copper-Zinc - Inmet JV

Two new diamond drill holes (PI-03-01 and 02) have been completed
on the Robert's Arm massive sulphide property to depths of 839
metres and 1028 metres, respectively. Inmet Mining is funding
exploration programs as part of an earn-in/joint

venture agreement.

These drill holes, representing continuing 500 metre step-outs,
both intersected thick sections of disseminated and stringer
sulphide mineralization containing highly anomalous copper-zinc
values. Borehole transient EM surveys detected no conductors in
either hole.

The first hole intersected 49.7 metres of altered basalt at the
bottom of the hole, which featured chloritic alteration and
disseminated and stringer pyrite-chalcopyrite-barite
mineralization. The hole has been capped and is a candidate for
deepening at a future date.

In the second hole located 500 metres east, drilling intersected
a 450 metre thick package of pyritized mafic and felsic volcanic
rocks containing widespread traces of copper-zinc sulphides,
which persisted nearly to the bottom of the hole. This interval
included a narrow breccia unit containing pebble-size, copper and
zinc-bearing, massive sulphide clasts.

The alteration system, with a nominal thickness of 300 metres,
has now been traced down dip 1.5 kilometres and along a strike
length of 1000 metres and remains open in all directions.
Additional drilling is anticipated in 2004. Of significance,
base metal mineralization in the last hole represents the
thickest and most consistent to date.

J.Geoffrey Thurlow, Ph.D., P.Geo, a Director of Altius, is the
Qualified Person responsible for technical information on the
Robert's Arm Project and David M. Barbour, P.Geo., Senior
Geologist, is responsible for the Moosehead program. Additional
information concerning sampling protocols, quality assurance,
detailed assay interval data and photographs are available
concurrent with this release at www.altiusminerals.com. Check
assay data will be posted as it becomes available.

Altius wishes to acknowledge the Newfoundland and Labrador JCEAP
contribution to the Robert's Arm drilling program.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Altius Minerals Corporation
Brian Dalton
(709) 576-3440
or
Altius Minerals Corporation
Chad Wells
(709) 576-3440
Toll Free 1-877-576-2209
Website: www.altiusminerals.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Casey's van Eeden says behold Altius, king of explorers

2003-09-19 19:13 ET - In the News by Stockwatch
http://new.stockwatch.com/default.pasp

Paul van Eeden, writing in the Aug. 29 issue of Doug Casey's International Speculator, says Altius Minerals at $2.09 remains one of the best -- if not the best -- exploration companies in the world. Mr. Casey recommended the stock in September, 2001, at 51 cents. Mr. van Eeden notes that Barrick terminated its joint venture on the Mustang property after spending only $300,000, even though initial results were not bad. Significantly, Carlin-style mineralization was found, thus validating the initial concept. The pullout hit Altius shares, but not as much as Mr. van Eeden would have liked. The strength of the stock on the back of Barrick's withdrawal speaks loudly of the quality of Altius's projects, business model and management. The work Barrick financed will allow Altius to find new joint venture partners for Mustang, which is one of the company's least advanced projects. Keep an eye on Rambler, where Altius recently completed a deep exploration drill hole to test the hypothesis that Rambler's VMS mineralization extends far beyond the historical mining operations. Also keep an eye on the joint venture with Cameco, where the partners are looking for an ultrahigh-grade gold-uranium deposit.

-------------------
Back in 09/03/2003 Altius(2.30 +0.15)made the below NR:

Altius Intersects Copper-Gold Mineralization at Rambler Project
Wednesday September 3,

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--Altius Minerals Corporation has completed an initial, vertical diamond drill hole (RM-03-01) from surface to a depth of 1256.8 metres at the Rambler Project near Baie Verte, Newfoundland. The hole has intersected a copper-gold-bearing, VMS-style stringer system. In addition, a significant off-hole conductor has been identified and the drill program will be extended to test this anomaly.

The new intercept and the off-hole conductor are located in the down-plunge area of the former producing Ming Mine and across a former property boundary, which had impeded past exploration efforts. Altius has the right to earn a 100% interest in the consolidated claim group. (See Press Release 03-11).

Upon piercing the base of the hangingwall mafic volcanic sequence at a down-hole depth of 1130.6 metres, drill hole RM-03-01 entered a robust, pyritic stringer zone that assayed 2.14 g/T gold and 0.75% copper over a core length of 6.4 metres. This occurs as part of a broader interval that returned an average assay of 0.50% copper, 0.28% zinc, 6.9 g/T silver and 1.23 g/T gold over 17.65 metres.

Core angles, combined with drill hole deviation data and the dip of historical orebodies all suggest that the intervals are true widths. The mineralized interval is hosted by altered felsic volcanic rocks and resembles the "Footwall Zone" which occurs updip, structurally below the Ming Mine. Sporadic sulfide mineralization extends to the bottom of the hole.

With RM-03-01, the Ming copper-gold system has now been traced approximately three kilometres down-plunge from surface and is open in all directions at depth. The closest historical drill holes to RM-03-01 are on the Ming massive sulfide horizon, approximately 440 metres updip.

The closest hole up-plunge to penetrate the Footwall Zone is located approximately 850 metres up-dip. It consists of stringer sulfide mineralization in altered felsic volcanic host rocks that assayed 2.89% copper and 0.7 g/T gold over 16.8 metres.

Considering the strength of the stringer mineralization and the position of the conductor, Altius has decided to extend the drill program and test the geophysical target using the Devico directional drilling system. Hole RM-03-01 will be used as a "pilot hole" from which one or more holes will be drilled into the target area. Equipment and personnel are currently being mobilized to the drill site.

---------------------------
Poster's note: Readers are advised to read back on van Eeden's previous comments on Moydow and make your own judgement on his calls.

---------------------
There is a geology map here on Rambler borrowed from Grayd Resources (GYD):
http://www.investorshub.com/boards/read_msg.asp?message_id=1253854
Rambler is to the right of the map.

Well it's really interesting to see that PlacerDome is taking an interest in Botwood. I was beginning to think that this was a dead play but maybe this will perk things up.

RUBICON MINERALS CORPORATION

TSX VENTURE SYMBOL: RMX
OTC Bulletin Board SYMBOL: RUBIF

SEPTEMBER 3, 2003 - 08:48 ET

Rubicon Options Golden Promise Gold Project,
Newfoundland to Placer Dome

VANCOUVER, BRITISH COLUMBIA--

- $5 million earn in, $700,000 within six months, including
diamond drilling -

David W. Adamson, President and CEO of Rubicon Minerals
Corporation (RMX.TSX Venture) is pleased to announce that it has
signed an agreement with Placer Dome (CLA) Canada Ltd. ("Placer")
whereby Placer can earn an initial 55% interest in Rubicon's
extensive 500 square kilometre Golden Promise gold project
located in north central Newfoundland. Under the terms of the
agreement, Placer must spend $5 million over a four-year period,
including $1.5 million before the end of 2004 and a firm
exploration commitment of $700,000 before the end of February,
2004. Placer has indicated that diamond drilling will be part of
the exploration program prior to the end of 2003. Rubicon will be
the operator of the project until earn-in is completed.

Rubicon established a large land position at Golden Promise in
response to the discovery in June 2002 of gold-bearing quartz
boulders, which were subsequently traced back to their local
source. Diamond drilling led to the discovery by Rubicon of a
gold-bearing vein or locally, vein system, named the Jaclyn Zone
which is developed over a minimum 225 metre strike length, has
been tested to a vertical depth of only 50 metres below surface
and is open for exploration in all directions. Of 17 holes
testing the zone to date, 15 have intersected visible
gold-bearing quartz vein(s). Intercepts include 17.69 g/t gold
over 2.30 metres, 16.57 g/t gold over 2.00 metres and 14.85 g/t
gold over 2.25 metres (see news release dated September 19 2002,
for complete results).

Prospecting during 2002-2003 has led to the discovery of
additional mineralized boulders believed to have been sourced
from other veins, which are, as yet, undiscovered. Information
derived from the Jaclyn Zone suggests that the source veins of
these angular boulders are likely locally derived (less than 200
metres from source). To date, the Golden Promise trend is known
to contain six visible gold-bearing float areas including the
Jaclyn drill discovery area. In addition, Rubicon's land position
encompasses an extensive area of anomalous gold in basal till
suggesting that mineralization may be of regional extent.

David Adamson states, "We are excited about the potential of this
property to yield additional gold discoveries. Golden Promise has
significant gold grades, strong indications of vein continuity
and excellent regional potential in a newly discovered area. In
Placer, we have a partner well versed in the exploration,
development and mining of high grade gold deposits in Canada and
elsewhere, and we look forward to their involvement with the
project.

One of Rubicon's competitive advantages, as has been shown
elsewhere at Red Lake, Ontario, is to identify district scale
opportunities, including Golden Promise, ahead of its
competition. We are currently working on other initiatives to
further increase exploration activity on our Newfoundland
portfolio."

Other terms of the agreement allow Placer the election, once it
has met its initial $5 million commitment, to earn an additional
15% interest (to a maximum 70% interest) by delivering a bankable
feasibility study on the project by the end of 2009. Failure to
do so by this date will cause reversion back to a 55% Placer -
45% Rubicon Joint Venture. The agreement is subject to regulatory
approval.

Rubicon has over $10 million in working capital and, in addition
to its Newfoundland assets, controls a major land position in the
prolific Red Lake gold camp in Ontario including its flagship
100% controlled McFinley gold project. Also, the Company realizes
cash flow from its royalty division estimated this year to be
approximately $670,000 in cash plus share value.

RUBICON MINERALS CORPORATION

David W. Adamson, President & CEO

The statements contained in this release that are not historical
facts are forward-looking statements, which involve risks and
uncertainties that could cause actual results to differ
materially from targeted results. Mineral resources which are not
mineral reserves do not have demonstrated economic viability. The
Company relies upon litigation protection for forward looking
statements

ALTIUS MINERALS CORPORATION

TSX VENTURE SYMBOL: ALS

AUGUST 21, 2003 - 08:54 ET

Altius Minerals Corporation: Mustang Project
Update Barrick Withdrawal - Exploration Summary

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--Altius Minerals
Corporation reports that it has received notice from Barrick Gold
Corporation that it has elected to withdraw from the exploration
agreement covering the Mustang Trend properties in central
Newfoundland.

Barrick's decision to withdraw from the program follows 15 months
of work that has included prospecting, regional geological
mapping and orientation geochemical sampling. Barrick contributed
more than C$300,000 to the preliminary grassroots evaluation of
the approximately 100 km long claim package and through cash
payments and fees Altius has well exceeded its initial cost of
generating the project. The claims now revert 100% to Altius.

Excellent early-stage target areas have been developed as a
result of the initial reconnaissance programs. Some of these
targets and accompanying geological features are summarized as
follows:

- New gold occurrences exhibiting low-sulfide content and hosted
by siltstone breccia and quartz breccia have been identified that
represent a new style of mineralization in the region. These
occurrences have returned gold values ranging up to 30.5 g/t in
subcrop and 5.2 g/t in outcrop in one area. In a second, very
recently discovered area, initial values ranging from 6.7 g/t to
24.5 g/t gold have been returned.

The first zone, referred to as the O'Rielly prospect, has been
traced intermittently for approximately three kilometres along
apparent bedding parallel structures. It is coincident with a
strong gold in soil anomaly that remains open for expansion.

The most recently discovered zone is located approximately 10
kilometers along trend from O'Rielly and further work is
warranted in this new target area. Disseminated visible gold has
been noted from this zone.

- Jasperoid and dissolution breccias are developed in calcareous
sedimentary rocks and limestone. Dark grey to black jasperoid
with anomalous gold values exhibits both stratigraphic and
structural control and is developed in fossil-bearing calcareous
siltstone of Late Silurian age. Rock chip sampling of these
silicified, clay-altered and sulfide-mineralized lithologies
indicate a classic Carlin-type signature is present
(gold-arsenic-antimony-mercury-thallium-barium) thereby
validating the exploration model.

- Barite veins, breccia matrix and stockwork hosted by calcareous
sedimentary rocks represent new occurrences within the Mustang
Trend. Recent prospecting has expanded a barite occurrence first
exposed by trenching last field season. Grab samples from this
zone have returned strongly anomalous silver, lead and zinc
values and mildly anomalous gold values. Significant barite
occurrences display a close spatial association with some
Carlin-type gold systems.

Altius plans to further refine the targets identified during the
current field season while it actively seeks a new joint venture
partner to continue evaluation of several targets that merit
further exploration.

Work on the Mustang project has been supervised by David Barbour,
P. Geo., a Qualified Person as defined under the Canadian
Securities Administrators' National Instrument 43-101.

Since 1998, Altius has signed exploration-funding agreements
concerning 29 properties. These properties have attracted
financing from companies such as Barrick Gold, BHP-Billiton,
Cameco Corporation, Inmet Mining, Agnico-Eagle Mines/Sudbury
Contact Mines, and Teck-Cominco, among others. Altius and its
partners plan to conduct several drilling programs throughout the
remainder of 2003 that will target a diverse range of deposit
types and commodities. Altius also effectively holds a royalty
interest in the Voisey's Bay nickel-copper-cobalt project in
Labrador that it expects will offer a long-term source of revenue
to the Company as well as considerable additional upside
potential.

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:
Altius Minerals Corporation
Brian Dalton
(709) 576-3440
(709) 576-3441 (FAX)
or
Altius Minerals Corporation
Chad Wells
(709) 576-3440
(709) 576-3441 (FAX)
Email: altius@altius.nf.net
Website: www.altiusminerals.com
The Canadian Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.

Baie Verte overtakes Botwood in the limelight for now


See 2003-07-21 Altius Minerals News Release: Altius begins drilling at Rambler property
which covers the northern portion of the Rambler mining camp near Baie Verte, Nfld. The Rambler camp has a long history of copper and gold production from a cluster of volcanogenic massive sulphide (VMS) deposits...

Among the Three key areas have been identified for drill testing.

2. Near the end of mining at Ming, an exploration drift was completed at the 1,800 level to test beyond the northwest margin of the deposit. It encountered spectacular native gold mineralization (photo included in Web site presentation). A drill hole located several hundred metres up-plunge from this drift was reported to have intersected 31 g/t gold (0.9 ounce/ton) over 2.1 metres (seven feet) and a chip sample from another exploration drift located several hundred metres down-plunge returned 17.2 g/t gold (0.5 ounce/ton) over 2.7 metres (nine feet). These zones represent stand-alone gold exploration targets...

A detailed summary of the opportunity, including maps and sections, is available for viewing at http://www.altiusminerals.com. The NR is <www.altiusminerals.com/files/PR0311.pdf>
-------------------

Brian Dalton has remarked in a conversation back in Spring that Rambler is his favorite due to the hi grade Cu and native gold. The question was posed in the context of all the prospects in Nfld including Botwood.

Interestingly Grayd Resource Corporation (TSX-V: GYD) announced in the July 17, 2003 NR that a new high grade showing was discovered during a recently completed geological mapping and prospecting program on the Dorset property, near Baie Verte, Newfoundland. Two Grab samples taken from a 1 to 2 metre block of quartz vein returned gold values of 18.7 and 10.9 g/t...

Full text can be read at
<http://www.grayd.com/s/NewsReleases.asp?ReportID=65147&_Title=New-High-Grade-Gold-Discovery-On-D....

No imminent drilling program there yet.

From the map, GYD's Dorset is to the West of Altius' Rambler

Sounds like they are doing reconnaissance programs on reconnaissance programs. Where is the gold? Last years staking rush hasn't resulted in anything mineable being discovered.

Moydow who were quick to jump into the rush last year and staked a lot of Botwood claims are instead drilling in Southern Newfoundland this year and have been staking there as well (over 300 claims last month). What does that mean for Botwood?

Field Programs Underway for Altius but where is the beef (drilling program)?

Altius Minerals Corporation today's NR:

Field Programs Underway

Botwood Basin

At the Moosehead property, final results from a property-scale MMI geochemical survey are expected shortly. A previous orientation survey on the property using the MMI technique was successful in directly identifying known mineralized zones beneath till cover. Drilling last season produced several significant intercepts and another phase of drilling is planned once targets have been prioritized. The current program is targeting high-grade vein-style gold mineralization and is funded by Sudbury Contact Mines Ltd.

At the Mustang properties, which are subject to an agreement with Barrick Gold, a comprehensive geochemical survey is in progress. Results of an orientation geochemical survey are awaited and will be used to optimize follow up programs within the target areas identified during last season's reconnaissance programs. Work on this large property group is targeting sediment hosted gold deposits.

================================

It is interesting to note that Sudbury Contact has yet to anounce it has closed the unit offering of Common Shares and Warrants previously announced on May 20, 2003.

VVC hits new 52 week high. I don't know what is driving this except maybe the acquisition of property in the Ungava region.

Thanks. So there are at least two newsletter recommendations and that may explain the buying.

This is a from a post on stockhouse:

June 15th was the date the stock pushers could trade their shares as part of the consolidation. I would guess that is whats driven the stock up as much as it is now. Which is still below what the majority were purchased for but look out!!! This could be the turn around.

I agree that its probably too early for True Grit to be the cause of the buying. Looks like Cornerstone has a similar business model to Almaden but with the focus on Newfoundland instead of Mexico. They have also had a ton of newrelease out lately. Seems like there is one every week.

tf: At the Gold Conf in Vanc June 8 Lawrence Roulston put
up a Slide of his 5 favorite explorers and CGP was on the
list. This surprised me as I subscribe and we had no advance
on this before public showing. Asked him how come and he said
he should not have, however no damage was done as there was
no following buying. I know Roulston prefers multi venture
plays and this has about 18 with many funded by partners.

Talked to the Cornerstone people and was impressed with the
JV's and their specializing in the area, so many targets, and
knew MOY had cash coming for True Grit.

I was able to get in mostly at 31 and
got some more at 34 before the big push which you seem to
have identified as Casey. This is a new one for me and was
unable to get the kind of position I like when I think the
value is there. Maybe it will pull back.

Is this the reason for the jump in CGP price??

The Casey Investment Alert #110 6/17/2003

Cornerstone Capital (CGP.V:C$0.33)

As you probably gathered, I really like owning exploration companies
that use their acumen and skill to find good projects and then use
other people's money to fund their exploration programs.

Cornerstone Capital has done a stellar job implementing this business
model since the company was reorganized and restructure earlier this
year. With just over 13 million shares outstanding and C$1.35 million
cash in the bank, enough to last them at least three years at current
expense levels, Cornerstone is well-financed. The stock is trading for
C$0.33, implying a market capitalization of only C$4.5 million.

On June 4th, Moydow Mines (MOY.T:C$0.90) announced that it had
commenced drilling on the True Grit property, one of Cornerstone's
projects that Moydow is funding. Moydow's stock jumped 20% today
on volume of 387,000 shares. That's about ten or twenty times more
volume than Moydow typically trades.

As far as I know, Moydow is not working on any other significant
projects at the moment, and that could mean that they found something
interesting at True Grit. Therefore, now may be a good time to start
accumulating Cornerstone Capital.

If Moydow did indeed make a discovery, then Cornerstone's share
price should do well from here on. If not, this is a good time to buy
Cornerstone anyway. Given that Cornerstone currently has eight
projects being funded by joint venture partners, seven more projects
for which it is looking for partners and five additional projects in
Labrador, also being prepared for joint ventures, C$0.33 is a very
reasonable price to pay for the stock.

In all, joint venture partners will spend approximately C$1.27 million
on Cornerstone's properties this year while Cornerstone itself will
spend another C$300,000. Regardless of what happens at True
Grit, the Moydow joint venture, there should be a steady stream
of exploration news coming from Cornerstone over the course of
the next six months. And that will, hopefully, bring Cornerstone to
the attention of the market.

I have been following Cornerstone since prior to its reorganization
and both Doug and I participated in the private placement earlier
this year. We have not recommended the stock because the share
price was significantly above what we paid for it, there did not
seem to be any urgency to buy the stock and the share price was
declining. With Moydow shares trading sharply higher on high
volume today, that may have just changed.

Paul van Eeden

--- END OF ALERT ---

Cornerstone chart:

More info on International Lima Resources that I pulled off the net:

(edit) I'll add it to the header

International Lima Resources Corp. (LMG:TSX-V)

March 15th 2003


QUICK FACTS SHEET


International Lima Resources was reorganized with a new management team and new capital in early February 2003.

The company is now preparing to commence a significant exploration program in the highly-prospective Botwood Basin area of Newfoundland.

Those investors wishing to complete further due diligence on exploration activity in Newfoundland can visit:
www.newfoundlandgold.com

International Lima has recently entered into option-joint venture agreements with Rubicon Minerals Corporation (RMX:TSX-V) to acquire an interest in up to 2,515 mineral claims in the Botwood Basin area of central Newfoundland. The agreements cover three separate land packages known as "Southern Golden Promise", "Wings Point-Titan" and "Glenwood Break". Lima can acquire a 60% interest in the properties by issuing up to 1,200,000 shares (400,000 for each property) and by incurring exploration expenditures of $5,250,000 within four years. Exploration commitments in the first year of the agreements total $650,000.

Most of Newfoundland is still lightly explored although very accessible in most areas with good exploration databases and a committed support group in the Department of Mines and Energy in St. John's. Geological model types have diversified and evolved and now include a sediment-hosted gold district in the Botwood Basin which is thought to be analogous to the highly productive Carlin trend in Nevada. The current exploration play in the Botwood Basin was conceived and initiated by Altius Minerals, a Newfoundland junior exploration company and achieved credibility with the involvement of Barrick Gold. Several styles of gold mineralization associated with arsenic, antimony and barite have been reported over a widespread area within the Botwood Basin, primarily within three structural-stratigraphic trends. There is now strong geological evidence that this mineralization is of epithermal origin.

Newfoundland enjoys exceptional geological potential, access to low cost power, world class transportation systems, modern ports and a skilled labour force. In addition, Newfoundland has created a positive climate for mining, offering generous incentives to exploration and development companies.

International Lima currently has 7,075,522 shares issued and outstanding and fully-diluted shares of 10,270,389.

SOUTHERN GOLDEN PROMISE

This project area spans four separate claim blocks comprising 920 claims which lie within a north-easterly oriented belt of volcano-sedimentary rocks. The claim blocks are located between 15 to 100 kilometres to the southwest of Rubicon's Jacyln zone gold discovery. A total of 21 holes were drilled at the Jacyln discovery in September 2002 with a total depth of only 50 metres. Of the 17 holes which intersected the vein zone, 15 returned visible gold with high-grade gold intersections of up to 16.57 gpt over a true thickness of 1.64 metres.

The Southern Golden Promise property also hosts two southern blocks which have rock types and base metal values that suggest the potential for VMS deposits in addition to gold. Aur Resources recently announced plans to put the Duck Pond-Boundary deposit into production. Many gold showings and veins have been located during the course of this work on ground adjacent to the Lima claims. International Lima plans an aggressive $350,000 exploration program of prospecting, mapping and further till sampling in summer 2003 to locate gold-bearing boulder trains which will provide targets for drilling later in the season.

Click here for a full summary of the Southern Golden Promise property.

GLENWOOD BREAK

The Glenwood Break area consists of a large prospective land position comprising 1,477 claim units right in the heart of the Botwood Basin gold play where recent gold discoveries of similar type to the Carlin camp in Nevada attracted Barrick Gold as a joint venture partner with Altius Minerals, precipitating a major staking rush. Over 100 km of this northeasterly trending belt, from central Newfoundland to the coast has been staked by companies such as Rubicon Minerals, Altius Minerals, Candente Resource, Linear Resources and many others. Glenwood Break occupies a central position in the belt which is referred to as Barrick's Mustang Trend.

Between 1979 and 1995, over 65 epigenetic gold occurrences have been identified in the belt and regional till sampling and lake sediment sampling by the Newfoundland Government detected a large number of anomalies in the region.

Lima intends to aggressively pursue exploration on the Glenwood Break property with a budgeted program for 2003 of $375,000. Work will include a high-resolution magnetometer airborne survey to delineate structures and small gabbro intrusions. Mapping, additional till sampling and boulder prospecting will follow to locate gold-bearing veins which may not be exposed. These will be investigated by trenching and where warranted, drilled later in the season.

Click here for a full summary of the Glenwood Break property.

WINGS POINT-TITAN

The Wings Point-Titan property is located on the northern extension of Barrick's Mustang Trend and consists of 118 claim units. The property is an extension of the Glenwood Break / Mustang Trend which is under heavy exploration by a number of companies to the southwest. Previous exploration was carried out regionally by Noranda and local prospectors, discovering many new showings. In 2002, Rubicon Minerals trenched an extensive new mineralized zone on the property. Gold values of 47 gpt over 0.4 metres and 8.2 gpt over 1.0 metres were returned from chip samples along with 16.4 gpt in a grab sample. Lima plans to aggressively explore this occurrence and evaluate other showings when field work begins this summer.

Click here for a full summary of the Wings Point-Titan property.

INT'L LIMA CONTACT INFORMATION:

Contact: Mark Morabito, President
Head Office: 2000 - 1066 W. Hastings St., Vancouver, B.C., V6E 3X2
Telephone: (604) 601-8273
Fax: (604) 601-8250
Email: investor@newfoundlandgold.com


Disclaimer: This "Quick Facts Sheet" is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) may have positions in the stocks or financial relationships with the companies discussed and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein.

Certain statements in this facts sheet may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this facts sheet, such statements use such words as "may", "will", "expect", "believe", "plan", "project", "target" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this facts sheet and management assumes no obligation to update them or revise them to reflect new events or circumstances. Management cannot assure investors that actual results will be consistent with these forward looking statements. These forward-looking statements involve a number of risks and uncertainties. The following are some of the factors that could cause actual results to differ materially from those expressed in or underlying such forward-looking statements: changes in economic conditions affecting the mining industry, stock market valuations, financing environment, incurrence of term debt and term debt service charges, and accounting policies and practices. The foregoing list of factors is not exclusive.

http://www.qiscapital.com/showpage.php?article_id=25

Looks like I will have another one to add to the header:

Lima Acquires Additional Key Land Position In
Newfoundland

VANCOUVER, BRITISH COLUMBIA--

INTERNATIONAL LIMA RESOURCES CORP. is pleased to announce that an
agreement has been reached with a private individual for an
option to acquire a 100% interest in the North Paul's Pond gold
property in North-Central Newfoundland. The Cornerstone
Capital-Candente Resources property, which is contiguous with
Lima's North Paul's Pond property to the south, is reported by
Cornerstone Capital (News Release-July 24, 2002) to 'straddle a
significant magnetic/structural feature' which is parallel to the
Altius Minerals/ Barrick structural trend. Their main prospect,
the Goose Zone, has returned trench values of 4.06 g/t gold over
1.3 m and 1.28 g/t gold over 5.6 m. Previous drilling by Noranda
obtained up to 3.14 g/t over 2.5 m and 7.54 g/t gold over 1.0 m.
These results in conjunction with Lima's North Paul's Pond assays
indicate a significant regional zone of poorly-explored gold
mineralization.

The property has not been explored in recent years. In the 1980s,
Noranda Exploration Company Limited discovered 'float till raft'
gossan material on the north side of Paul's Pond carrying visible
gold and grab samples assaying up to 10.8 g/t gold. Assays from
float boulders returned assay results of 10.8 g/t, 4.2 g/t, 3.9
g/t, 4.8 g/t and 5.2 g/t gold over an area of 2.5 km by 1.5 km.
Many other boulders with vein material and alteration were also
located in the general area. Limited recent work confirmed the
assays in the vicinity of the till raft and soil sampling on two
grid lines produced five anomalous areas and several other
occurrences of angular float.

Lima's North Paul's Pond property (NTS 2D/11) consists of 6
licenses totaling 55 claims (1375 Hectares) and is located
approximately 50 km southwest of the town of Gander. Access to
the property is excellent; an upgraded logging road crosses the
property and connects northwards with the Trans-Canada Highway at
Glenwood.

The option agreement calls for exploration expenditures of
$300,000, the issuance of up to 130,000 common shares and cash
payments of $32,000 to the vendor, spread over a three year terms
with the majority of such commitments being due in years two and
three of the agreement term. The vendor has retained a 1.5% NSR.

Lima's North Paul's Pond property is strategically located in the
Botwood Basin on the southern extension of the
northeasterly-oriented Altius-Barrick 'Mustang' Trend, which has
been the focus of intense exploration interest in the past few
years. Comparison of this regional feature to the prolific gold
belt in Nevada and the participation of the major gold company
have led to a staking rush and very active junior company
exploration activity.

Lima's North Paul's Pond property straddles the contact between
two groups of sediments of Ordovician-Silurian age, the coarser
clastic Davidsville Group to the southeast and the Botwood Group
to the northwest which is finer in grain size and more
carbonate-rich in composition. This zone is the locus of several
gold prospects in the area of Gander to the north. In addition,
many dykes, sills and small intrusive plugs of gabbro appear to
intrude the many faults which lie within the belt.

Lima plans an aggressive program of geophysics, soil sampling and
float prospecting to upgrade the North Paul's Pond prospects to
drill status.

Mark J. Morabito, Lima's President states "The acquisition of the
North Paul's Pond land position in the strategic Botwood Basin
adds another dimension to our existing extensive claim holdings
in Newfoundland. Lima believes in the potential of the Botwood
Basin and will continue to add to its property portfolio in the
area in the coming months, with more acquisitions expected
throughout the summer".

A finder's fee is payable. The North Paul's Pond agreement is
subject to regulatory approval.

ON BEHALF OF THE BOARD

"Jack Marr"

Senior V.P. Exploration

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
International Lima Resources Corp.
Lima IR Hotline
(604) 601-8273
(604) 601-8250 (FAX)
investor@newfoundlandgold.com
www.newfoundlandgold.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility of the adequacy or accuracy of the content of this
News Release.

I called them today--they'd hoped to have news out today, obviously that hasn't happened.

Why not indeed? Will Altius keep us waiting long?