Beartooth Drilling Temporarily Suspended, Pending Weather.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 31, 2002 Beartooth Platinum Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BTP (Business Transaction Protocol) An XML-based protocol from OASIS that adds the type of validation to transactions in a Web services environment that are normally performed by the two-phase commit within an enterprise. ) ("the Company") announces that drilling has been temporarily placed on hold due to recent extreme weather temperatures. The Company commenced drilling on the VEZ target, Friday, Oct. 25th and has completed 137 feet in the first hole. Temperatures in the area are currently more than 25 degrees below normal. The temperature in Nye, at the core logging facility, was minus 8 degrees Fahrenheit at 6:00 pm yesterday afternoon. The extreme cold temperatures create difficulties in drilling, primarily with respect to the freezing of water that is used in the drilling process. The Company has asked the drillers to stand down over the weekend in hopes that weather temperatures will improve early in the following week. When temperatures improve, the Company expects to complete the first hold and continue with the drilling program. The Company will issue a press release when drilling re-commences. Beartooth Platinum Corporation (formerly 'Idaho Consolidated Metals Corp') is a Canadian company that explores for Platinum Group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table. Metals (PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition ) in the Stillwater Complex of Montana, USA. The Company's core asset is a significant land holding of over 20,000 acres with several advanced stage exploration targets and numerous untested PGM zones. The Company's shares trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "BTP". Disclaimer: This news release contains certain "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
Some of our press releases contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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