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Blue Ribbon Resources - Company Update.


VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Oct. 1, 1996-- (VSE See DOS/VSE.

VSE - Virtual Storage Extended
:BLO BLO Below
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.) After the Annual General Meeting of the Company on Sept. 30, 1996, the following are the Directors and Officers of the Company:

Jack J. DiMarchi      President and Chief Executive Officer
Andrew R. Williams    Chief Financial Officer and Secretary
Martyn Element        Director of Corporate Finance
Dale E. Scholz        Director
Craig D. Thomas       Director





The Board of Directors would like to recognize the considerable contributions to the formation and development of the Company made by Ernest E. Nelson, one of the founders and past presidents of the Company.

The Company announces that on its Dijon concession in Suriname, at this time it has completed 17 auger auger (ô`gər): see drill.
auger

Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is.
 drill holes. Results are pending.

On its Toeboeka concession, the grid based soil sampling program is underway with approximately 800 samples completed to date. Assay results are pending.

On its Oelemari concession, the reconnaissance This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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 program will begin in approximately two weeks.

The company is planning to initiate exploration on the Lawa Concession (which is situated adjacent to Canarc Resources Corp. North Benzdorp concession). This program will begin in the next 10 days and will include grid based soil sampling and pan concentrate sampling.

The Company is a natural resource exploration company listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.


Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX).
 with mineral properties interests in Suriname. The Company also has projects in Mexico and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .

ON BEHALF OF THE BOARD OF DIRECTORS

-0- The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy of the content of this news release.

CONTACT: Martyn Element & Associates

Martyn Element, 604/ 687-6820

604/ 687-6328 (FAX)

INTERNET:

http://www.info-mine.com/blue-ribbon/

E-MAIL e-mail: see electronic mail.
e-mail
 in full electronic mail

Messages and other data exchanged between individuals using computers in a network.
: element@info-mine.com
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 1, 1996
Words:278
Previous Article:Kulicke & Soffa announces acquisition.
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