Braddick Resources Ltd. - company update.MISSISSAUGA, Ontario--(BUSINESS WIRE)--April 9, 1997--Braddick Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :BRO bro n. pl. bros Slang 1. A brother. 2. Friend; pal. Used as a form of familiar address for a man or boy: So long, bro. ) is pleased to announce it has accepted a drilling contract for a 2500 foot diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program at its Schefferville Gold Project in Northeastern Quebec and Labrador. The drill has commenced mobilization to the site and the company expects the drilling to begin within a week. The program is designed to test a 2km long magnetic anomaly on the company's Lac La Borde gold target. Anomalous (unconcentrated) silt samples, highlighted by a 27 g/T gold (0.80 oz/t gold) sample and a 1.4 g/T gold sample, are proximal to this trend. Soil samples ranging up to 405 PPB gold occur in the immediate area. The target model is a "Lupin-style" gold deposit in an altered iron formation which is similar to Homestake's Gold Mine in Lead, South Dakota Lead (pronounced as "leed") is a city in Lawrence County, South Dakota, United States. The population was 3,027 at the 2000 census. Lead is located in western South Dakota, in the Black Hills near the Wyoming state line. and Echo Bay's iron formation gold deposit in the North West Territories. The target zone is the first of two major targets discovered through extensive fieldwork conducted in 1995 and 1996 on the 200 sq. km. property which is located 35 km west of Schefferville. 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). has neither approved nor disapproved the information contained herein. CONTACT: Braddick Resources Ltd. Randy Peaker, 888/ 732-6064 604/ 687-6065 (FAX) http://www.stockgroup.com/bro.html peaker@axionet.com |
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