Post by Franko10 ™ on Sept 11, 2004 14:41:43 GMT -5
October 19, 2001
Drilling Commences at Fort a la Corne
Drilling is under way at the Fort a la Corne joint venture property known as 122 West. Shane's partners in the project as to 25 per cent each are United Carina Resources Corp., Consolidated Pine Channel Gold Corp. and First Labrador Acquisitions Inc. First Labrador has earned its interest by agreeing to provide $150,000 toward the costs in the project.
The property is located contiguous to a known diamondiferous kimberlite pipe and a geophysical survey conducted this summer indicates the presence of a magnetic anomaly on 122 West, which could represent an extension of the pipe. Plans are to test the anomaly with three drill holes, more if results warrant. The program is being managed by David Billiard, a qualified person.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
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