Post by Franko10 ™ on Jan 10, 2005 21:27:28 GMT -5
NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG
FOR: ANGLO MINERALS LTD.
CDNX SYMBOL: ALM
February 1, 2001
Anglo Minerals Announces Completion of Oilsands Drill Program
CALGARY, ALBERTA--Anglo Minerals Ltd. (CDNX-ALM) is pleased to announce
the successful completion of the fall 2000 Oilsands drill program.
Anglo Minerals has a 5% carried interest on 23,040 acres of Oilsands
permits and 49% of 138,240 acres of coal leases, 60 miles N.W. of Fort
McMurray, Alberta.
The fall 2000 drill program completed 17 core holes on the Oilsands
permits, of which a majority of the core holes encountered promising
Oilsands results. The winter 2001 drill program commenced on January 6,
2001 and will be completed at the end of February 2001, in which 40-60
holes will be drilled.
Anglo Minerals recently signed an agreement with SynEnCo Energy Inc. of
Calgary, in which SynEnCo Energy has the exclusive right for two years
to buy out Anglo Minerals 5% carried interest in the Oilsands permits
and the 49% interest in the coal leases.
The Firebag coal property has 87 million metric tonnes measured, 162
million metric tonnes indicated and 569 million metric tonnes inferred,
for a total of 819 million metric tonnes of coal under all categories of
reserves.
Anglo Minerals will continue to pursue promising mining and energy
properties for development and expansion.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd.
Todd Montgomery
President and C.E.O.
(403) 262-2727
(403) 284-4431 (FAX)
FOR: ANGLO MINERALS LTD.
CDNX SYMBOL: ALM
February 1, 2001
Anglo Minerals Announces Completion of Oilsands Drill Program
CALGARY, ALBERTA--Anglo Minerals Ltd. (CDNX-ALM) is pleased to announce
the successful completion of the fall 2000 Oilsands drill program.
Anglo Minerals has a 5% carried interest on 23,040 acres of Oilsands
permits and 49% of 138,240 acres of coal leases, 60 miles N.W. of Fort
McMurray, Alberta.
The fall 2000 drill program completed 17 core holes on the Oilsands
permits, of which a majority of the core holes encountered promising
Oilsands results. The winter 2001 drill program commenced on January 6,
2001 and will be completed at the end of February 2001, in which 40-60
holes will be drilled.
Anglo Minerals recently signed an agreement with SynEnCo Energy Inc. of
Calgary, in which SynEnCo Energy has the exclusive right for two years
to buy out Anglo Minerals 5% carried interest in the Oilsands permits
and the 49% interest in the coal leases.
The Firebag coal property has 87 million metric tonnes measured, 162
million metric tonnes indicated and 569 million metric tonnes inferred,
for a total of 819 million metric tonnes of coal under all categories of
reserves.
Anglo Minerals will continue to pursue promising mining and energy
properties for development and expansion.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd.
Todd Montgomery
President and C.E.O.
(403) 262-2727
(403) 284-4431 (FAX)