Moydow Mines International Inc.: Drilling Recommences
in Newfoundland
TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2004) - Brian Kiernan,
President and Chief Executive of Moydow Mines International Inc
announced today that drilling has recommenced at the Company's True Grit
project in south central Newfoundland.
The True Grit project is a joint venture between Moydow and Cornerstone
Capital Resources. Moydow has the option to earn up to an 80% interest
in the project and is the operator.
Previous drilling campaigns have outlined extensive intrusion related
gold mineralisation with features similar to other Late-Paleozoic
intrusion related gold systems worldwide.
During this drilling program, a total of 2000 meters will be drilled in
a series of deep holes (up to 500 meters). The target of this phase of
drilling is the down dip potential of a broad sheath of intensive
low-grade mineralization which was outlined in previous drilling
campaigns.
The new drilling campaign will be conducted by New Valley Drilling of
Springdale, Newfoundland.
The results of this phase of drilling are expected to be received
approximately three weeks after the completion of the drilling.
Moydow Mines is engaged in the exploration, acquisition and development
of precious metals worldwide. Corporate information is available on the
company's website www.moydow.com. Moydow is listed on the Toronto Stock
Exchange under the symbol 'MOY'.
'Signed'
Brian Kiernan
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Moydow Mines International Inc.
Michael Power
Vice President, Corporate Development
416-703-3751
www.moydow.com
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