North Atlantic (NAC.TO) Phase II drilling in Mali
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PRESS RELEASE
Symbol: "NAC" Toronto Stock Exchange
GOLD PROJECTS, REPUBLIC OF MALI
Drilling commences at the Foulalaba Project, southern Mali
Toronto, Canada, June 23rd 2004: Dr. Jon North, President and CEO of North Atlantic Resources Ltd. (“North Atlantic”) reports that Phase II exploration drilling has commenced at the Foulalaba Project in southern Mali. The Foulalaba Project is 50 km southwest of the Morila gold Mine (Anglogold-Randgold) and 225 km south of the capital city of Bamako. Phase I drilling, completed in December 2003, verified that gold was concentrated in saprolite and bedrock coincident with geochemical anomalies in soil and termite mound samples. The results included intersections of 10 meters grading 1.58 g/t gold and 4 meters grading 3.02 g/t gold. The current Phase I exploration drilling program will consist of 88 reverse circulation drill holes (4660 meters) in the southern part of the property. Three holes will test the extensions of gold mineralization discovered in the Phase I drilling and 75 drill holes will test newly documented Anomaly “A”, 2.5 km northwest of the Phase I drill holes. Recent mapping and prospecting have delineated 2 areas of artisanal workings and 10 drill holes are planned to test the nature and location of the gold anomalies in those areas. This drilling program will continue until the onset of the annual rainy season expected to begin in early July. The drilling results will be released when they become available. The technical information contained in this release and the technical work is being supervised by Jon North, Ph.D., P. Geo., who is a Qualified Person as defined by National Instrument 43- 101.
North Atlantic is engaged in the research, area selection, acquisition, and exploration of gold deposits in the Republic of Mali, west Africa. North Atlantic has 17,126,510 common shares issued and outstanding (23,323,049 on a fully diluted basis). This press release was prepared by North Atlantic Resources Ltd. and no regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Jon North, President and CEO
or
Nathalie Roy, Corporate Affairs
at phone (416) 703-6348
info@nac-tsx.com
Please visit www.nac-tsx.com to view maps and more project details.
suite 410, 55 Adelaide St. East, Toronto, Ontario, M5C 1K6, Canada
ph.: 416-703-6348, fax 416-703-6507, email: info@nac-tsx.com website www.nac-tsx.com
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