Replies to Post #2308 onEd's Thread

Replies to post #2308 on Ed's Thread

Replies to #2308 on Ed's Thread

02/28/05 8:51 AM

#2309 RE: Ed Monton #2308

New Millennium Capital Corp. Announces the Second
Group of Drill Core Analysis Results After Completion
of 2004 Drilling Activities on the Labmag Iron Ore
Project in Labrador

CALGARY, ALBERTA--(CCNMatthews - Feb. 28, 2005) - New Millennium Capital
Corp. (TSX VENTURE:NML) ("NML") is pleased to provide the second update
on the partial results received of drill core analysis for the 2004
drilling program on its 80% owned LabMag Iron Ore Project near Howells
River in Labrador ("the Property") which is located 30 kilometres west
of Schefferville, Quebec.

The objective of the ongoing drill program is to demonstrate the
existence of a minimum indicated resource of 660 million tonnes of iron
ore, sufficient to operate the planned facilities for 20 years. This
drill programme may extend into the fall of 2005.

The January 12, 2005 News Release (05-01) reported on the results of
nine holes or 629 metres that were drilled on two section lines
traversing block "A". The present News Release reports the results of an
additional 27 holes with a combined length of 1,772 metres that were
drilled on seven additional section lines traversing block "A". These
latest results continue to indicate that a high quality concentrate, in
the order of more than 69% and less than 3% silica, can be made from the
rock represented by these diamond drill cores.

Cross-sections based on the 2004 drilling for lines 853, 861, 869, 877,
901, 909 and 917 are now provided and attached. Cross-sections 885 and
893 were released earlier.

Partial results for the second group of 27 drill holes analysed in the
2004 program are reported in Table 1 - Core Analysis - Statistical
Results. In addition, a plan view of all the diamond drill holes, with
those drilled in 2004 identified separately, and the 7 cross-sections
are attached. Results for 36 holes on 9 cross-sections have been
released to date. Drill core analyses and test results on an additional
36 holes are in process. These will be reported in future news releases.

NML is continuing with the core analysis and testing of the remainder of
the holes drilled in 2004 and all results are expected to be available
by March 31st 2005. Further results will be released as available.

In January, 2005, NML's President and CEO, Robert Martin, headed a 3 man
marketing team to the Far East. In addition to being part of the Canada
Trade Mission to China representing the natural resource industry. Mr.
Martin and his team met all of the major steel producers in South Korea,
China and the Province of Taiwan. They also met with major trading
companies in both China and Japan. In Europe and North America,
preliminary contacts have been made with the large iron ore users to
schedule presentations. Iron ore users have shown a high level of
interest and further meetings are scheduled to develop potential
business relationships.

Geological modelling has commenced. A scoping study has been initiated
by the NML (LabMag team) of technical specialists. This study will
outline the various facilities such as the mine, crusher, concentrator,
pipeline, pellet plant, port and other associated facilities required to
develop the project. The study is expected to be complete by May 15,
2005.

Dean Journeaux, Eng., is the Qualified Person as defined in National
Instrument 43-101 who has reviewed and verified the scientific and
technical mining disclosure contained in this press release.

The Corporation's objective is to develop a mining and concentrating
complex in Labrador that will mine 33 million tonnes of crude iron ore
per year to produce 10 million tonnes per year of concentrate and
pellets for a minimum of 20 years. Subject to the completion of positive
feasibility studies, project financing and project construction, the
concentrate would be pumped from Labrador through a slurry pipeline,
about 600 kilometers, to the Port of Sept-Iles, Quebec. The concentrate
would be pelletised in Sept-Iles. This port, which is located on the
north shore of the St. Lawrence River, about 900 km east of Montreal, is
open for year round vessel shipping. It is expected that the final
pellet product would be shipped to markets in Canada, the United States,
Western Europe and Asia.

A map is available on CCNMatthews' website at the following address:
http://www2.ccnmatthews.com/database/fax/2000/228nml_p3.pdf

 
  
 Table 1 Core Analysis - Statistical Results 
  
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 BOREHOLE                             TRUE  ROCK  HEAD 
 #         -FROM-     -TO-  LENGTH  LENGTH  TYPE    Fe  DTWR  DTCFe  SiO2 
 ------------------------------------------------------------------------ 
          (metres) (metres)(metres)(metres)         (%)   (%)    (%)  (%) 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1070D 
 ------------------------------------------------------------------------ 
              1.5     14.9    13.4    13.3   PGC  31.8  29.1   69.7   3.1 
             14.9     20.7     5.8     5.8   LRC  32.0  31.8   70.3   1.8 
             20.7     46.9    26.2    26.1  LRGC  29.0  23.2   69.9   2.1 
 ------------------------------------------------------------------------ 
    TOTAL                     45.4    45.2 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.4  26.2   70.2   2.4 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1071D 
 ------------------------------------------------------------------------ 
              2.0      3.7     1.7     1.7    GC  33.0  33.8   69.6   2.7 
              3.7      9.1     5.5     5.5   URC  37.0  34.3   70.1   2.6 
              9.1     26.2    17.1    17.0   PGC  31.1  38.8   68.8   3.7 
             26.2     30.5     4.3     4.2   LRC  28.6  32.4   70.1   1.9 
 ------------------------------------------------------------------------ 
    TOTAL                     28.5    28.3 
 ------------------------------------------------------------------------ 
  AVERAGE                                         32.0  36.7   69.3   3.1 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1072D 
 ------------------------------------------------------------------------ 
              1.1     10.2     9.1     9.1    LC  28.7  32.5   70.2   2.2 
             10.2     15.7     5.5     5.5  JUIF  35.8  28.0   70.0   2.3 
             15.7     18.9     3.2     3.2    GC  22.9  14.5   70.0   1.9 
             18.9     22.3     3.4     3.3   URC  39.2  38.0   69.4   3.1 
             22.3     36.1    13.9    13.8   PGC  32.6  37.9   69.2   3.7 
             36.1     48.3    12.2    12.1  LRGC  28.3  24.5   69.9   2.4 
 ------------------------------------------------------------------------ 
    TOTAL                     47.2    47.0 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.9  30.7   69.7   2.7 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1073D 
 ------------------------------------------------------------------------ 
              0.6     41.1    40.5    40.3  JUIF  28.7  31.6   69.8   2.4 
             41.1     43.3     2.1     2.1    GC  28.1  25.0   69.4   2.7 
             43.3     47.9     4.6     4.5   URC  36.1  45.5   65.3   7.1 
             47.9     51.1     3.2     3.2   PGC  35.6  46.1   64.9   7.8 
 ------------------------------------------------------------------------ 
    TOTAL                     50.4    50.2 
 ------------------------------------------------------------------------ 
  AVERAGE                                         29.7  33.5   69.0   3.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1062D 
 ------------------------------------------------------------------------ 
              1.7     12.5    10.8    10.8   PGC  31.3  36.0   70.2   3.4 
             12.5     21.3     8.8     8.8   LRC  32.6  33.3   69.4   3.2 
             21.3     45.7    24.4    24.2  LRGC  28.7  25.5   70.3   1.7 
 ------------------------------------------------------------------------ 
    TOTAL                     44.0    43.8 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.1  29.6   70.1   2.4 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1063D 
 ------------------------------------------------------------------------ 
              1.5     12.6    11.1    11.1  JUIF  32.2  20.8   69.7   2.8 
             12.6     15.4     2.7     2.7    GC  26.4  24.7   69.4   2.5 
             15.4     21.3     5.9     5.9   URC  37.2  35.8   70.0   2.4 
             21.3     33.4    12.0    12.0   PGC  32.5  35.8   69.8   2.2 
             33.4     43.9    10.5    10.5   LRC  30.8  26.6   70.4   2.3 
             43.9     67.1    23.2    23.0  LRGC  30.2  27.5   70.5   1.9 
 ------------------------------------------------------------------------ 
    TOTAL                     65.5    65.2 
 ------------------------------------------------------------------------ 
  AVERAGE                                         31.5  28.4   70.1   2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1064D 
 ------------------------------------------------------------------------ 
              2.1     20.7    18.6    18.5  JUIF  31.7  27.7   70.7   1.9 
             20.7     23.2     2.4     2.4    GC  29.1  27.5   70.1   2.2 
             23.2     29.4     6.2     6.2   URC  37.5  30.5   70.6   2.0 
             29.4     48.5    19.1    18.9   PGC  30.8  36.9   68.6   4.3 
             48.5     54.6     6.1     6.1   LRC  31.0  31.5   70.9   1.5 
             54.6     76.2    21.6    21.5  LRGC  29.8  27.4   71.2   1.4 
 ------------------------------------------------------------------------ 
    TOTAL                     74.1    73.6 
 ------------------------------------------------------------------------ 
  AVERAGE                                         31.3  30.5   70.3   2.3 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1065D 
 ------------------------------------------------------------------------ 
              2.1     11.9     9.8     9.7    LC  27.3  27.4   69.6   2.8 
             11.9     32.3    20.4    20.3  JUIF  30.2  31.7   70.6   1.7 
             32.3     36.4     4.1     4.1    GC  31.6  31.5   69.1   2.5 
             36.4     38.9     2.4     2.4   URC  32.7  36.0   69.2   3.8 
             38.9     60.2    21.3    21.2   PGC  31.7  38.0   68.5   4.6 
             60.2     66.6     6.4     6.4   LRC  30.1  29.5   70.6   2.0 
             66.6     90.2    23.6    23.5  LRGC  29.0  25.1   71.0   1.5 
 ------------------------------------------------------------------------ 
    TOTAL                     88.1    87.6 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.0  30.9   70.0   2.6 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1066D 
 ------------------------------------------------------------------------ 
              0.6     19.4    18.7    18.6    LC  29.6  27.0   69.1   2.9 
             19.4     42.7    23.3    23.2  JUIF  30.8  31.9   70.2   2.0 
             42.7     46.5     3.8     3.8    GC  29.7  26.7   69.9   2.3 
             46.5     52.6     6.1     6.1   URC  38.0  31.7   69.6   2.8 
             52.6     70.0    17.4    17.3   PGC  28.2  24.9   69.8   2.2 
             70.0     83.1    13.1    13.0   LRC  28.3  24.8   70.1   1.6 
             83.1    100.0    16.9    16.8  LRGC  28.8  26.2   70.4   1.5 
 ------------------------------------------------------------------------ 
    TOTAL                     99.4    98.8 
 ------------------------------------------------------------------------ 
  AVERAGE                                         29.8  27.6   69.9   2.1 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1058D 
 ------------------------------------------------------------------------ 
  
             2.7      8.8      6.1     6.1   URC  36.8  32.2   70.3  2.1 
             8.8     18.0      9.1     9.1   PGC  32.5  40.5   69.2  3.7 
            18.0     30.0     12.0    12.0   LRC  30.6  27.9   70.2  2.3 
            30.0     51.2     21.2    21.1  LRGC  29.6  23.6   70.5  2.0 
 ------------------------------------------------------------------------ 
 TOTAL                        48.5    48.2 
 ------------------------------------------------------------------------ 
 AVERAGE                                          31.3  28.9   70.1  2.4 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1059D 
 ------------------------------------------------------------------------ 
             1.5      8.8      7.3     7.3  JUIF  33.7  21.2   69.7  2.7 
             8.8     12.8      4.0     3.9    GC  31.1  29.8   69.4  2.4 
            12.8     19.5      6.7     6.7   URC  39.1  43.4   70.6  1.9 
            19.5     34.1     14.6    14.5   PGC  32.9  40.3   70.2  2.1 
            34.1     41.1      7.0     7.0   LRC  30.5  35.0   70.5  1.9 
            41.1     64.0     22.9    22.7  LRGC  28.9  24.8   70.5  1.7 
 ------------------------------------------------------------------------ 
 TOTAL                        62.5    62.1 
 ------------------------------------------------------------------------ 
 AVERAGE                                          31.8  31.5   70.3  2.0 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1060D 
 ------------------------------------------------------------------------ 
             1.7      6.1      4.4     4.4    LC  30.4  36.7   70.4  2.2 
             6.1     28.3     22.3    22.1  JUIF  30.7  26.5   70.3  2.2 
            28.3     32.6      4.3     4.2    GC  27.6  23.3   70.0  2.3 
            32.6     39.6      7.0     7.0   URC  36.2  35.8   70.9  1.9 
            39.6     45.7      6.1     6.1   PGC  32.4  38.4   69.9  2.8 
            45.7     54.9      9.1     9.1   LRC  27.4  24.7   69.4  2.6 
            54.9     86.9     32.0    31.8  LRGC  25.5  18.0   69.1  2.1 
 ------------------------------------------------------------------------ 
 TOTAL                        85.2    84.7 
 ------------------------------------------------------------------------ 
 AVERAGE                                          28.8  25.1   69.8  2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1061D 
 ------------------------------------------------------------------------ 
             0.9     16.5     15.5    15.5    LC  31.2  34.8   70.3  2.2 
            16.5     39.0     22.6    22.4  JUIF  31.4  30.7   70.3  2.0 
            39.0     42.7      3.7     3.6    GC  26.9  25.3   70.1  2.2 
            42.7     45.7      3.0     3.0   URC  38.6  35.8   70.2  2.7 
            45.7     61.6     15.8    15.8   PGC  31.6  33.7   69.5  2.9 
            61.6     71.9     10.4    10.3   LRC  25.7  20.9   69.8  2.3 
            71.9     94.5     22.6    22.4  LRGC  28.5  25.1   70.4  1.6 
 ------------------------------------------------------------------------ 
 TOTAL                        93.6    93.0 
 ------------------------------------------------------------------------ 
 AVERAGE                                          30.1  29.4   70.1  2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1067D 
 ------------------------------------------------------------------------ 
             1.4      5.3      4.0     3.9  JUIF  32.8  22.5   68.8  2.8 
             5.3      8.1      2.7     2.7    GC  26.8  24.2   68.7  3.5 
             8.1     12.2      4.1     4.1   URC  37.4  35.8   69.6  2.7 
            12.2     31.7     19.5    19.4   PGC  31.3  32.5   69.4  2.7 
            31.7     39.0      7.3     7.3   LRC  29.3  25.8   70.0  1.7 
            39.0     61.0     21.9    21.8  LRGC  29.8  26.5   70.0  1.7 
 ------------------------------------------------------------------------ 
 TOTAL                        59.6    59.2 
 ------------------------------------------------------------------------ 
 AVERAGE                                          30.8  28.6   69.6  2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1068D 
 ------------------------------------------------------------------------ 
             1.4     22.9     21.5    21.4    LC  29.1  30.0   70.0  2.6 
            22.9     27.1      4.3     4.2  JUIF  34.3  31.8   69.8  2.4 
            27.1     31.4      4.3     4.2    GC  31.5  36.8   70.0  2.3 
            31.4     35.5      4.1     4.1   URC  36.3  38.4   69.4  2.9 
            35.5     54.3     18.7    18.6   PGC  29.7  30.3   68.9  2.9 
            54.3     60.8      6.6     6.5   LRC  25.6  23.9   69.7  2.4 
            60.8     86.6     25.8    25.6  LRGC  30.8  35.7   66.0  5.3 
 ------------------------------------------------------------------------ 
 TOTAL                        85.2    84.7 
 ------------------------------------------------------------------------ 
 AVERAGE                                          30.2  32.2   68.5  3.5 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1069D 
 ------------------------------------------------------------------------ 
            0.9      35.1     34.1    33.9    LC  29.9  33.9   69.4  2.3 
           35.1      44.5      9.4     9.4  JUIF  32.9  29.1   70.0  2.3 
           44.5      47.2      2.7     2.7    GC  19.0  17.5   69.9  2.2 
           47.2      54.1      6.9     6.8   URC  37.0  31.5   70.2  2.1 
           54.1      71.9     17.8    17.7   PGC  29.5  30.9   69.4  2.9 
           71.9      80.2      8.2     8.2   LRC  26.2  21.1   70.4  1.8 
           80.2     103.3     23.2    23.0  LRGC  28.6  19.4   70.5  2.2 
 ------------------------------------------------------------------------ 
 TOTAL                       102.4   101.8 
 ------------------------------------------------------------------------ 
 AVERAGE                                          29.7  28.0   69.9  2.3 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1082D 
 ------------------------------------------------------------------------ 
            1.5      20.7     19.2    19.1   PGC  31.4  34.7   69.6  3.0 
           20.7      51.2     30.5    30.3  LRGC  29.6  28.9   68.7  2.4 
 ------------------------------------------------------------------------ 
 TOTAL                        49.7    49.4 
 ------------------------------------------------------------------------ 
 AVERAGE                                          30.3  31.1   69.1  2.6 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1083D 
 ------------------------------------------------------------------------ 
            1.1       6.1      5.0     5.0   URC  35.6  30.0   70.4  2.5 
            6.1      23.9     17.8    17.7   PGC  30.8  35.7   69.2  3.7 
           23.9      54.1     30.2    30.0  LRGC  29.5  25.5   70.4  1.8 
 ------------------------------------------------------------------------ 
 TOTAL                        53.0    52.7      
 ------------------------------------------------------------------------ 
 AVERAGE                                          30.5  29.4   70.0  2.5 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1084D 
 ------------------------------------------------------------------------ 
              1.4     11.6    10.2    10.2    LC  29.4  36.6   67.8   5.2 
             11.6     15.5     4.0     3.9  JUIF  32.6  33.5   69.5   2.9 
             15.5     19.1     3.5     3.5    GC  27.1  23.0   70.2   1.8 
             19.1     23.6     4.6     4.5   URC  35.0  24.0   69.6   3.0 
             23.6     44.7    21.0    20.9   PGC  29.9  29.0   69.4   3.1 
             44.7     48.3     3.7     3.6   LRC  26.2  25.5   69.9   1.4 
             48.3     74.7    26.4    26.2  LRGC  30.1  20.1   70.7   1.8 
 ------------------------------------------------------------------------ 
    TOTAL                     73.3    72.9 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.0  26.3   69.7   2.8 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1085D 
 ------------------------------------------------------------------------ 
              1.7     19.4    17.7    17.6    LC  28.2  32.1   67.7   5.3 
             19.4     35.1    15.7    15.6  JUIF  29.2  25.3   69.6   2.8 
             35.1     40.2     5.2     5.2   URC  30.5  37.0   70.1   2.5 
             40.2     61.9    21.6    21.5   PGC  28.6  27.7   69.9   2.1 
             61.9     77.7    15.8    15.8   LRC  26.5  15.3   70.9   0.9 
             77.7     90.7    13.0    12.9  LRGC  28.2  20.3   70.3   2.1 
 ------------------------------------------------------------------------ 
    TOTAL                     89.0    88.5 
 ------------------------------------------------------------------------ 
  AVERAGE                                         28.3  25.4   69.7   2.7 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1086D 
 ------------------------------------------------------------------------ 
              0.9     23.8    22.9    22.7   PGC  29.8  36.1   67.9   5.0 
             23.8     29.9     6.1     6.1   LRC  28.0  20.0   70.0   2.0 
             29.9     46.9    17.1    17.0  LRGC  30.8  27.0   70.0   1.8 
 ------------------------------------------------------------------------ 
    TOTAL                     46.0    45.8 
 ------------------------------------------------------------------------ 
  AVERAGE                                         29.9  30.6   69.0   3.4 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1086A 
 ------------------------------------------------------------------------ 
              1.2      7.5     6.2     6.2    LC  28.3  35.0   69.8   2.7 
              7.5     12.8     5.3     5.3  JUIF  31.6  32.0   69.4   2.7 
             12.8     16.0     3.2     3.2    GC  18.1  11.0   69.1   2.9 
             16.0     23.6     7.6     7.6   URC  35.7  29.0   70.4   2.3 
             23.6     44.7    21.0    20.9   PGC  29.4  33.6   70.2   2.7 
             44.7     50.6     5.9     5.9   LRC  25.7  22.5   70.6   1.0 
             50.6     66.0    15.4    15.3  LRGC  27.8  24.3   70.0   1.3 
 ------------------------------------------------------------------------ 
    TOTAL                     64.8    64.4 
 ------------------------------------------------------------------------ 
  AVERAGE                                         28.9  28.7   70.1   2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1087D 
 ------------------------------------------------------------------------ 
              0.3     38.6    38.3    38.0  JUIF  29.6  31.1   69.9   2.3 
             38.6     41.0     2.4     2.4    GC   8.9   6.0   67.8   3.1 
             41.0     48.3     7.3     7.3   URC  28.0  22.0   68.7   3.7 
             48.3     71.0    22.7    22.6   PGC  26.0  28.0   64.2  10.1 
 ------------------------------------------------------------------------ 
    TOTAL                     70.7    70.3 
 ------------------------------------------------------------------------ 
  AVERAGE                                         27.5  28.3   67.9   5.0 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1088D 
 ------------------------------------------------------------------------ 
              0.6     21.0    20.4    20.3   PGC  29.9  36.4   68.5   4.5 
             21.0     23.9     2.9     2.9   LRC  29.0  33.5   70.6   1.1 
             23.9     48.2    24.2    24.1  LRGC  28.7  25.3   70.4   1.9 
 ------------------------------------------------------------------------ 
    TOTAL                     47.5    47.3 
 ------------------------------------------------------------------------ 
  AVERAGE                                         29.3  30.5   69.6   3.0 
 ------------------------------------------------------------------------ 
 HR 1089D 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
              0.9      3.7     2.7     2.7    GC  28.9  23.0   68.9   2.5 
              3.7     11.1     7.5     7.4   URC  36.1  37.9   70.5   2.2 
             11.1     27.9    16.8    16.7   PGC  29.3  37.0   68.5   4.4 
             27.9     33.8     5.9     5.9   LRC  29.6  30.5   69.9   1.6 
             33.8     43.3     9.4     9.4  LRGC  30.2  25.5   71.0   1.1 
 ------------------------------------------------------------------------ 
    TOTAL                     42.4    42.1 
 ------------------------------------------------------------------------ 
  AVERAGE                                         30.7  32.8   69.7   2.8 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1090D 
 ------------------------------------------------------------------------ 
              2.0     20.1    18.1    18.0  JUIF  30.9  32.1   70.6   1.8 
             20.1     23.2     3.0     3.0    GC  22.2  18.0   69.6   1.6 
             23.2     29.3     6.1     6.1   URC  35.8  33.5   70.6   1.7 
             29.3     49.1    19.8    19.7   PGC  29.9  32.1   69.1   3.3 
             49.1     53.2     4.1     4.1   LRC  25.0  29.0   69.7   1.3 
             53.2     79.9    26.7    26.5  LRGC  27.7  21.0   70.5   1.9 
 ------------------------------------------------------------------------ 
    TOTAL                     77.9    77.4 
 ------------------------------------------------------------------------ 
  AVERAGE                                         29.3  27.7   70.1   2.2 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
 HR 1091D 
 ------------------------------------------------------------------------ 
              4.9     44.7    39.8    39.6    LC  28.5  21.5   68.7   3.4 
             44.7     48.3     3.7     3.6  JUIF  34.5  27.0   69.8   2.0 
             48.3     52.7     4.4     4.4    GC  21.5  19.0   67.7   4.6 
             52.7     56.8     4.1     4.1   URC  36.6  33.0   70.1   2.2 
             56.8     75.3    18.4    18.3   PGC  28.6  32.7   69.8   2.2 
             75.3     82.3     7.0     7.0   LRC  27.6  30.0   70.1   1.3 
             82.3     93.0    10.7    10.6  LRGC  27.2  29.5   69.5   1.4 
 ------------------------------------------------------------------------ 
    TOTAL                     88.1    87.6 
 ------------------------------------------------------------------------ 
  AVERAGE                                         28.6  26.1   69.2   2.7 
 ------------------------------------------------------------------------ 
 TOTAL LENGTH               1782.0  1771.8 
 ------------------------------------------------------------------------ 
 ------------------------------------------------------------------------ 
  
 Note: Totals may vary due to rounding effects and the number of decimal 
 places used

............

Maps are available on CCNMatthews' website at the following addresses:

http://www2.ccnmatthews.com/database/fax/2000/228nml_p7.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p8.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p9.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p10.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p11.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p12.pdf

http://www2.ccnmatthews.com/database/fax/2000/228nml_p13.pdf

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
New Millennium Capital Corp.
Robert Martin
President and Chief Executive Officer
(514) 935-3204
or
New Millennium Capital Corp.
Dean Journeaux
Project Director
(514) 935-3204
Website: www.nmlresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy of adequacy of this release.

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