Jascan, Novamin get results from Dufferin bet in N.S.

Assay results from the first 13 holes of a 25-hole program on the Dufferin mine property in Nova Scotia, have been recieved by joint- venture partners Jascan Resources of Toronto and Novamin Resources.

Visible gold was recorded in 19 of the 25 holes. And two holes, numbers 25 and 32, cut sections in excess of 10 ft and returned grades of 0.437 and 0.290 oz gold per ton respectively.

Other results were as follows: Hole Intersection Assay

(ft) (oz gold/ton) 22 1.0 0.142 23 5.0 0.068

5.0 0.193

5.0 0.232

5.7 0.139 24 5.0 0.074 25 10.55 0.437 28 1.0 0.141

1.0 0.140 29 1.0 0.067

1.0 0.087 30 5.0 0.186 31 5.0 0.234

5.0 0.082 32 11.15 0.290 33 6.75 0.560

9.45 0.171

Two of the gold-bearing intersections were encounted at a depth of about 500 ft. All the remaining intersections were at shallower depths.

Since drilling started in January, 1987, 44 holes totalling 21,152 ft have been drilled. The majority of these were put down along a strike length of 1,800 ft. The gold-bearing zone is open along strike in both direction and is open down dip as well.

At the turn of the century, some 41,632 oz of the yellow metal were produced from 107,062 tons of ore taken from the western extremity of the zone. The majority of thst production came from an area above the 200-ft level.

Jascan shares traded at about $2.30 in Calgary this week while Novamin’s shares commanded a price of $1.40 on the tse.