Cartaway, Peruvian resume drilling

Drilling on the southern margin of the Harp Lake Intrusive Complex in Labrador was expected to have resumed by presstime.

Vancouver-listed partners Cartaway Container and Peruvian Gold report that three holes were drilled before Christmas on a strong, magnetic conductor.

The first stopped short of the target; the second, drilled 100 metres to the north and east, returned 40 metres of sulphides with anomalous nickel, copper and cobalt values; and the third, drilled below the second, also stopped short of the target.

The partners hope to deepen the first and third holes, as well as drill a fourth hole on the southern part of the conductor.

.A

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TVX Gold Inc T 10169 $11 1/4

Barrick Gold T 9213 $39 5/8

Arequipa Res T 7416 $5 5/8

Placer Dome T 6530 $36 7/8

Echo Bay Mns T 5624 $16 3/8

Kinross Gld T 4707 $12 5/8

TVI Pacific T 3845 257

Ryl Oak Mns T 3787 $5 7/8

Inmet Mining T 3499 $9 3/8

Diamond Flds T 3360 $29

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