Diana Res. begins drill program

Minnova Inc. (VSE), the operator, may earn up to a 65% interest in the property by spending up to $475,000 and making further cash payments totalling $30,000. To date, $120,000 has been spent.

In other business, Diana Resources has signed a joint venture agreement with Yellow Band Resources (VSE) relative to its 28 claim property in the Lake St. Jean area where a nickel showing was recently discovered. Yellow Band may earn up to a 50% interest in the property by spending $98,000 and making cash payments totalling $28,000 over three years. Yellow Band may earn an additional 20% by spending another $196,000.

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