NEWS IN BRIEF — Montello eyes Alberta anomalies

Geochemical and ground magnetic surveys have identified nine potential kimberlite targets on the Troymin property near Hinton, Alta.

The 215,000-acre property is held 50% by Montello Resources (MEO-A), 40% by Troymin Resources (TYR-A), 5% by New Claymore Resources (NCS-V) and 5% by privately owned Rich Resource Investments.

The property is under option to Kennecott Canada, which can earn a 60% interest by spending $2 million by the end of 1998.

The Troymin block is adjacent to the 410,000-acre Masumeka block, also under option to Kennecott, where 24 diamonds have been recovered from stream-sediment samples.