NEWS ROUNDUP — Canmine does EM work on Fer

Pulse electromagnetic (EM) surveys are being performed by Canmine Resources (CDN) on the Fer base metal property near Flin Flon, Man.

The surveys are intended to define targets for a 20,000-ft. winter drill program.

Previous work has delineated a major synclinal fold axis between two known mineralized zones. Canmine believes a large massive sulphide deposit could be present in the nose of the fold. Two strong EM anomalies have already been profiled and drilling to a vertical depth of 2,000 ft. is planned for each of these targets.

Financing will come from the Manitoba Exploration Incentive Program, under which Canadian investors can subscribe for up to $612,832 worth of Canmine flow-through shares at 45 cents each. Investors receive a 25% cash grant from the Manitoba government and, upon completion of the

program, a 100% Canadian Exploration Expense deduction allowable under the federal Income Tax Act.