NEWS ROUNDUP — Inco reviewing Schell Ranch

Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994.

The property is in Calaveras Cty., Ca. The Inco subsidiary has spent about $850,000 of the US$2.5 million required to earn a 60% interest from Colony Pacific Explorations (VSE).

Three deep holes have been drilled, all of which intersected intense alteration. Only minor zinc values were encountered.

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