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RED LAKE GOLD CAMP UPDATE AND FURTHER STAKING
Further to our January 13, 2004 News Release Belmont/Montoro (the
“Companies”) are pleased to provide an update on the
Red Lake winter exploration program.
The geophysics contractor has completed the line cutting on the
southern claim block and is starting detailed magnetic and VLF-em
surveying. The southern block is bordered on the west and south
sides by Rubicon/Goldcorp.
A second crew has commenced similar work on the northern claim
block. These claims are bordered by Rubicon along the north and
west sides and by the Goldcorp/MetalCORP Black Bear property, which
is currently under extensive exploration, to the northeast.
Upon review of the regional magnetic data the Companies have staked
an additional 35 units (560 hectares) to cover interpreted structural
features. These lands adjoin our southern block and fill in a gap
with Rubicon/Goldcorp on the west and north sides. This brings the
total land holdings in the Red Lake Camp to approx. 1296 hectares.
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