| | | April 18, 2005
Drill Programs Commence
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| | MBMI RESOURCES INC. (MBR-TSXV) "MBMI" is pleased to report that it has commenced an exploration program on its Bethlehem, Philippines nickel laterite property located near the town of Narra, on Palawan Island. This first phase program will incorporate test pitting and core drilling approximately 115 holes set on a 100X100 meter grid with an aggregate depth of approximately 1,500 meters.
The Bethlehem property is 3402 hectares in size, and located adjacent to the Platinum Group's Toronto property which has just commenced a Direct Shipping Ore operation. Evaluation of historical drill results has enabled MBMI to identify primary drilling targets on the property. Previous exploration and drilling activities conducted on the property, has revealed significant (>2% Ni) nickel mineralization on several identified areas. The program's objective will be to determine the commercial viability of a Direct Shipping Ore (DSO) program from the Bethlehem property.
Drilling resumes on McMillan, Ontario property
MBMI has been informed by Young-Shannon Gold Mines, Limited that drilling has resumed on MBMI's McMillan Gold Mine ("McMillan") property located in Espanola, Ontario. The objective of this program is to expand the new gold zone (see March 8-05 news release) as well as extend the gold mineralization from the previous mine workings. The McMillan project comprises 34 unpatented mining claim units in Mongowin and McKinnon townships.
MBMI maintains a major interest in four nickel properties in the Philippines, and also holds the rights to three Canadian gold projects.
For further information:
David G. Tafel - VP Corporate Development
Tel: 604-683-1991; Fax: 604-683-8544; Toll free: 1-877-399-1991
Email: mbr@mbmiresources.com
Website: www.mbmiresources.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. |
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| | You can view the Next News Releases item: Mon May 2, 2005, MBMI Expands Nickel Resource Potential
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