|
Drilling Underway on Stenlund Property
Navasota Resources Ltd. (NAV:TSX-V) is pleased to announce that diamond drilling has commenced on its Stenlund Gold Property, 25 kilometres west of the prolific Hemlo Gold Camp in northern Ontario. Navasota has an option to acquire a 100% interest in the property from Teck Cominco Limited, subject to an underlying agreement (as reported in a news release dated September 28, 2004). The property consists of 37 contiguous claim units totalling 592 hectares, 10 kilometres southeast of Marathon, Ontario.
Navasota and Teck Cominco are planning a 2400-metre diamond drill program to further define the grade and continuity of Zone 109. Previous intersections through Zone 109 returned values of up to 9.3 g/t gold over 7.3 metres. Teck Cominco is operator for this program.
Navasota Resources Ltd. also wishes to announce that it has accepted the resignation of William S. Sanesh as a director of the company, and wishes Mr. Sanesh well in his future endeavours.
On behalf of the Board of Directors
Navasota Resources Ltd.
Signed
Christopher J. Wild, P.Eng.
President
Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.
|