| ||Tue Sep 23, 2003|
Muskox Minerals Corp. and Anglo American Exploration (Canada) Ltd. Completion of Phase 1 program on the Muskox Layered Intrusion
| ||Muskox Minerals Corp. ("MSK") is pleased to announce that the Phase 1 field exploration program on the Muskox Layered Intrusion, being performed by Anglo American Exploration (Canada) Ltd. (AAEC), is now completed and the field crews are now off-site. The program was performed in a most efficient manner and was within budget.|
Geological, ground geophysical surveys and geochemical soil sampling programs were performed by the (AAEC) crews who focused upon areas of interest defined by positive data acquired during the Spectrem airborne geophysical survey. The geochemical soil survey collected 965 samples for analysis with a view to better target definition. A total of 6 diamond drill holes were completed during this phase of exploration for a total of 1501 metres. The results of the drilling and release of the assays are planned for release once all the sampling and analysis is completed.
The primary asset of MSK is the Muskox Property located in the Nunavut Territory of northern Canada. The Layered Intrusion hosts nickel-copper-platinum-palladium sulphide bodies within several geological environments. The MSK team previously conducted an extensive exploration program on the Intrusion developing a large database integrating geological, geophysical and geochemical data. These data and resultant re-interpreted models and targets form part of the basis of AAEC's ongoing exploration program.
ON BEHALF OF THE BOARD OF
MUSKOX MINERALS CORP.
Dr. Roger D. Morton
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information from Muskox Minerals Corp., please contact the following persons: Dr. Roger D. Morton CEO, Phone: (780) 990-9610; Additional information on the Company may be sought at Muskox Minerals' website: www.muskoxminerals.com
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