| ||Thu Aug 21, 2003|
Muskox Minerals Corp. and Anglo American Exploration (Canada) Ltd. Commencement of drill program on the Muskox Layered Intrusion
| ||Muskox Minerals Corp. ("MSK") is very pleased to announce that the exploration program on the Muskox Layered Intrusion, being performed by Anglo American Exploration (Canada) Ltd. (AAEC) is underway and progressing well.|
On-site geological and geophysical surveys are currently being performed by the (AAEC) crews. Interpretation of data from the recent Spectrem airborne geophysical survey continues with the objective of identifying further conductive targets. Results of the initial phase of Spectrem geophysical data interpretation resulted in the rapid identification of 21 conductive targets of interest. On the basis of this success AAEC contracted 1500m of diamond-drilling to investigate some of these conductors.
The drill program commenced one week ago. To date one drill hole has been completed. A second diamond-drill hole is being drilled at present. This drill program will continue in the coming weeks. The results of the drilling and release of the assays are planned for release only after completion of the whole program.
Dr. Roger D. Morton, Muskox Minerals' President, stated . . . "It is most encouraging to observe the fervor with which AAEC have approached this new exploration push on the Muskox Layered Intrusion. We look forward to the results of this program which is geared towards the discovery of a large Ni-Cu-PGE orebody."
The primary asset of MSK is the Muskox Property located in the Nunavut Territory of northern Canada. The Muskox Layered Intrusion hosts nickel-copper-platinum-palladium sulphide bodies within several geological environments. The Muskox Minerals Corp. 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 current 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 Mineral's website: www.muskoxminerals.com
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