News Release: March 7th, 2002
Drilling Set to Commence
on the ATW Diamond Project, NWT, Canada
ATW Resources Ltd. has mobilised a geologic
and diamond drilling crew to commence drilling geophysical anomalies
on the company's MacKay Lake project in the Northwest Territories
of Canada. These anomalies are spatially associated with a significant
indicator mineral train, believed to be related to a kimberlitic
source on the ATW project. This diamond drilling project will
test three targets, which are the highest priority geophysical
features. Drilling is expected to be underway by March 12, 2002.
The ATW project is located roughly equidistant
between the Diavik and Snap Lake diamond deposits. Almaden Minerals
Ltd. has a 40% interest in ATW Resources Ltd., which has a 75%
interest in the ATW project. The remaining 25% interest in the
property is held by Aber Diamond Corporation and SouthernEra
Resources Limited., which hold a 15% and a 10% interest respectively.
ON BEHALF OF THE BOARD
OF DIRECTORS
Morgan Poliquin
The Toronto Stock Exchange
has not reviewed nor accepted responsibility for the adequacy
or accuracy of the contents of this news release which has been
prepared by management. Statements contained in this news release
that are not historical facts are forward looking statements
as that term is defined in the private securities litigation
reform act of 1995. Such forward -looking statements are subject
to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
are detailed in the Company's filing with the Securities and
Exchange Commission.
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