News Release: February 15th, 2000
Brett Option Agreement Terminated
Brett Resources Inc. (BRN: CDNX)
has formally acknowledged the lapsing of its option agreement
with Fairfield on the MOR and Caribou Creek properties, southern
Yukon Territory, effective December 31, 1999. Along with this
notice Fairfield has received a cash payment of approximately
$6,700 for the balance of Brett's initial (1999) exploration
expenditure commitment.
As mentioned in previous (1999)
News Releases, the MOR and Caribou Creek claim groups cover significant
volcanogenic massive sulphide (VMS) type base and precious metal
occurrences hosted in prospective stratigraphy of the Yukon-Tanana
Terrane. Fairfield believes that the properties hold considerable
potential for discovery of a substantial VMS deposit, however
further geochemical and geophysical surveys are required to expand
and/or refine existing anomalies prior to drill testing.
A year 2000 work program is currently
being planned, which will be funded by the Company or possibly
by another potential optionee.
ON BEHALF OF THE BOARD
OF DIRECTORS
Duane 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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