Exall Resources Limited: Third Drill Rig Starts at Gold Eagle
Posted on: Wednesday, 12 April 2006, 15:00 CDT
Exall Resources Limited ("Exall") (TSX:EXL)(OTCBB: EXALF) and Southern Star Resources Inc. (TSX VENTURE:SSR) are pleased to report that a third diamond drill rig has started drilling on the Gold Eagle Project as of April 8th. The third rig will be initially used to test the potential of the up dip extension of the high grade Bruce Channel Discovery.
The Companies have raised a total of approximately $28,000,000 in the past three weeks which will enable a continued aggressive program of exploration and development of the Gold Eagle Project.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Exall's expectations and projections.
Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL; in the United States, Exall trades as EXALF on the US OTC Market (S.E.C. registration #82-3535). Exall is active in the business of gold exploration and development in Red Lake, Ontario, as well as oil and gas exploration, development and production from its properties in Alberta, British Columbia, Texas and in the North Sea offshore the United Kingdom. Exall also owns 3,310,000 common shares of Southern Star Resources Inc., Exall's joint venture partner in the Gold Eagle Project.
There are 77,660,530 million common shares issued and outstanding of Exall.
Contacts: Exall Resources Limited Stephen G. Roman Chairman, President and CEO (416) 368-3949 (416) 368-5146 (FAX) www.exall.com
SOURCE: Exall Resources Limited
Source: MARKET WIRE
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