« Back to news list...

News Release
July 15, 2003

Drilling Resumes at Lewis Property, Nevada

Madison Enterprises Corp. (“Madison”) is pleased to announce that it has resumed drilling at its Lewis Property in Lander County, Nevada. The Lewis Property is strategically located within the Battle Mountain Mineral Belt, immediately adjacent to the north and northwest of Newmont Mining Corporation’s Phoenix-Fortitude Property.

Madison will undertake a two-phase drilling program comprised of 10,000 feet of combined reverse-circulation and core drilling. The initial 5,000 foot stage will evaluate a variety of geological, structural and geophysical targets, including a strong, broad chargeability anomaly detected in the TITAN MT-IP geophysical survey recently completed by Quantec Geoscience. This geophysical anomaly was detected on each of Madison’s surveyed lines over a 3,500 foot strike extent and it remains open to expansion beyond the survey area. The high chargeability anomaly is situated adjacent to, and locally overlapped by, a broad resistivity low feature, that occurs below all previous drilling on the Lewis Property.

The results and geologic information obtained in this first phase of drilling will be used to select drill sites for Madison’s second phase of drilling to further evaluate the extensive geophysical signature detected in the TITAN MT-IP survey.

On behalf of the Board of Directors of
MADISON ENTERPRISES CORPORATION

Signed: "Chet Idziszek"
Chet Idziszek, President

NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

« Back to news list...