Post by Franko10 ™ on Aug 30, 2005 17:16:50 GMT -5
August 30, 2005
Las Vegas, Nevada: US Canadian Minerals, Inc. (Pink Sheets: USCA) is pleased to announce it has reached an agreement with NORTH STAR DIAMONDS, INC.(NQB Pink Sheets: NSDM) for a joint drilling program with North Star Diamonds, Inc.
The diamond exploration will begin on PHASE 4 (Whitemouth Lake) with geophysical work followed by a drill program on three targets. Drilling will commence as soon as geophysical work is completed and drilling equipment is available.
USCA has issued 139,534 shares of USCA stock to North Star Diamonds, Inc. for the investment for a 20% royalty after extraction expenses in Phase 4.USCA has an option to make further investments to increase its interest in PHASE 4 to 80%.
North Star Diamonds, Inc. will be operator of the project, and Walter Stunder, President and CEO of NSDM, and Rendal Williams, CEO of U S Canadian Minerals, Inc.will be traveling to Manitoba to meet with the geologist and drillers as well as government officials. Mr. Stunder has experience in diamond exploration.
We are very pleased to be participating with North Star Diamonds, Inc. U S Canadian Minerals, Inc. is very pleased to become active in this exciting role of development in the Manitoba diamond exploration project, stated Mr. Rendal Williams
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.