Owner
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
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
