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Post by Franko10 ™ on Oct 16, 2005 13:54:04 GMT -5
Morgain Minerals Inc. - Exploration Update
Business Wire, June 25, 1997
TORONTO--(BUSINESS WIRE)--June 25, 1997--Morgain Minerals Inc., (VSE:MGM.) the Company wishes to announce preliminary results of it's airborne geophysical survey completed over the Argentina, Ines 4 and the Oro Yaqui 2 properties including an area south of the Argentina property which constitutes part of the El COMPA PROJECT near Sahuaripa, Sonora, Mexico.
The AG Survey outlined two large significant circular radiometric-magnetic low anomalies, each about 2-3 kms in diameter. One is located immediately north of the Argentina property now referred to as the NA anomaly and the other, south of the Argentina property referred to as the SA anomaly. Another large northwest-trending radiometric-magnetic-low anomaly coincidental with old gold showings and widespread gossans, and at least 1 km wide and 4 kms in length, exists on the Oro Yaqui 2 property.
The NA anomaly has a wide circular gossan zone along its northerly rim. Results of a recently completed reconnaissance geochemical survey over the area illustrates this anomaly to be strongly anomalous in gold. The NA anomaly area has all the characteristics representing an immensely large, gold-bearing gossan zone about 20 times the size of that found on the Argentina Gold Property where a recent drilling program encountered economic gold-bearing zones.
The ground Induced Polarization (I.P.) survey completed on the Argentina Gold Property revealed strong, wide I.P anomalies. Preliminary evaluation suggests that the I.P. survey needs to be extended both to the north and south to determine the length of the I.P. zone prior to determining drilling targets.
A major R.C. drilling program is presently being prepared for the Argentina Gold Property. It is our expectation to add drilling targets on the recently discovered large circular anomaly to the north (N.A. anomaly) as well.
THE OFELIA GOLD PROPERTY
Drilling on this property has now been completed and most of the assay results have now been received. Upon completion of assay checks, all results will follow in a complete report.
ON BEHALF OF THE BOARD JOSEPH DE FELICE VICE PRESIDENT -0-
Note to Editors: The information in this release was prepared by Raymond J. Mongeau for the company. The Vancouver Stock Exchange has neither approved nor disapproved the information herein.
CONTACT: Morgain Minerals Inc.
Joe De Felice, 416/364-5756
COPYRIGHT 1997 Business Wire
Business Wire, June 25, 1997
TORONTO--(BUSINESS WIRE)--June 25, 1997--Morgain Minerals Inc., (VSE:MGM.) the Company wishes to announce preliminary results of it's airborne geophysical survey completed over the Argentina, Ines 4 and the Oro Yaqui 2 properties including an area south of the Argentina property which constitutes part of the El COMPA PROJECT near Sahuaripa, Sonora, Mexico.
The AG Survey outlined two large significant circular radiometric-magnetic low anomalies, each about 2-3 kms in diameter. One is located immediately north of the Argentina property now referred to as the NA anomaly and the other, south of the Argentina property referred to as the SA anomaly. Another large northwest-trending radiometric-magnetic-low anomaly coincidental with old gold showings and widespread gossans, and at least 1 km wide and 4 kms in length, exists on the Oro Yaqui 2 property.
The NA anomaly has a wide circular gossan zone along its northerly rim. Results of a recently completed reconnaissance geochemical survey over the area illustrates this anomaly to be strongly anomalous in gold. The NA anomaly area has all the characteristics representing an immensely large, gold-bearing gossan zone about 20 times the size of that found on the Argentina Gold Property where a recent drilling program encountered economic gold-bearing zones.
The ground Induced Polarization (I.P.) survey completed on the Argentina Gold Property revealed strong, wide I.P anomalies. Preliminary evaluation suggests that the I.P. survey needs to be extended both to the north and south to determine the length of the I.P. zone prior to determining drilling targets.
A major R.C. drilling program is presently being prepared for the Argentina Gold Property. It is our expectation to add drilling targets on the recently discovered large circular anomaly to the north (N.A. anomaly) as well.
THE OFELIA GOLD PROPERTY
Drilling on this property has now been completed and most of the assay results have now been received. Upon completion of assay checks, all results will follow in a complete report.
ON BEHALF OF THE BOARD JOSEPH DE FELICE VICE PRESIDENT -0-
Note to Editors: The information in this release was prepared by Raymond J. Mongeau for the company. The Vancouver Stock Exchange has neither approved nor disapproved the information herein.
CONTACT: Morgain Minerals Inc.
Joe De Felice, 416/364-5756
COPYRIGHT 1997 Business Wire
