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Post by Franko10 ™ on Oct 16, 2005 17:54:24 GMT -5
Morgain Minerals Inc. - Announcement
Business Wire, March 19, 2001
TORONTO--(BUSINESS WIRE)--March 19, 2001
Morgain Minerals Inc. (CDNX:MGM.)
The Company is pleased to announce the staking of a 46,000-hectare block to cover a large gypsum basin in the state of Coahuila, Mexico that includes and surrounds gypsum claims previously staked by the Company and described in the Company's media release of March 5, 2001.
A number of other significant pure selenite beds have been outlined within the main gypsum horizon by Company geologists. Since pure gypsum (99% gypsum) is in short supply worldwide, it was imperative that this block be staked to protect this significant selenite resource.
Three chemical assays taken from an exposed part of one of the selenite beds, and tabulated below, indicate a large source of over 99% pure gypsum, a product that is used in the high-end gypsum filler and plaster industries, that command prices ranging from US $80.00 - $400.00 per tonne.
Sample Width Assay
Number Metres Feet Gypsum%
Chup 6 3.0 9.9 99.6
Can 24 1.0 3.3 99.7
Can 25 2.0 6.6 99.6
Pure gypsum as illustrated in the above table is used in food and pharmaceutical applications and certain products such as dental plasters that command prices ranging from US $1,175 - $3,500 per tonne.
On another front the development of the La Sauceda silver vat leach plant in Zacatecas, Mexico should begin production prior to the end of March, 2001.
A Company investor Relations representative can he contacted via:
Joe Maire - Tel: 416-364-5756
Fax. 416-364-2595
E-Mail: morgain@istar.ca
www.morgainminerals.com
Morgain Minerals Inc.
121 Richmond Street West,
Toronto, Ontario, Canada M5H 2K1
Shares Outstanding: 23,576,560
The information contained herein was authorized for media release by Company President Raymond J. Mongeau and includes "forward looking statements" that express expectation of future events or results. Such statements are based upon future expectations rather than "historical facts". Therefore, a number of risks and uncertainties are involved and the Company cannot extend assurance that such statements will prove to be correct.
No regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of the statements made herein.
COPYRIGHT 2001 Business Wire
Business Wire, March 19, 2001
TORONTO--(BUSINESS WIRE)--March 19, 2001
Morgain Minerals Inc. (CDNX:MGM.)
The Company is pleased to announce the staking of a 46,000-hectare block to cover a large gypsum basin in the state of Coahuila, Mexico that includes and surrounds gypsum claims previously staked by the Company and described in the Company's media release of March 5, 2001.
A number of other significant pure selenite beds have been outlined within the main gypsum horizon by Company geologists. Since pure gypsum (99% gypsum) is in short supply worldwide, it was imperative that this block be staked to protect this significant selenite resource.
Three chemical assays taken from an exposed part of one of the selenite beds, and tabulated below, indicate a large source of over 99% pure gypsum, a product that is used in the high-end gypsum filler and plaster industries, that command prices ranging from US $80.00 - $400.00 per tonne.
Sample Width Assay
Number Metres Feet Gypsum%
Chup 6 3.0 9.9 99.6
Can 24 1.0 3.3 99.7
Can 25 2.0 6.6 99.6
Pure gypsum as illustrated in the above table is used in food and pharmaceutical applications and certain products such as dental plasters that command prices ranging from US $1,175 - $3,500 per tonne.
On another front the development of the La Sauceda silver vat leach plant in Zacatecas, Mexico should begin production prior to the end of March, 2001.
A Company investor Relations representative can he contacted via:
Joe Maire - Tel: 416-364-5756
Fax. 416-364-2595
E-Mail: morgain@istar.ca
www.morgainminerals.com
Morgain Minerals Inc.
121 Richmond Street West,
Toronto, Ontario, Canada M5H 2K1
Shares Outstanding: 23,576,560
The information contained herein was authorized for media release by Company President Raymond J. Mongeau and includes "forward looking statements" that express expectation of future events or results. Such statements are based upon future expectations rather than "historical facts". Therefore, a number of risks and uncertainties are involved and the Company cannot extend assurance that such statements will prove to be correct.
No regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of the statements made herein.
COPYRIGHT 2001 Business Wire
