Post by Franko10 ™ on Oct 18, 2005 15:35:16 GMT -5
Cons Pine, United Carina settle seven-claim dispute
2005-10-18 15:54 ET - News Release
See News Release (C-KPG) Consolidated Pine Channel Gold Corp
Mr. Rick Walker of United Carina reports
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. confirm that the Saskatchewan Department of Industry and Resources has notified the companies that title to seven claims (S-137714 to S-137720 inclusive) has been transferred to the companies as to 50 per cent each. Title to these claims had been in dispute since they were staked on Nov. 1, 2004, but the dispute has been settled and the companies now have clear title to them.
One of the seven claims contains a kimberlite pipe known as the Carolyn kimberlite. The companies participated in a five-hole drill program on this pipe in 2004 and had samples from one of the holes tested for diamond content. Only two microdiamonds were recovered, but further testing will probably be conducted on other samples from the drill holes.
CMKM Diamonds Inc. and U.S. Canadian Minerals are earning an interest in four of the claims, one of which includes the Carolyn kimberlite, and, when the earn-in obligations are complete, the property will be equally owned as to 25 per cent each, that is: United Carina 25 per cent, Consolidated Pine Channel 25 per cent, CMKM Diamonds 25 per cent and U.S. Canadian Minerals 25 per cent.
On behalf of the Board, Rick Walker President
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Last Edit: Oct 19, 2005 9:20:31 GMT -5 by Franko10 ™
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