Owner
Post by Franko10 ™ on Oct 12, 2004 11:15:47 GMT -5
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 29, 1996--CONSOLIDATED PINE (VSE: KPG) -- Dale W. Hoffman, president of Consolidated Pine Channel Gold Corp. (the "company") is pleased to report that, after lengthy negotiations, a draft agreement has been received from a major mining company.
The major proposes to earn an interest in two diamond exploration areas of the Molinosa Arch in the Northern Mining District of Saskatchewan.
Mineral claims in the first area are held 100 percent by Consolidated Pine Channel, while ground in the second area is subject to a joint venture agreement with Canadian Entech Research Corp. (Consolidated Pine Channel - 58.2 percent; Canadian Entech 41.8 percent).
With regard to the first area, discussions are continuing in-house and between the company and the major and, regarding the second area, between the company, Canadian Entech and the major.
Regardless of which direction is chosen, both areas have the potential for hosting kimberlite bodies at an estimated depth of 100 metres, and work on those properties - ground geophysics to diamond drilling, will be completed prior to break-up.
An update on the ongoing diamond drilling program on the 50/50 joint venture (Consolidated Pine Channel - JNR Resources Inc.) northeastern Ontario diamond project will be forthcoming shortly. -0- CONSOLIDATED PINE CHANNEL GOLD CORP. Per: Dale W. Hoffman, President -0-
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
CONTACT: Consolidated Pine Channel Gold Corp.
Dale W. Hoffman, 604/687-2144 or 604/684-5118
604/682-8566 (Fax)
COPYRIGHT 1996 Business Wire
COPYRIGHT 2004 Gale Group
The major proposes to earn an interest in two diamond exploration areas of the Molinosa Arch in the Northern Mining District of Saskatchewan.
Mineral claims in the first area are held 100 percent by Consolidated Pine Channel, while ground in the second area is subject to a joint venture agreement with Canadian Entech Research Corp. (Consolidated Pine Channel - 58.2 percent; Canadian Entech 41.8 percent).
With regard to the first area, discussions are continuing in-house and between the company and the major and, regarding the second area, between the company, Canadian Entech and the major.
Regardless of which direction is chosen, both areas have the potential for hosting kimberlite bodies at an estimated depth of 100 metres, and work on those properties - ground geophysics to diamond drilling, will be completed prior to break-up.
An update on the ongoing diamond drilling program on the 50/50 joint venture (Consolidated Pine Channel - JNR Resources Inc.) northeastern Ontario diamond project will be forthcoming shortly. -0- CONSOLIDATED PINE CHANNEL GOLD CORP. Per: Dale W. Hoffman, President -0-
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
CONTACT: Consolidated Pine Channel Gold Corp.
Dale W. Hoffman, 604/687-2144 or 604/684-5118
604/682-8566 (Fax)
COPYRIGHT 1996 Business Wire
COPYRIGHT 2004 Gale Group
