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Post by Franko10 ™ on Oct 12, 2004 11:57:58 GMT -5
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 2, 1996-- CONSOLIDATED PINE (VSE: KPG)--Mr. Dale W. Hoffman, President of Consolidated Pine Channel Gold Corp. (the "Company") wishes to report that we have received, from both the De Beers laboratories, in South Africa, and from Lakefield Research Ltd., in Ontario, results of initial caustic dissolution tests on samples of kimberlite material from the Consolidated Pine Channel - JNR Resources Inc. northeastern Ontario joint venture exploration program.
The results of the treatment by caustic dissolution, at both facilities, on material from the first three kimberlite pipes drilled by the joint venture, have not been encouraging. Of the material sent for testing (OPAP pipe - 372.0 kg; BFK-1 pipe - 286.3 kg; C-31 pipe - 230.2 kg), no diamonds were recovered from any of the caustic dissolution residues.
Although these results are disappointing to the Company, the Consolidated Pine Channel - JNR Resources joint venture will await the results of similar testing of material from the last two pipes drilled, Seed No. 1 and Glinker No. 1, samples of which are being processed at both the De Beers laboratories in South Africa and Lakefield Research in Ontario, before making any decision on further drilling in Ontario.
For the present, both companies will concentrate on their Saskatchewan diamond properties, where pre-drilling work is currently taking place. As well, the Company and JNR Resources are engaged in negotiations with a major mining company with respect to a potentially rich base metals project.
Further results will be released as they become available.
CONSOLIDATED PINE CHANNEL GOLD CORP.
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
Fax, 604/682-8566
NTE/ET: www.infodine.com/kpg/kpg.htm
COPYRIGHT 1996 Business Wire
COPYRIGHT 2004 Gale Group
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The results of the treatment by caustic dissolution, at both facilities, on material from the first three kimberlite pipes drilled by the joint venture, have not been encouraging. Of the material sent for testing (OPAP pipe - 372.0 kg; BFK-1 pipe - 286.3 kg; C-31 pipe - 230.2 kg), no diamonds were recovered from any of the caustic dissolution residues.
Although these results are disappointing to the Company, the Consolidated Pine Channel - JNR Resources joint venture will await the results of similar testing of material from the last two pipes drilled, Seed No. 1 and Glinker No. 1, samples of which are being processed at both the De Beers laboratories in South Africa and Lakefield Research in Ontario, before making any decision on further drilling in Ontario.
For the present, both companies will concentrate on their Saskatchewan diamond properties, where pre-drilling work is currently taking place. As well, the Company and JNR Resources are engaged in negotiations with a major mining company with respect to a potentially rich base metals project.
Further results will be released as they become available.
CONSOLIDATED PINE CHANNEL GOLD CORP.
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
Fax, 604/682-8566
NTE/ET: www.infodine.com/kpg/kpg.htm
COPYRIGHT 1996 Business Wire
COPYRIGHT 2004 Gale Group
Furl it Print Send Subscribe
