First Two Holes Drilled on Smeaton Property Oct 12, 2004 13:27:29 GMT -5
Post by Franko10 ™ on Oct 12, 2004 13:27:29 GMT -5
UNITED CARINA RESOURCES CORP. ("UCA-V")
CONSOLIDATED PINE CHANNEL GOLD CORP. ("KPG-V;CPIGF-0")
- First Two Holes Drilled on Smeaton Property
United Carina Resources Corp. and Consolidated Pine Channel Gold Corp.
are pleased to announce that the first two holes drilled on their Smeaton,
Saskatchewan area property have encountered significant intersections of
Hole number one entered Kimberlite at a depth of 410 feet and
continued in Kimberlite to a depth of 903 feet for a total intersection of
483 feet. This intersection is one of the thickest to be encountered in
the Fort la Corne area to date. Hole number two entered Kimberlite at a
depth of 394 feet and stayed in Kimberlite to 640 feet for a total
thickness of 246 feet.
Preliminary logging of the two holes was conducted in a secure
warehouse and then split. The samples from the two holes were then
transported to the Saskatchewan Research Council's diamond laboratory in
Saskatoon for analysis.
After a short break to allow ground conditions to thaw and dry out,
drilling is about to resume on this target, with two or three more holes to
be drilled. The purpose of these holes is to further define the geometry
of the Kimberlite pipe and to provide further samples to assay for any
The Smeaton property is currently jointly owned by United Carina and
Pine Channel, with CMKM Diamonds Inc. (CMKX - Pink Sheets) and U.S.
Canadian Minerals Inc. (UCAD - OTC Bulletin Board) each earning a 25%
interest. The 25% interests will be earned by CMKM Diamond Inc. and U.S.
Canadian Minerals Inc. each providing US$50,000 and each funding
Cdn$200,000 worth of exploration on the 27 claim property. Following the
drilling of the current target, further work will be conducted on the other
areas of the property. Mr. Urban Casavant, President of CMKM Diamonds
Inc., the Operator, has informed the Companies that the project is ahead of
schedule and under budget.
The Qualified Person on this project is Mr. Ralph Newson of Saskatoon,
TEL: (306) 664-3828 Consolidated Pine Channel Gold Corp.
FAX: (306) 244-0042 Rick Walker, President, UCA and KPG
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