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Post by Franko10 ™ on Jan 28, 2005 23:31:28 GMT -5
Casavant Mining Kimberlite International Announces $3,000,000 Contract for Mineral Exploration and Drill Contract Program
- BusinessWire
LAS VEGAS, Aug 27, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (html-profile.asp?symb=CMKM) is pleased to announce that a contract for $3,000,000 has been negotiated and signed with Durama Enterprises Limited with work to begin immediately.
Durama Enterprises has been retained, and is contracted to provide an exploration service contract which includes, but is not limited to, all filings with appropriate agencies, drill permits, managing claims assessment work to keep claims in good standing, applying for government grants for mineral claims, line cutting for access to target drill locations, geophysical surveying including total field, vertical gradient magnetics, VLF-EM and HLEM surveys, geochemical surveys and completing the necessary airborne electro magnetic surveying needed to locate additional targets. Through the direction of management of Casavant Mining, the drilling program is scheduled to commence immediately with the coordination and under the supervision of CMKI's senior project geologist, Dr. Mark Hutchison.
Durama Enterprises Company Overview
Durama Enterprises is an established exploration service contractor which has been in business since 1979. Randy Studer, A.Sc.T. and Duane Studer, A.Sc.T, established Durama Enterprises after both had completed courses in mineral resource technology. The Company was built on a family history of active participation in the exploration and development of mineral properties in Northern Saskatchewan. Randy and Duane Studer grew up in La Ronge, in the heart of the La Ronge Gold Belt and benefit from the experience and counsel of Vernon Studer who has been involved in the exploration for gold and other minerals in the north for more than 40 years. The Company has been engaged in locating and developing properties in search for precious metals, base metals and diamonds in Northern Saskatchewan, Manitoba and Northwestern Ontario. In the process, the Company has trained an experienced work force with as many as 30 people employed in various fields.
Casavant Mining Company Overview
Casavant Mining is a mining and exploration company with mineral claims in Fort a la Corne which is known for its diamondiferous kimberlites for being some of the largest in the world. The Company currently has approximately 609,361 acres of mineral claims with options for approximately 1.9 million acres total in Fort a la Corne which lie most contiguously with known diamondiferous kimberlites owned by other operators in the region. Within the past several months, senior project geologist, Dr. Mark Hutchison has spent time in the field delineating targets and has identified 30 targets using certain criteria known for locating kimberlite bodies from regional aeromagnetic data and from low level, high resolution data collected by private enterprise. While Casavant Mining continues to focus on Fort a la Corne, the Company is currently negotiating a target acquisition elsewhere in Canada, also at this time. A small scale exploration program has now commenced, looking at the geochemistry of heavy mineral samples obtained from a very promising and poorly developed target area.
Casavant Mining Zinc Claims Overview
The Company also has zinc claims that include the original George Lake zinc deposit (also known as Brakewell Lake). The George Lake area has had numerous diamond drilling, airborne electro magnetic surveying, geological, magnetometor, surficial geology and soil sample surveys conducted on these claims, from the late 1960's, to the early 1990's, after diamond drilling was completed in 1969 to 1970, an ore reserve calculation was released and recorded on Saskatchewan mineral deposit index #0663 of the Saskatchewan industry and resources website. The ore reserve was stated and estimated to be 5,000,000 tons of low grade reserves at 1% to 2.65% and 2,900,000 tons high grade reserves at 2% to 3.67%.
This information was taken from a third party from a mineral property report from the Saskatchewan industry resources website, therefore, it cannot be guaranteed that this information is, in fact, accurate and can be accessed by going to www.ir.gov.sk.ca (click) department data bases, (click) mineral resource data bases, (click) Saskatchewan mineral deposit index, (click) search the mineral deposit index, (enter) 0663 in smdi field and (enter) George Lake in location field and (press) submit. (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663)
There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
SOURCE: Casavant Mining Kimberlite International
Casavant Mining Kimberlite International
Diamonds Hotline:
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
ipr@sasktel.net
www.businesswire.com
- BusinessWire
LAS VEGAS, Aug 27, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (html-profile.asp?symb=CMKM) is pleased to announce that a contract for $3,000,000 has been negotiated and signed with Durama Enterprises Limited with work to begin immediately.
Durama Enterprises has been retained, and is contracted to provide an exploration service contract which includes, but is not limited to, all filings with appropriate agencies, drill permits, managing claims assessment work to keep claims in good standing, applying for government grants for mineral claims, line cutting for access to target drill locations, geophysical surveying including total field, vertical gradient magnetics, VLF-EM and HLEM surveys, geochemical surveys and completing the necessary airborne electro magnetic surveying needed to locate additional targets. Through the direction of management of Casavant Mining, the drilling program is scheduled to commence immediately with the coordination and under the supervision of CMKI's senior project geologist, Dr. Mark Hutchison.
Durama Enterprises Company Overview
Durama Enterprises is an established exploration service contractor which has been in business since 1979. Randy Studer, A.Sc.T. and Duane Studer, A.Sc.T, established Durama Enterprises after both had completed courses in mineral resource technology. The Company was built on a family history of active participation in the exploration and development of mineral properties in Northern Saskatchewan. Randy and Duane Studer grew up in La Ronge, in the heart of the La Ronge Gold Belt and benefit from the experience and counsel of Vernon Studer who has been involved in the exploration for gold and other minerals in the north for more than 40 years. The Company has been engaged in locating and developing properties in search for precious metals, base metals and diamonds in Northern Saskatchewan, Manitoba and Northwestern Ontario. In the process, the Company has trained an experienced work force with as many as 30 people employed in various fields.
Casavant Mining Company Overview
Casavant Mining is a mining and exploration company with mineral claims in Fort a la Corne which is known for its diamondiferous kimberlites for being some of the largest in the world. The Company currently has approximately 609,361 acres of mineral claims with options for approximately 1.9 million acres total in Fort a la Corne which lie most contiguously with known diamondiferous kimberlites owned by other operators in the region. Within the past several months, senior project geologist, Dr. Mark Hutchison has spent time in the field delineating targets and has identified 30 targets using certain criteria known for locating kimberlite bodies from regional aeromagnetic data and from low level, high resolution data collected by private enterprise. While Casavant Mining continues to focus on Fort a la Corne, the Company is currently negotiating a target acquisition elsewhere in Canada, also at this time. A small scale exploration program has now commenced, looking at the geochemistry of heavy mineral samples obtained from a very promising and poorly developed target area.
Casavant Mining Zinc Claims Overview
The Company also has zinc claims that include the original George Lake zinc deposit (also known as Brakewell Lake). The George Lake area has had numerous diamond drilling, airborne electro magnetic surveying, geological, magnetometor, surficial geology and soil sample surveys conducted on these claims, from the late 1960's, to the early 1990's, after diamond drilling was completed in 1969 to 1970, an ore reserve calculation was released and recorded on Saskatchewan mineral deposit index #0663 of the Saskatchewan industry and resources website. The ore reserve was stated and estimated to be 5,000,000 tons of low grade reserves at 1% to 2.65% and 2,900,000 tons high grade reserves at 2% to 3.67%.
This information was taken from a third party from a mineral property report from the Saskatchewan industry resources website, therefore, it cannot be guaranteed that this information is, in fact, accurate and can be accessed by going to www.ir.gov.sk.ca (click) department data bases, (click) mineral resource data bases, (click) Saskatchewan mineral deposit index, (click) search the mineral deposit index, (enter) 0663 in smdi field and (enter) George Lake in location field and (press) submit. (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663)
There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
SOURCE: Casavant Mining Kimberlite International
Casavant Mining Kimberlite International
Diamonds Hotline:
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
ipr@sasktel.net
www.businesswire.com
