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Post by Franko10 ™ on Jan 28, 2005 23:33:29 GMT -5
Casavant Mining Kimberlite International Announces Purchase of 25 Mineral Claims and Ground Magnetic Survey Update
- BusinessWire
LAS VEGAS, Sep 3, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International is pleased to announce the purchase of 25 mineral claims from North Sask Ventures Limited (a private company), approximately 10,912 acres in the Fort a la Corne area. After airborne magnetic surveys were conducted in the Fort a la Corne area, most of these claims were staked by previous claim holders, due to anomalies that were acquired from data taken from the airborne magnetic surveys. Two of the 25 claims are adjacent to known diamond-bearing property operated by Kensington (KRT), Cameco, DeBeers Joint Venture in Fort a la Corne. Claim #S-135017 is south of kimberlite body #152 and claim #S-15016 is north of kimberlite body #168 both which are operated by the joint venture. Claim #S-135018 is adjacent and north of Shore Gold's (SGF) Birch Lake kimberlite. The remaining mineral claims are strategically located and are currently surrounded by numerous other claims held by CMKI and other claim holders in the area.
Durama Enterprises Ltd. which was recently awarded the mining and exploration contract for CMKI have mobilized their crews and are currently working on the first phase of the contract. Durama has obtained and is authorized work permits which were issued by the Saskatchewan Environment approved for these 25 mineral claims and the previously announced 30 priority targets selected by senior project geologist, Dr. Mark Hutchison. These work permits are issued for line cutting and ground geophysics which include magnetic surveys, as well as gravity surveys. Seven targets of the first 55 selected have had ground magnetics completed by Durama on them with a gravity survey follow-up to commence shortly. Results for the first 7 targets are expected later this week or the first of next week. If the gravity survey is confirmed positive, the target will be drill-ready.
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. It 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
Diamonds Hotline
Melvin O'Neil, 306-752-3755 or 877-752-3755
ipr@sasktel.net
www.businesswire.com
money.cnn.com/news/deals/mergers/reports/629405040.html
- BusinessWire
LAS VEGAS, Sep 3, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International is pleased to announce the purchase of 25 mineral claims from North Sask Ventures Limited (a private company), approximately 10,912 acres in the Fort a la Corne area. After airborne magnetic surveys were conducted in the Fort a la Corne area, most of these claims were staked by previous claim holders, due to anomalies that were acquired from data taken from the airborne magnetic surveys. Two of the 25 claims are adjacent to known diamond-bearing property operated by Kensington (KRT), Cameco, DeBeers Joint Venture in Fort a la Corne. Claim #S-135017 is south of kimberlite body #152 and claim #S-15016 is north of kimberlite body #168 both which are operated by the joint venture. Claim #S-135018 is adjacent and north of Shore Gold's (SGF) Birch Lake kimberlite. The remaining mineral claims are strategically located and are currently surrounded by numerous other claims held by CMKI and other claim holders in the area.
Durama Enterprises Ltd. which was recently awarded the mining and exploration contract for CMKI have mobilized their crews and are currently working on the first phase of the contract. Durama has obtained and is authorized work permits which were issued by the Saskatchewan Environment approved for these 25 mineral claims and the previously announced 30 priority targets selected by senior project geologist, Dr. Mark Hutchison. These work permits are issued for line cutting and ground geophysics which include magnetic surveys, as well as gravity surveys. Seven targets of the first 55 selected have had ground magnetics completed by Durama on them with a gravity survey follow-up to commence shortly. Results for the first 7 targets are expected later this week or the first of next week. If the gravity survey is confirmed positive, the target will be drill-ready.
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. It 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
Diamonds Hotline
Melvin O'Neil, 306-752-3755 or 877-752-3755
ipr@sasktel.net
www.businesswire.com
money.cnn.com/news/deals/mergers/reports/629405040.html
