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Post by Franko10 ™ on Jan 28, 2005 23:51:09 GMT -5
Casavant Mining Kimberlite International Successfully Negotiates Closure Of Diamond Claims in Potentially New Diamond Discovery Area
- PR Newswire
LAS VEGAS, Nov 07, 2003 /PRNewswire-FirstCall via Comtex/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has negotiated for approximately 70,000 acres of Diamond Claims in the Green Lake Area in the province of Saskatchewan which is located approximately 120 miles northwest of Forte a la Corne.
The company on the recommendation of highly renowned Exploration Geologist Dr. Mark Hutchinson has negotiated for claims in the prestigious Green Lake Area. "This area has all the signatures for a potential Kimberlite find," stated Dr. Hutchinson. "It is generally understood that Forte a la Corne contains some of the world's largest Kimberlite bodies, many of which are significantly diamondiferous," said Hutchinson. CMKM is now in a strengthened position in the ability to obtain Kimberlites, which are expected to be unusual and interesting by negotiating for these new claims.
The terms of the agreement with a private Saskatchewan company are for CMKM to own 90% and the private company to own 10% of the claims, which CMKM has first right of refusal to negotiate the remaining 10%. CMKM plans to do all diamond exploration on the claims.
Urban Casavant, President of CMKM stated, "We intend to apply for permits to drill through the ice for Kimberlite when Green Lake has frozen to appropriate thickness. This target has a very high potential for the company."
Updates on Drilling efforts will be released as they are completed.
There is no guarantee that further exploration or drilling 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 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
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, or 877-752-3755, or fax,
+1-306-752-3754, or ipr@sasktel.net
www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
- PR Newswire
LAS VEGAS, Nov 07, 2003 /PRNewswire-FirstCall via Comtex/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has negotiated for approximately 70,000 acres of Diamond Claims in the Green Lake Area in the province of Saskatchewan which is located approximately 120 miles northwest of Forte a la Corne.
The company on the recommendation of highly renowned Exploration Geologist Dr. Mark Hutchinson has negotiated for claims in the prestigious Green Lake Area. "This area has all the signatures for a potential Kimberlite find," stated Dr. Hutchinson. "It is generally understood that Forte a la Corne contains some of the world's largest Kimberlite bodies, many of which are significantly diamondiferous," said Hutchinson. CMKM is now in a strengthened position in the ability to obtain Kimberlites, which are expected to be unusual and interesting by negotiating for these new claims.
The terms of the agreement with a private Saskatchewan company are for CMKM to own 90% and the private company to own 10% of the claims, which CMKM has first right of refusal to negotiate the remaining 10%. CMKM plans to do all diamond exploration on the claims.
Urban Casavant, President of CMKM stated, "We intend to apply for permits to drill through the ice for Kimberlite when Green Lake has frozen to appropriate thickness. This target has a very high potential for the company."
Updates on Drilling efforts will be released as they are completed.
There is no guarantee that further exploration or drilling 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 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
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, or 877-752-3755, or fax,
+1-306-752-3754, or ipr@sasktel.net
www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
