Post by Franko10 ™ on Mar 20, 2006 10:47:11 GMT -5
Casavant Mining Kimberlite International Exploration Progress Report; New Investor Relations
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Feb. 19, 2003
Exploration
Casavant Mining Kimberlite International, Las Vegas, (OTC BB:CMKM) is pleased to announce that discussions are being productive with Fugro Airbourne Services, Ottawa, Canada. Fixed-wing electromagnetic surveys form a Casa 212 aircraft utilizing GEOTEM, are being planned on the first 700,000 acres of diamond claims surrounding the De Beers diamond mine at Fort a La Corne, in Saskatchewan, Canada.
The company is extremely excited to take this pivotal step in its development of the Fort a La Corne property. There is no guarantee, however, that the survey will identify any Kimberlite or Kimberlite pipes. Even if numerous Kimberlite pipes are identified, there is no guarantee that any such Kimberlite pipes will contain any diamonds.
Background
To give shareholders a brief on the magnitude of the Canadian diamond industry, here is an extract of highlights from the Canada Financial Post report of Feb. 17, 2003, for informational purposes
only:
-- The rough diamond stone market will be worth $8 billion (US) annually in 10 years. Canada is expected to control at least 21% of the world's annual production by 2013. Here are some of the known producing Canadian diamond
sources:
-- Diavik went into production January of 2001 and is
expected to produce 10% of the world's diamonds. This mine is owned by Rio Tinto 60% and Aber Diamond Corp. 40%.
-- Snap Lake will be in full production by 2006 and is
projected to produce 3% of the world's diamonds. This mine is owned 100% by De Beers.
-- Ekatai's estimated share of the annual global
production in 10 years 7% owners BHP Billiton PLC 80%,
Chuck Fipke 10%, Stewart Blusson 10%.
The Canada Financial Post also reports Jericho and Victor as areas under exploration and the De Beers mine at Fort a La Corne is also classified as being under advanced exploration.
None of the above properties belong to the company or its affiliates.
New Investor Relations
Princeton Research Inc. no longer represents the company. The new exclusive investor relations firm is:
Investor Relations
1489 West Warm Springs Road, Suite 110
Las Vegas, NV 89014
Tel: 702/946-6746 (Please note new number)
Fax: 702/946-6767
Contact persons: James Kenny/Ginger Gutierrez
The office is open 9 a.m. to 4 p.m. Monday through Friday.
We believe the recent steps taken by management will enhance the stability of the company stock.
We look forward to hearing from you and we trust you will share in the excitement surrounding this venture.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). All statements that are included in
the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will
prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this press release.
COPYRIGHT 2003 Business Wire
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Feb. 19, 2003
Exploration
Casavant Mining Kimberlite International, Las Vegas, (OTC BB:CMKM) is pleased to announce that discussions are being productive with Fugro Airbourne Services, Ottawa, Canada. Fixed-wing electromagnetic surveys form a Casa 212 aircraft utilizing GEOTEM, are being planned on the first 700,000 acres of diamond claims surrounding the De Beers diamond mine at Fort a La Corne, in Saskatchewan, Canada.
The company is extremely excited to take this pivotal step in its development of the Fort a La Corne property. There is no guarantee, however, that the survey will identify any Kimberlite or Kimberlite pipes. Even if numerous Kimberlite pipes are identified, there is no guarantee that any such Kimberlite pipes will contain any diamonds.
Background
To give shareholders a brief on the magnitude of the Canadian diamond industry, here is an extract of highlights from the Canada Financial Post report of Feb. 17, 2003, for informational purposes
only:
-- The rough diamond stone market will be worth $8 billion (US) annually in 10 years. Canada is expected to control at least 21% of the world's annual production by 2013. Here are some of the known producing Canadian diamond
sources:
-- Diavik went into production January of 2001 and is
expected to produce 10% of the world's diamonds. This mine is owned by Rio Tinto 60% and Aber Diamond Corp. 40%.
-- Snap Lake will be in full production by 2006 and is
projected to produce 3% of the world's diamonds. This mine is owned 100% by De Beers.
-- Ekatai's estimated share of the annual global
production in 10 years 7% owners BHP Billiton PLC 80%,
Chuck Fipke 10%, Stewart Blusson 10%.
The Canada Financial Post also reports Jericho and Victor as areas under exploration and the De Beers mine at Fort a La Corne is also classified as being under advanced exploration.
None of the above properties belong to the company or its affiliates.
New Investor Relations
Princeton Research Inc. no longer represents the company. The new exclusive investor relations firm is:
Investor Relations
1489 West Warm Springs Road, Suite 110
Las Vegas, NV 89014
Tel: 702/946-6746 (Please note new number)
Fax: 702/946-6767
Contact persons: James Kenny/Ginger Gutierrez
The office is open 9 a.m. to 4 p.m. Monday through Friday.
We believe the recent steps taken by management will enhance the stability of the company stock.
We look forward to hearing from you and we trust you will share in the excitement surrounding this venture.
Forward-Looking Statements
This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). All statements that are included in
the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will
prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this press release.
COPYRIGHT 2003 Business Wire