Owner
Post by Franko10 ™ on Oct 15, 2005 9:33:37 GMT -5
Winter drilling update
ONTARIO, Calif.--(BUSINESS WIRE)--May 27, 1997--Mountain Province Mining Inc. (the "Company") (NASDAQ: MPVIF) is pleased to announce that it has been notified by its contractor, Monopros Limited, a wholly owned subsidiary of De Beers Consolidated Mines Ltd., regarding its winter drilling program on the AK-CJ Claims in the Northwest Territories.
Monopros has advised the Company that kimberlite has been intersected while drilling a lake-based geophysical target generated from the recently flown high resolution helicopter magnetic and electromagnetic survey of the southern AK claim block. The target is located approximately 1.8 km northwest of the AK5034 kimberlite pipe. The drill hole was inclined at -50 degrees and intersected 51.5 meters of continuous kimberlite. The drill hole was stopped in kimberlite at 187.5 meters due to difficult ground conditions. Samples of the kimberlite are being forwarded by Monopros Limited to the De Beers Laboratories in South Africa for microdiamond, mineral chemistry and other analysis.
Drilling of additional lake-based targets generated by the geophysical survey will continue as long as weather conditions permit. A summer drilling program of land-based targets is also planned.
The AK 5034 Claim block is presently held 50% by Mountain Province Mining Inc., 40% by 444965 B.C. Ltd., a wholly owned subsidiary of Glenmore Highlands Ltd. and 10% by Camphor Ventures Inc.
As reported on March 7, 1997, the Company and its partners have entered into a joint venture agreement with Monopros Limited under which Monopros has the right to earn up to a 60% interest in the AK/CJ properties. -0-
On behalf of the Board of Mountain Province Mining Inc.
Jan W. Vandersande
President
-0-
www.mountainprovince.com
CONTACT: Mountain Province Mining
Jan W. Vandersande, 909/466-1411
909/466-1409 (FAX)
mtnprovinvrel@worldnet.att.net
COPYRIGHT 1997 Business Wire
ONTARIO, Calif.--(BUSINESS WIRE)--May 27, 1997--Mountain Province Mining Inc. (the "Company") (NASDAQ: MPVIF) is pleased to announce that it has been notified by its contractor, Monopros Limited, a wholly owned subsidiary of De Beers Consolidated Mines Ltd., regarding its winter drilling program on the AK-CJ Claims in the Northwest Territories.
Monopros has advised the Company that kimberlite has been intersected while drilling a lake-based geophysical target generated from the recently flown high resolution helicopter magnetic and electromagnetic survey of the southern AK claim block. The target is located approximately 1.8 km northwest of the AK5034 kimberlite pipe. The drill hole was inclined at -50 degrees and intersected 51.5 meters of continuous kimberlite. The drill hole was stopped in kimberlite at 187.5 meters due to difficult ground conditions. Samples of the kimberlite are being forwarded by Monopros Limited to the De Beers Laboratories in South Africa for microdiamond, mineral chemistry and other analysis.
Drilling of additional lake-based targets generated by the geophysical survey will continue as long as weather conditions permit. A summer drilling program of land-based targets is also planned.
The AK 5034 Claim block is presently held 50% by Mountain Province Mining Inc., 40% by 444965 B.C. Ltd., a wholly owned subsidiary of Glenmore Highlands Ltd. and 10% by Camphor Ventures Inc.
As reported on March 7, 1997, the Company and its partners have entered into a joint venture agreement with Monopros Limited under which Monopros has the right to earn up to a 60% interest in the AK/CJ properties. -0-
On behalf of the Board of Mountain Province Mining Inc.
Jan W. Vandersande
President
-0-
www.mountainprovince.com
CONTACT: Mountain Province Mining
Jan W. Vandersande, 909/466-1411
909/466-1409 (FAX)
mtnprovinvrel@worldnet.att.net
COPYRIGHT 1997 Business Wire
