Carlin Resources Corp. provides update on diamond exploration project - Ghana, West Africa.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 3, 1997-- Carlin car·line or car·linn. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] Resources Corp. is pleased to provide an update on the company's diamond exploration project in Ghana, West Africa. Field work begun in October continues to follow up bedrock diamond targets generated by last season's bulk stream sediment surveys, geophysical surveys and laboratory diamond studies. Over 300 field laborers are presently employed on the project. Since October, 216 reconnaissance pits have been excavated on bedrock targets and saprolitic (clay) bedrock samples from 130 of those pits have been processed at the company's on site washplant. Results to date have revealed five zones of ultramafic ul·tra·maf·ic adj. Ultrabasic. ultramafic Containing mainly mafic minerals. Used of igneous rocks and often used interchangeably with ultrabasic. Dunite is an ultramafic rock. (possibly kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. ) bedrock. Diamonds grading up to 0.5 carats per cubic meter have been recovered from two of these zones, both in the vicinity of Kokotintin Hill. Initial indications are that these zones may be more than 25 meters wide. A program of trenching on all five ultramafic bedrock zones has begun to test both widths and diamond grades. Results from the remaining 86 reconnaissance pits and the ultramafic bedrock trenches will be released on an ongoing basis. Carlin's common shares are listed on The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (CLM CLM - Career Limiting Move ). (signed) James M. Carter President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Head Office: Suite 670 - 355 Burrard Street, Vancouver, BC V6C 2G8, Telephone: (604) 687-6506, Fax: (604) 687-6504 CONTACT: Carlin Resources Corp., Vancouver 604/687-6506 |
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