AKIKO GOLD ENCOUNTERS MORE GOLD WITH HIGH GRADE SILVER/LEAD/ZINC IN UTAH.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 24, 1995--Underground reserve expansion drilling at the New Burgin Deposit in Tintic, Utah has now intercepted gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in conjunction with high grade silver/lead/zinc midway Midway, island group (2 sq mi/5.2 sq km), central Pacific, c.1,150 mi (1,850 km) NW of Honolulu, comprising Sand and Eastern islands with the surrounding atoll. Discovered by Americans in 1859, Midway was annexed in 1867. A cable station was opened in 1903. between two of the prior gold intercepts along the gold enriched zone extending approximately 600 feet north/south and 200 feet east/west in the western sector of the Deposit. Hole CB-7 was drilled vertically to the ore zone horizon and intercepted 16 feet of mineralization averaging 0.098 ounces gold per ton in conjunction with 34.5 ounces silver, 10.9 percent lead and 5.9 percent zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. (including ten feet of 0.13 gold, 46 ounces silver, 16.8 percent lead and 9.2 percent zinc). This hole is centrally located approximately 200 feet south of SB-1 (containing 73 feet of 24.8 ounces silver, 22.6 percent lead and 8.4 percent zinc in conjunction with 55 feet of 0.08 ounces gold including 8 feet of 0.2 gold), and 200 feet north of CB-6 (reporting 26.5 feet of 0.22 ounces gold with 3.2 ounces silver, 4.3 percent lead and 10.5 percent zinc). Reserve expansion drilling, which has already increased thick zones of known silver/lead/zinc reserves to the northeast and to the east/southeast, is now continuing in the west and will commence in the primary expansion area next month. The north drift drift, deposit of mixed clay, gravel, sand, and boulders transported and laid down by glaciers. Stratified, or glaciofluvial, drift is carried by waters flowing from the melting ice of a glacier. has now been extended more than 300 feet north for this purpose. It is now beyond the NW boundary of the known reserves, and will provide access to drill along strike and down dip where geologic ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. analysis indicates that the silver/lead/zinc reserves should double to triple in size. Mineable reserves were previously calculated to contain 1.14 million tons averaging over 19 ounces silver per ton, 22 percent lead and 7.5 percent zinc. Two of the thickest and highest grade intercepts in that reserve are situated near that NW perimeter The boundary of a system or network, which defines the inside and outside. It is typically determined by firewalls and addresses. See DMZ. . An expanded reserve calculation is anticipated this summer with bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility early next year. The Company must invest US$1 million by May 31, 1995 in the stock of the landowner, Chief Consolidated Mining, at US$4 per share (currently trading on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on near US$8/share) in order to continue funding this work and earning its 50 percent joint venture interest (and right to become operator at feasibility). Akiko is currently completing this US$1 million financing (consisting of subscriptions for Chief and Akiko shares). On Behalf of the Board of Directors "Stephen E. Flechner" President & Chief Executive Officer CONTACT: Akiko Gold Resources Ltd. Stephen E. Flechner President & Chief Executive Officer (604) 689-0988 (604) 687-3797 (Fax) |
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