ARGOSY MINING - COMMENCEMENT OF AUSTRIAN DRILLING PROGRAM.VANCOUVER, BC--(BUSINESS WIRE)--Aug. 8, 1995--Argosy Mining Corp. announces that drilling has commenced on its 26 square mile (72 square kilometre Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
A two stage diamond drilling program will determine the strike and depth extent of a well mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. gold zone previously reported by Argosy at the Guginock mine area, part of the Goldeck property. Argosy's sampling of an old mine tunnel in June identified a near vertical fault zone assaying 0.164 oz gold/ton (6.3 grams gold/tonne) across 46.5 feet (15 metres). The zone was intersected in the tunnel 96 feet (30 metres) below surface. The drilling contractor is VOEST Alpine Erzberg GmbH, a major Austrian mining and engineering company. Regional geochemical sampling indicates that the Guginock 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. lies within the far more extensive Goldeck Fault System. Argosy has staked 64 new exploration leases (12 sq. miles/32 sq. km) to cover strong gold-tungsten-arsenic stream sediment anomalies that extend 3 miles (5 km) to the east of the Guginock drill sites. ON BEHALF FO THE BOARD JAMES W. PRIER pri·er also pry·er n. One who pries, especially a person who is unduly interested in the affairs of others. . Director and Secretary -0- S.E.C. 12g3-2(b) Exemption File No. 82-3849 -0- 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). has neither approved nor disapproved the contents of this News Release. CONTACT: Argosy Mining James W. Prier, 604/689-5529, 604/689-5079 INDUSTRY KEYWORD: MINING REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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