ARGOSY MINING CORP. - AUSTRIAN DRILLING PROGRAM.VANCOUVER, BC--(BUSINESS WIRE)--Aug. 23, 1995--Argosy Mining Corp. announces that its Austrian gold exploration program has been accelerated by engaging a second diamond drill. Drilling has now begun on the Schellgaden Gold Property, some 30 kilometres north of the Goldeck Property where the commencement of drilling was announced Aug. 8, 1995. A two stage drilling program will test the thickness and grade of 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. at the Stubelbau Mine, one portion of the extensive Schellgaden gold trend. A program of underground channel sampling announced on July 17, 1995 confirmed that over 10 grams gold/tonne (0.3 oz gold/ton) mineralization mined between the 14th and 18th centuries extends to the southern extremity extremity /ex·trem·i·ty/ (eks-trem´i-te) 1. the distal or terminal portion of elongated or pointed structures. 2. limb. ex·trem·i·ty n. 1. of the historic workings. Argosy's drilling will test the Stubelbau Mine 200 to 400 metres (660 to 1320 feet) south of the mine workings to assess the reserve potential of an initial 1000 metre (3300 foot) long section of the four kilometre structure. The reserve potential is believed to be excellent based on the high grade zones previously mined and the persistence (1) In a CRT, the time a phosphor dot remains illuminated after being energized. Long-persistence phosphors reduce flicker, but generate ghost-like images that linger on screen for a fraction of a second. of the 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. structures along many kilometres of strike. ON BEHALF OF THE BOARD Yale R. Simpson, President -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 Corp. Yale R. Simpson, 604/689-5529, 604/689-5079 (Fax) 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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