Akiko Gold announces senior board upgrade.VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 23, 1996-- AKIKO GOLD RESOURCES (VSE See DOS/VSE. VSE - Virtual Storage Extended :AKI.) Akiko Gold Resources Ltd. is pleased to announce that 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). recently approved an upgrade of its listing to that of "Resource Company". The upgraded listing recognizes the Company's more senior status based on the advanced stage of development of its resource properties. In Ghana, at the Company's 54 square mile Afere/Antubia gold concession (southwest of the new Bibiani gold deposit on the Bibiani greenstone belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. ), the Company is completing its second phase 1996 reconnaissance program in preparation for drilling. The concession contains the old underground Antubia Mine which produced gold grading nearly one half ounce per ton just before WWII WWII abbr. World War II WWII World War Two , numerous gold bearing quartz veins currently being manually mined near surface by local villagers, and geologic potential for zones of quartz veins hosting significant open pit as well as underground deposits similar to those already being mined from Ghana's prolific gold producing greenstone belts. The program includes 200 line kilometres of closely spaced grid (filling-in 180 line kilometres of widely spaced grid) and 6500 soil samples (with gold values up to 4.9 g/t), coupled with IP surveys over multiple promising gold anomalies. Final integration and interpretation of soil results (some 2000 samples still pending), with geophysics, landstat, and geology, will sufficiently define and prioritize gold targets for the initial phase of drilling in 1997. At the Tintic, Utah, Thyssen Mining Construction of Canada Ltd. (the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of Thyssen Schachtbau Gmblt of Germany) held its kick-off meeting last week pursuant to its recently announced agreement to conduct preliminary engineering design, budgeting and planning services for the New Burgin Mine shaft sinking shaft sinking, excavation from the surface of an opening in the earth. Shafts, which are generally vertical, are usually distinguished from tunnels, which are horizontal. , underground development and contract mining, to result in a bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study. Thyssen, thus joins Korea Zinc Co. Ltd., as the second major international mining industry company involved in the silver/lead/zinc plus gold (potentially multi-deposit) Tintic Project with property owner Chief Consolidated Mining Co. and Akiko Gold. CONTACT: Akiko Gold Resources Ltd. Christine Reynolds, 604/689-0988 Internet: http://www.palo.com/akiko/akiko.html Fran Tester, 303/298-1663 |
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