Akiko Gold reports stacked ore zones and Korea Zinc Financing/Investment.VANCOUVER, Bc--(BUSINESS WIRE)--Oct. 4, 1995--AKIKO GOLD RESOURCES(VSE See DOS/VSE. VSE - Virtual Storage Extended : AKI ) AKIKO GOLD RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . is pleased to report that Hole CB-14 in the north central portion of the New Burgin Deposit at the Company's Tintic, Utah Project intercepted two stacked Stacked is an American television sitcom that premiered on Fox on April 13, 2005. On May 18, 2006, Stacked was cancelled, leaving five episodes unaired in the United States. The last episode aired on January 11, 2006. ore zones. The main-lower ore zone consists of 27 feet of 26.8 ounces silver per ton, 23 percent lead and 3.5 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. . Hole CB-14 confirms extension of the main and middle ore zones recently encountered in Hole CB-13. This continuity of stacked ore zones contributes to reserve expansion and enhances mine planning and productivity. On September 14, 1995, Akiko Gold announced signing a letter agreement with the Korea Zinc Company of Seoul, South Korea, providing for investment by Korea Zinc of US$5 million in the Project for a 25 percent interest (half of Akiko 's 50 percent interest). Pursuant to the letter agreement, Korea Zinc has timely funded the first US$2 million of its earn-in requirement and has agreed to timely fund the next US$2 million of New Burgin Deposit reserve expansion drilling and feasibility work. It is expected that the US$4 million of funding will finance the New Burgin Deposit work requirements through 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 The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. next year. Korea Zinc and Akiko Gold will be meeting at the Project with property owner Chief Consolidated Mining Company next week to continue Korea Zinc's due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and to agree upon the ongoing work program for Korea Zinc's initial US$2 million investment. Korea Zinc's undertakings are conditioned upon satisfactory completion of due diligence and definitive joint venture agreement not later than November 30, 1995. Korea Zinc receives 500,000 private placement shares of Chief Consolidated stock for its initial US$2 million investment, and will invest US$1 million in Akiko Gold upon execution of the joint venture agreement. Akiko Gold owns 265,000 shares of Chief Consolidated stock (approximately 5.2 million Chief shares will now be outstanding). Akiko Gold believes that its large Tintic Project will become a mining camp developing a number of silver/lead/zinc as well as gold deposits. Even within the New Burgin Deposit itself, a total of eight drill holes have now intersected the north trending zone of gold enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. within the western sector of the Deposit. Akiko is confident that the Tintic Project's New Burgin Deposit reserves (previously calculated at 1.03 million tons containing 24 million ounces silver, 550 million pounds lead and 180 million pounds zinc) have already been expanded by the on-going drilling program to a global reserve approaching 2 million tons. The Deposit remains open in most directions, a new reserve calculation is under way, and substantial expansion is anticipated as drilling commences later this month from one of the two new drill stations beyond the northern perimeter of the known reserves. Preliminary discussions have already commenced with institutions asserting interest in debt or metal-based project finance upon completion of bankable feasibility next year. Meanwhile, Akiko Gold is particularly pleased with the opportunity to develop this Project with Korea Zinc, whose pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party offering them, are called pertinent; those which have no such tendency are called impertinent, 8 Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319. expertise and market position include the recently announced purchase of the Big River smelter in Sauget, Illinois Sauget is a village in St. Clair County, Illinois, United States. It is part of the St. Louis Metropolitan Statistical Area. The population was 249 at the 2000 census. Geography Sauget is located at (38.587013, -90.166690). for US$52.5 million. On Behalf of the Board of Directors "Stephen E. Flechner" President & Chief Executive Officer CONTACT: Christine Reynolds 604/689-0988 |
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