Alchemy Ventures Ltd. -- Announces Phase II Pharmaceutical Product Testing.Business Editors RICHMOND, British Columbia--(BUSINESS WIRE)--April 3, 2001 Alchemy Ventures Ltd. (CDNX CDNX See Canadian Venture Exchange (CDNX). :ALY ALY Alley ALY Alloy ALY Alexandria, Egypt - Alexandria (Airport Code) .V) is pleased to report that bulk samples of halloysite clay have been forwarded to Minerex Labs for preparation of Phase II testing for pharmaceutical binder applications. Results reported to Alchemy by the client show the halloysite to be of similar quality to clay from existing producers. Pilot testing of bulk material is underway and should be completed in late April. Alchemy will negotiate a contract for delivery to the client's specifications following results of these tests. Alchemy Ventures Ltd also wishes to report results of continuing core drilling on its Helmer Bovill Kaolin kaolin (kā`əlĭn): see china clay. Project in Idaho. MC-34-01 intersected 210 feet of kaolin-bearing sediments in the North Moose Moose, river, Canada Moose, river, c.50 mi (80 km) long, formed in central Ont., Canada, by the Mattagami and Missinaibi rivers. It flows NE to its confluence with the Abitibi River and into SW James Bay near Moosonee. Meadows target area. Kaolin content of the sediments ranged from 10 to 90%, averaging 50%. The hole terminated in white to light gray sandy kaolinitic clay, without reaching bedrock. Drilling continues on the resource definition program for both transported and residual clays on the property. The company would like to thank the 110 participants who attended the Northwest Clay Symposium in Lewiston, Idaho Lewiston is the county seat of and largest city in Nez Perce County, Idaho, United States. It is the second largest city in the Idaho Panhandle region behind Coeur d'Alene. on 10 March, 2001. Alchemy Ventures was proud to help sponsor this first annual conference in conjunction with the Northwest Mining Association and the Sacajawea Inn. Interest from the public and from other clay-producing companies has helped to facilitate planning by Alchemy and by regional economic development agencies. The company is pursuing leads for clay sales generated by the Symposium, and we are investigating opportunities for joint planning with officials from both Latah and Nez Perce Counties. Progress on other product lines and additional drilling results will be reported as they become available. Project information can be accessed on the company web site at www.alchemykaolin.com. Investor Relations Investor relations The process by which the corporation communicates with its investors. may be reached at 877/553-6573 (toll free) On behalf of the Board of Directors: ----------------------- Roderick Christie/President The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved or disapproved the information enclosed in this release. Forward looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Legislation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, possible changes in the cost of materials expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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