Alchemy Ventures Ltd. -- Provides New Drill Results.Business Editors RICHMOND, British Columbia--(BUSINESS WIRE) March 15, 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 results of additional resource definition drilling on its Helmer Bovill property. Three drillholes of a fence to the north of the 0+00 north line in the Moose Meadows sedimentary kaolin kaolin (kā`əlĭn): see china clay. deposit area have been completed. These holes indicate that the basin is divided into eastern and western pools by a central bedrock spur. The holes, MC-27-01, MC-28-01, and MC-29-01, intersected 10, 60, and 90 feet, respectively, of white to light grey kaolinitic sedimentary clay. No organic or lignitic lig·nite n. A soft, brownish-black coal in which the alteration of vegetable matter has proceeded further than in peat but not as far as in bituminous coal. Also called brown coal. horizons were intersected in these holes. This drilling in the eastern pool of the paleobasin indicates a thickening of clay to the southeast. Drilling of the first southern fence line will commence upon completion of three holes in the western pool. The drill pattern is intended to block out resources and define stratigraphic units for this basin. To date, four units have been recognized: an upper high-carbon clay with lignitic seams, a grey to light buff sandy clay with quartz sand lenses, a lower grey to green organic-rich clay with lignite lignite (lĭg`nīt) or brown coal, carbonaceous fuel intermediate between coal and peat, brown or yellowish in color and woody in texture. layers, and a basal white to light grey clay with quartz pebble lenses. The package of kaolin-rich sediments in the basin averages over 100 feet in thickness. Results of further drilling can be obtained from the Company's website http://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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