Amalgamation of Canmex Minerals Corporation and Copperstone Resources Corporation Will Not Be Proceeding.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 13, 1996-- CANMEX MINERALS CORP.(VSE See DOS/VSE. VSE - Virtual Storage Extended :CMX CMX Corel Presentation Exchange (file extension) CMX Cisco Mobile Exchange CMX Cloaca Maxima (sewage system of ancient Rome; Finnish rock band) CMX Crisis Management Exercise ) CANMEX MINERALS CORPORATION (the "Company") announces that the amalgamation of Canmex Minerals Corporation and Copperstone Resources Corporation (and the acquisition of certain property rights from Island-Arc Resources Corporation by the proposed amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. company) will not be proceeding. All three parties involved have agreed that, at this time, it is in the best interest of the respective shareholders to proceed independently with the exploration and development of their properties. However, Copperstone and Canmex have agreed to cooperate with respect to exploration on certain properties within the Boleo district. All of the companies have property interests in the Boleo copper/cobalt district adjacent to the property of International Curator in Baja California Sur Baja California Sur (s  r), state (1990 pop. 317,764), 27,571 sq mi (71,428 sq km), NW Mexico, on the Baja California peninsula. La Paz is the capital. , Mexico. Canmex also holds the El Limon gold project near Mazatlan, Mexico. Recent drilling and other geological work by Canmex have demonstrated that Boleo depositional basins, with copper/cobalt 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. , exist over large areas in the Boleo district. Geologically, the Boleo district is similar to the enormous sediment hosted copper/cobalt deposits of Zambia and Zaire and there is abundant evidence, including drilling, that the Boleo basins identified by Canmex may contain several ore bodies. Canmex holds title to more than 380 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Canmex intends to commence a substantial drilling program on its concessions in the fourth quarter of this year. Further details will be reported shortly. CONTACT: Canmex Minerals Corporation Sophia Shane, 604/689-7842 604/689-4250 (Fax) |
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