Ambra Mining Division Adds New Mineral Claims and Announces a Fall Work Program.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 9, 2002 Publicly traded Ambra Resources Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABRG) announces a Joint Venture Mineral Claims Purchase with Baygold Syndicate of Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Ambra Mining Division has entered into an option agreement to purchase 70% of five contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. Mineral Claims in the Nelson Mining Division of British Columbia. The property contains a total of 38 Units covering 2432 acres.
Bluebird Claim Group
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CLAIM NAME NO. OF UNITS
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BLUEBIRD 12
RUMBLER 1 16
RUMBLER 2 1
RUMBLER 3 3
RUMBLER 4 6
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The Mineral Claims comprising the Property have been duly and validly staked and recorded pursuant to the Mineral Act and are in good standing. The terms of the Option Agreement are a payment of $5,000.00 upon signing the Agreement and a further payment of $10,000.00 on or before the six-month anniversary date of the Agreement. Ambra agrees to carry out a minimum of $50,000.00 in exploration work before June 1, 2003 and thereafter agrees to keep the property in good standing to maintain its ownership interest in the property. The Bluebird bluebird, common name for a North American migratory bird of the family Turdidae (thrush family). The eastern bluebird, Sialia sialis, is among the first spring arrivals in the North. It is about 7 in. (17.8 cm) long. claim group is located in southeastern British Columbia. This property is contiguous to the Kena Gold-Copper discovery of Sultan SULTAN. The title of the Turkish sovereign and other Mahometan princes. Minerals, approximately 6 miles south of Nelson, British Columbia
Ambra further announces a Fall Work Program on the Independence and Bluebird Claim Groups to coincide with the Work Program being conducted in the same area by the Joint Venture of Sultan Minerals and Kinross Gold Kinross Gold Corporation (TSX: K, NYSE: KGC) is a Canadian gold mining company. It is the seventh largest primary gold producer in the world.[1] See also
1. ^ Kinross Gold. on the Kena Property adjoining Ambra's claims groups. The scope of the project, conducted by one Doctorate geologist, another geologist and a geotechnician, will be to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. and sample all known showings and workings on the two groups of claims. The areas will be geologically mapped and soil and rock samples will be collected for analysis. The team anticipates acquiring new and important knowledge of the geology of the areas. The team is scheduled to begin the Work Program immediately. By the Board of Directors, Ambra Resources Group Inc. |
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