Ambra Resources Announces New Testing for 1998 Marathon Gold Drilling Schedule.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Oct. 20, 1997-- Publicly traded Ambra Resources Group Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ABRG) announced that the supervising project geologist for its Marathon Gold properties, Carl Verley, has recommended, and the company will proceed with, an Induced Polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is Test (IP). The procedure will help determine the direction of the mineral-rich Paula Vein, which the company will then target for the 1998 spring drilling program. The IP Tests consist of cutting four 0.5 KM lines in a northwesterly north·west·er·ly adj. 1. Situated toward the northwest. 2. Coming or being from the northwest. north·west direction across and perpendicular to the Paula Vein, and following up on several anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. gold, silver, 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. and copper samples (M-13, M-3, and M-5) which were taken previously by Ruza Resources Ltd. on the Marathon property. Fire assays on other Ruza samples have shown gold values as high as 19.040 ounces of gold per ton, silver at 64.60 ounces per ton, and 4.7% copper. Ambra's Petroleum Division announced that the Boonesville No. 1 Well in Boonesville, Texas, has been delayed due to severe weather conditions. Results, so far, have indicated three zones with sufficient log characteristics to warrant completion. Drilling is concentrating on the "Caddo Lime Zone," at 4,282 feet, which shows the greatest potential. The company anticipates completion of work in October. Ambra Resources Group is a natural resource exploration and development company strategically positioning itself with a strong portfolio in minerals, and oil and gas interests. Ambra Resources Group invites you to learn more about its projects at the new web site address: www.ambraresources.com . CONTACT: Ambra Resources Group Inc. John Hickey, 800/698-3377 |
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