Anooraq Resources Corporation Acquires Major Massive Sulphide Project in Mexico.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 14, 1998-- Robert G. Hunter, Chairman of Anooraq Resources Corporation (VSE See DOS/VSE. VSE - Virtual Storage Extended :ARQ (Automatic Repeat reQuest) A method of handling communications errors in which the receiving station requests retransmission if an error occurs. ARQ - Automatic Repeat Request ) is pleased to announce that the Company has acquired an option to purchase a 100% interest in La Dicha property located near Chilpancingo, Guerrero State, Mexico. The 738 hectare property covers La Dicha deposit which has all the characteristics of a large scale, volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. massive sulphide ("VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. ") deposit similar to those being developed at Campo Morado in northern Guerrero State by Farallon Resources Ltd. and San Nicolas in Zacatecas State by a Western Copper Holdings Limited/Teck Corp./Luisman, S.A. de C.V. joint venture (for a copy of the map, please call 1-800-667-2114). Anooraq can purchase a 100% interest in the property by making staged cash and share payments to the Mexican property vendor totalling US$530,000 and 350,000 common shares over a four year period. La Dicha property is road accessible and covers a copper-zinc-silver volcanogenic massive sulphide deposit that is developed at the contact of felsic volcanic rocks with overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. sediments. 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. consists of massive to near massive pyrite, pyrrhotite, chalcopyrite and sphalerite. The north-south trending, west-dipping massive sulphide horizon has been traced continuously over a strike length of 1.2 kilometres and, on the basis of scattered outcrops, probably extends to more than 4.5 kilometres in length. Where exposed, true width of the massive sulphide horizon varies from 45 metres to 2 metres. The northern portion of La Dicha deposit has current approximate dimensions of 1,200 metres long by 20 metres thick which based on only 100 metres of depth is consistent with a 10 million tonne deposit. At this stage the depth dimension of the deposit is unknown and therefore the entire deposit may be very much larger. Anooraq has commenced an exploration program focused on the rapid preparation of drill targets to test the economic potential of the large polymetallic system at La Dicha. ON BEHALF OF THE BOARD (SIGNED) Robert G. Hunter Chairman -0- Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the information contained in this news release. CONTACT: Anooraq Resources Corporation Robert G. Hunter, 604/684-6365 or 800/667-2114 Fax: 604/684-8092 |
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