AntOro, Montalembert Property: Exploration Update.MONTREAL -- AntOro Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ORE) wishes to inform its shareholders on the exploration activities undertaken on the Montalembert property during the previous year.Located approximately twenty kilometres from the village of Waswanipi the property is in close proximity to the Ailly and Le Tac kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. fields. Reconnaissance sampling : Diamond exploration The corporation dispatched a field crew to complete the reconnaissance till sampling program initiated during the summer of 2002 and cut short due to forest fires This is a list of notorious forest fires: North America Year Size Name Area Notes 1825 3,000,000 acres (12,000 km²) Miramichi Fire New Brunswick Killed 160 people. blazing only a few kilometres from the property.Nine samples were collected in the northwestern part of the property and were subsequently submitted to IOS (1) (Internetwork Operating System) An operating system from Cisco that is the primary control program used in its routers. IOS is widely used and robust system software that supports the common functions of all products under Cisco's CiscoFusion architecture. Services Geoscientifiques for heavy mineral separation which is a valuable tool for diamond and precious metal exploration. Follow-up on the induced polarization (IP) targets The corporation followed-up on surface prospecting of the IP targets identified during the 1998 IP survey.Twenty-five samples were collected on surface and sent to the lab for precious and base metal assays. Future work AntOro is anticipating positive results on the glacial sediment reconnaissance survey.Following reception of these results, the corporation may opt to perform an orientation survey in the immediate region surrounding the property and perform a second till-sampling survey using a finer sampling mesh. The corporation also intends to follow up on its exploration efforts targeting precious and base metals by means of exploration drilling of the I.P. targets that have not been drilled. All samples collected have been sent to various laboratories. The company is awaiting results which will be disclosed upon receipt of the final reports. Maintenance work on access road Repeated use of the access road in previous years had caused considerable deterioration.In order to facilitate future access to the property, AntOro carried out the necessary maintenance work. Conversion of staked claims to map-designated claims The Corporation also completed the conversion of staked claims to map-designated claims ("CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ").The old claims were converted into forty CDC's totaling 2,016.72 hectares.This operation did not modify the accumulated exploration work credits used to renew these claims. AntOro also wishes to announce that, according to release agenda provided by the new Escrow Agreement Escrow Agreement A certificate provided by an approved bank that guarantees the indicated securities are deposited at that particular bank. Notes: For example, an investor who writes a call option and can present an escrow agreement is considered covered. entered into on June 19, 2003 pursuant to the 375,000 common shares of the Corporation held by Mr. Francois C. Desrosiers, an additional block of 56,250 common shares of the Corporation, which represent 15% of the escrowed securities, were released on February 18th, 2005.This release is made pursuant to the new release conditions approved by the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. (CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. ). The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for adequacy or accuracy of this release. ANTORO RESOURCES INC. (TSX VENTURE:ORE) |
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