AntOro Acquires a Mining Property in Quebec.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) has acquired the St-Urban property, composed of forty (40) map-designated mining claims (CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) covering an area of approximately 1,972 hectares and located in the Lespinay township in Quebec. The property was acquired from Jean-Marie Pronovost in exchange for a cash payment of $10,000 and the issuance of 650,000 treasury shares. The No. 7515-78-16 showing, which resulted from diamond drilling, uncovered grades of four grams per tonne Au, 14 per cent Cu and 142 g/t Ag over 0.04 metre, is located near AntOro's Hebert property. This 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. shows similarities with other volcanogenic 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. ) showings found along the Urban syncline, which strikes southwest/northeast. Orogenic gold showings were also uncovered in the Urban deformation zone which has an east-west strike. The St-Urban property is located within the Urban deformation zone and is at the northeastern extension of the Urban syncline. The Urban-Barry belt has been the focus of extensive exploration efforts in the past year by companies such as Beaufield Consolidated Resources (BFD BFD Big Freakin' Deal (polite form) BFD Bidirectional Forwarding Detection (IP networking) BFD Binary File Descriptor (computer programming) ), Goldhawk Resources (CGK) and the Freewest (FWR)/Murgor (MUG) joint venture. The Urban deformation zone is located approximately 70 kilometres southeast of Desmaraisville and covers approximately 200 square kilometres. This regional shear structure has a width of one to four km and a length of 80 km following an east-west strike. The property's geology is composed of felsic tuffs, volcanoclastics, lithic lith·ic 1 adj. Consisting of or relating to stone or rock. Adj. 1. lithic - of or containing lithium 2. lithic - relating to or composed of stone; "lithic sandstone" wackes and mafic intrusives of the Freeman member, Urban group and the intermediate tuff accompanied with basaltic and andesitic flows of the Macho formation; these two units are separated by the Milner fault. The property's geology is also affected by the St-Cyr fault on its western boundary and by the Concession fault on its eastern boundary. AntOro takes this opportunity to also announce that 56,250 common shares held in escrow for Francois C. Desrosiers will be released on August 18. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion