Apiva Ventures Limited: Mongolian Exploration Program Update.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 12, 2002 Apiva Ventures Limited (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APVLF) (the "Company") is pleased to update the exploration efforts of our joint venture partner Bell Coast Capital Corp. The exploration program concentrated in the southwest corner of the South Gobi Desert Gobi Desert Desert, Central Asia. One of the great desert and semidesert regions of the world, the Gobi stretches across Central Asia over large areas of Mongolia and China. in Mongolia, has returned a significant widespread discovery of copper 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. in the area known as the Suudert Uul showing (Shadow Mountain). This property covers approximately 240,000 hectares and is located approximately 100 kilometers west- south-west of Ivanhoe Mines Ltd.'s Oyu Tologoi gold-copper discovery. The zone is defined over an area in excess of 3 kilometers in strike length, by 200 to 300 meters in width. Copper mineralization is hosted in an altered granodiorite granodiorite Medium- to coarse-grained rock that is one of the most abundant intrusive rocks. It contains quartz and is distinguished from granite by having more plagioclase feldspar than orthoclase feldspar; its other mineral constituents include hornblende, biotite, and in contact to the south with andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. volcanics. To date 25 grab samples have been assayed, representing the first phase of the program from visual locations. An arithmetic average of the 25 samples from the zone returned 0.634 per cent copper (Cu), 0.14 of a gram per tonne (g/t) gold (Au) and 0.04 per cent molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. . The most recent samples returned copper values as high 1.73 per cent Cu, gold values up to 1.64 g/t Au and molybdenum up to 0.055 per cent. All samples from the first phase of the program are being processed by Analabs Pty. Ltd., of Australia at their regional laboratory in Ulaanbaatar, Mongolia. Bell Coast and the Company have amassed a land position in excess of 1 million hectares comprising the "South Gobi Properties," representing the second largest property holdings behind Ivanhoe Mines Ltd. in the South Gobi region of Mongolia. Last month Ivanhoe announced, "very good news" regarding "the discovery of a second zone of primary gold and copper porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. mineralization at the Central Zone" of their Turquoise Hill Project. Ivanhoe says "given the strength and extent of the 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 survey that stretches all the way to the far north Oyu target, there is excellent exploration potential to expand this discovery and for the discovery of additional mineralization similar to that delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. in the Southwest Discovery Zone". Bell Coast's Property #1, also the subject of an induced polarization survey, is bordered by Ivanhoe's Turquoise Hill Project. APIVA VENTURES LIMITED William Gardiner, President Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects", "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider theses factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. The SEC and the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. |
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