Ar Associates, Inc. Acquires Jerani Enterprises, Inc.Business Editors CARSON CITY Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. , Nev.--(BUSINESS WIRE)--March 26, 2002 AR Associates, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARAI) is pleased to announce that it has exercised its right pursuant to the letter of intent signed in January 2002 between AR Associates, Inc. and Jerani Enterprises, Inc. of Kelowna BC., Canada, acquiring 100% interest of Jerani Enterprises, Inc. Jerani owns and controls a group of Mineral Claims in the Stewart area of British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Exploration to date of the Jerani Property has been limited to geological mapping and rock sampling which has produced rock samples with grades of up to 0.028 oz/ton Au, 24 oz/ton Ag, 0.55 per cent Cu, 12.5 per cent Pb, and 8.75 per cent Zn. Although no mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature have yet been defined at the Jerani Property, the exploration performed to date has identified sulphidic zones and zones of silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. that have locally yielded highly anomalous concentrations of precious and base metals. Further exploration for precious and base metals is warranted and recommended. AR Associates, Inc. through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Jerani Enterprises, Inc. intents to continue the exploration program on the property in order to define the commercial viability of the mineral claims. Certain statements in this News Release constitute "forward looking statements" within the meaning of the Private Securities Litigation's Reform Act of 1995. Such forward looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statement. Delbert G. Blewett, President AR ASSOCIATES, INC., |
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