Argosy reports gold exploration underway in Slovak Republic.VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 11, 1995--Argosy Mining Corp. is pleased to announce commencement of its exploration program on the Pukanec epithermal gold project in central Slovakia. The 36 sq. km. Pukanec property is a major system of epithermal gold/silver 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. within the Tertiary volcanics of the West Carpathian Mountains Carpathian Mountains Mountain system, eastern Europe. It extends along the Slovakia-Poland border and southward through Ukraine and eastern Romania about 900 mi (1,450 km). Its highest peak, Gerlachovka (in Slovakia), rises 8,711 ft (2,655 m). . The identified gold-bearing vein system is defined by broad networks of ancient open pit mine workings that extend over an area 3.75 miles (6 kilometres) long and over one mile (1.5 kilometres) wide. Two hydraulic excavators have been mobilized to the site to begin a 8,000 foot (2,400 metre) trenching program. The trenching is designed to expose and sample areas of veining vein·ing n. Distribution or arrangement of veins or veinlike markings. previously mapped by Slovenska Geologia, s.p., the state-owned Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey . These mapped vein swarms vary in width between 165 feet (50 metres) and 820 feet (250 metres). The program will continue over a two month period with drilling to follow as targets are delineated. Technical support for the Pukanec project is being provided by joint venture partner Slovenska Geologia, s.p., which retains 25 percent of a portion of the leases comprising the project area. Supervision of on-site activities will be provided by Dr. Jan Smolka, a geologist with over 20 years of experience in base and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. exploration in the district. Pursuant to a 20F filing, Argosy has completed its registration with the U.S. Securities and Exchange Commission under Section 12g of the Securities Exchange Act of 1934. This regulatory step was undertaken to improve communication with U.S. shareholders and the financial community. This registration, along with the company's publication in Moody's Industrial Manual and other direct filings, clears the company's stock for "Blue-Sky" trading in the majority of States. -0- ON BEHALF OF THE BOARD James W. Prier pri·er also pry·er n. One who pries, especially a person who is unduly interested in the affairs of others. , Secretary CONTACT: Argosy Mining Corp., Vancouver James W. Prier, secretary, 604/689-5529, 800/851-7423 or fax: 604/689-5079 INDUSTRY KEYWORD: MINING REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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