Aurient Resources Ltd. Expands Drilling Operations at its Kundipit Porphry Gold-Copper Prospect, Luzon, Philippines.HAMILTON, Bermuda--(BUSINESS WIRE)--March 26, 1997-- Aurient Resources(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AUN.) Aurient Resources Ltd. (AUN.ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) announces that, in conjunction with its joint venture partner Pisumpan Copper Mines, Inc., the drilling program on its Kundipit 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. gold-copper prospect in Pampanga Province, Luzon, the Philippines, has commenced a fast track drilling program using 3 drills to carry out the planned drilling program. Aurient has a 40 percent interest in the joint venture which interest may be increased to maximum of 70 percent. Improvement of the access road to the property has permitted the mobilization mobilization Organization of a nation's armed forces for active military service in time of war or other national emergency. It includes recruiting and training, building military bases and training camps, and procuring and distributing weapons, ammunition, uniforms, of two heavier drill rigs including one Longyear 44 to supplement the initial rig. To date three holes have been completed for a total of 750 metres. Results are pending. The objective of the program is to determine the lateral extent of the porphyry gold-copper style of the 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. beyond the initial seven holes completed in November. Drill results previously announced consisted of from 80 to 150 metre intervals containing average gold grades ranging from 0.3 to 1.0 g/t and copper grades from 0.16 to 0.31 percent. A subsequent program is planned to test the depth and preliminary grade of the mineralization. The joint venture property includes the 68 million tonne Tappi ore deposit grading 0.25 percent copper and 0.43 g/t gold on which a favourable feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. was carried out by Pisumpan in 1996. Aurient believes that the economic potential of Tappi will be enhanced should the Kundipit Prospect now being drilled continue to give the higher grade values indicated by the initial 7 drill holes. As the two mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. bodies are only 800 metres apart and of similar geological character, the blending of material from each deposit would be practicable and provides an exciting target for the rapid development which Aurient and Pisumpan intend to pursue. Aurient Resources Ltd. is a precious metal exploration and development company. Its participation in the Pisumpan joint venture is part of the company's strategy of participating in quality precious metal projects in South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. with partners having operational expertise complimentary to the extensive technical and management experience of Aurient in the region. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. CONTACT: Aurient Resources Ltd. Stan Bagnall, 44/1892-653588 44/1892-669272 (FAX) or Aurient Resources Ltd. Allan Dolan, 403/ 543-2589 403/ 543-2599 (FAX) or Aurient Resources Ltd. Colin Bryant, 619/ 315-9339 619/ 332-2146 (FAX) |
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