Auromar Development Corp. update ondrilling activities.VANCOUVER, B.C.--(BUSINESS WIRE)--Auromar Development Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AUROF) provides the following update on its drilling activities in South Africa. As of Tuesday, March 14, 1995, the core drilling at the Schweizer property in South Africa had reached a depth of 400 meters. Within this depth, between 50 meters and 143 meters, the Kameeldoorns Formation was identified, confirming the structural uplift that was proposed by the geological model. The presence of Kameeldoorns stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the at such a shallow depth was encouraging. According to the geological model, the next stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat sequence that would need to be identified is the Klipriviersberg Group that historically overlies the Ventersdorp Contact Reef (VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. ), which is the gold-bearing reef in the Schweizer Basin. The VCR has been a significant source of the gold that has been mined in the Witwatersrand Basin to date. At 143 meters the company subsequently identified the Klipriviersberg Group. Drilling continues to test for a commercially feasible gold property. Detailed technical information regarding the drilling program has been filed in Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. by Auromar's joint venture partner, Casmyn Corp., with the Securities and Exchange Commission (SEC) on this date and is available under Commission File #01-14136. CONTACT: Auromar Development Corp. Taj Mohamed, 604/685-1273 604/662-8956 (Fax) |
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