Big Red Diamond Corporation Announces the Acquisition of the NordTac Property and the Hiring of Paradox Public Relations Services.MONTREAL -- Big Red Diamond Corporation ("BRDC BRDC British Racing Drivers' Club (UK) BRDC British Racing Drivers' Club BRDC Bovine Respiratory Disease Complex BRDC Biotechnology Research and Development Corporation (Peoria, Illinois) ")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DIA) is pleased to announce the acquisition of yet another diamond prospect property, called the "NordTac" project, made up of 40 map-designated claims covering a total approximate area of 2,238 hectares.The property is located within the 32G/05 NTS NTS National Technical Systems NTS National Trust for Scotland NTS Nevada Test Site NTS NT Server (Microsoft Windows) nts Not the Same NTS National Traffic System (amateur radio) map sheet halfway between Chibougamau and Val d'Or Val d'Or (väl dôr), town (1991 pop. 23,842), SW Que., Canada, SE of Rouyn-Noranda. It is a mining center. Gold was discovered in the region in 1909; copper, zinc, lead, and molybdenum are also mined. .The property is located within the Le Tac kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. field. The property was acquired from 9112-2192 Quebec inc. against the issuance of 800,000 common treasury shares of BRDC. These properties were staked based on the processing of data contained within Quebec'sMinistere de l'Energie et des Ressources 1988 "32G/05 - Lac Margry (DV88-08)" total field and vertical gradient magnetic maps.This survey was flown with 200m flight line spacing, with average ground clearance of 125 m and with North-South flights lines.A preliminary interpretation of these maps in the area of interest identified anomalies which could be related with small intrusive bodies such as kimberlites of dimensions in the hundreds of metres in diameter.The staking was also motivated by excellent results obtained by AntOro Resources Inc, down-ice flow from these properties.These claims are readily accessible year-round through numerous logging roads and the provincial highway. The company intends on following-up on these targets using reconnaissance overburden sampling surveys in the spring season. The project represents an important addition to an established strategic land position in this diamond-exploration area. Furthermore, Big Red Diamond has retained Paradox Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , on a six month contract to lead the development of a more comprehensive program of investor relations Investor relations The process by which the corporation communicates with its investors. . Paradox will work closely with Big Red's Board of Directors and Management in increasing the investing public's awareness of the Company's various projects and activities. Paradox brings a depth of experience to Big Red having worked in the micro-cap industry for approximately 4 years as Investor Relations consultant for several companies.Paradox's objective will be to increase investor awareness Investor Awareness is knowledge the investment community has of a company. [1] It can be looked at like this: “Do investors know about your company?” If the answer is “yes,” then it could be said that the company has “good investor awareness” of Big Red's diverse high potential strategic diamond and base metal exploration projects in Ontario and Quebec.The Company has an experienced and successful management and technical team to lead its activities. Paradox's fee is $ 4,000 per month. Paradox's principal is Eric Leboeuf. In connection with these appointments, Big Red Diamond will issue a total of 400,000 options to purchase common shares at a price of 0.10$ per share.The pricing, vesting and expiry of the options will be as per company policy and as permitted by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . This press release has been reviewed by Mr. Benoit M. Violette, geo., a qualified person as per National Instrument 43-101. The TSX Venture Exchange does not accept responsibility for adequa cy or accuracy of this release. Big Red Diamond Corporation (TSX VENTURE:DIA) |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion