Birim Goldfields announces significant results in Ghana.MONTREAL--(BUSINESS WIRE)--Nov. 7, 1995--BIRIM GOLDFIELDS n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : BIRM BIRM Biological Immune Response Modulator BIRM Bridge Inspector's Reference Manual BIRM Beijing Institute of Radio Metrology and Measurement BIRM.WT) Birim Goldfields Inc. is pleased to announce results from its ongoing exploration program at the Mampon prospect in Dunkwa, Ghana. The drill program was designed to test the heap-leaching potential of the oxide gold resource, identified on surface, but never previously drilled. A total of 26 reverse-circulation (RC) drill holes has been completed on a grid pattern consisting of 3 lines, 200 metres apart. Along these lines, holes have been drilled at 25 metres intervals, at an incline of minus 60 degrees to the east, with each hole measuring 60 metres in length. While assay results have been received for only 13 of the 26 holes, early indications imply that the 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. zones are open to the east and to the north. On the basis of these partial results, several gold-bearing intersections have been encountered thus far. One zone shows an average grade of 2.5 grams of gold per tonne (gpt) over a minimum true width of 21 metres. Within that section, the best values encountered were 7.6 gpt, 17.0 gpt and 41.9 gpt, each over one-metre intervals. Assay results for the remaining 13 RC holes are expected in a week's time. The next exploration phase will be fill-in RC drilling on grid lines 50 metres apart. Because the presence of oxide gold 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. offers the potential of sulphide deposits at depth, a deeper diamond drilling program is planned as a follow-up phase. The Company has negotiated a US$200,000 private placement unit financing at 70 cents Cdn./unit, each unit consisting of one common share and one-half a warrant. Each full share purchase warrant would be exercisable at 85 cents Cdn. over a period of 18 months. Subject to regulatory approval, closing for this financing is expected November 20. Birim Goldfields Inc. currently has 8.0 million shares outstanding. The Company's Dunkwa Prospecting Licenses cover a contiguous area of about 230 sq. km. along the Ashanti Gold Belt. The property straddles a 45 km strike zone of highly favorable geological formations and structures identical with those hosting the Ashanti Goldfields mine to the north and Gencor's mine to the south. Birim's common shares and series "B" warrants trade on the Canadian Dealing Network (CDN), Canada's national over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. , under the symbols BIRM and BIRM.WT. CONTACT: Denis Denis, king of Portugal: see Diniz. Simoneau President or Stuart Lee Director 514/393-8611 514/393-1158 (Fax) 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 |
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