Blue Emerald Resources Acquires A 100 Percent Interest in 20 Claims in Central Norway.TORONTO--(BUSINESS WIRE)--April 1, 1996--BLUE EMERALD RESOURCES (VSE See DOS/VSE. VSE - Virtual Storage Extended : BER (1) (Basic Encoding Rules) A set of encoding rules for ASN.1 notation, which is a method for defining data structures. See ASN.1. (2) (Bit Error Rate) The average number of bits transmitted in error. See BERT. 1. ) Blue Emerald is pleased to announce it has acquired a 100 percent interest in 20 claims in central Norway Central Norway (Norwegian: Midt-Norge (bokmål); Midt-Noreg (nynorsk)) is an administrative division that includes the counties of Nord-Trøndelag, Sør-Trøndelag and Møre og Romsdal and is used by, for example, the Regional Health . A 3 percent net smelter return is payable to the vendors, who are private companies, in addition to 100,000 shares of the company and $3,100 cash. The claims cover two properties for a total of 4 square kilometers. One of the properties hosts a polymetallic deposit that was partially mined around the turn of the century. Recent sampling by the Norwegian Government averaged 5 percent zinc, 1.1 percent copper, 1.3 oz/tonne silver and .03 oz/tonne gold on one of the properties and 10 percent zinc, 3 oz/tonne silver and .06 oz/tonne gold on the second property. The company also wishes to advise that it has an agreement to issue 60,000 shares in lieu of Instead of; in place of; in substitution of. It does not mean in addition to. cash for its February option payment on its 34 claim block in Carpiquet township, Quebec, subject to regulatory approvals. The company terminated its option with Jon Pol on their 58 claim block situated to the east in Carpiquet and Urban township An urban township (in Michigan, Minnesota and Ohio) or urban town (in Wisconsin) is a designation of a unit of local government in several midwestern U.S. states. Generally, an urban township is afforded more local authority than that of a township and less than that of a , Quebec. Further, the company advised that it has completed a drill program consisting of 1644 feet in 6 holes on its Romios option in Frechette Township, Ontario. Assay values were lower in copper and gold than those reported in earlier drilling, with the best assay being .24 percent copper over 46 feet. A field program is planned for the summer to investigate the mineralizing controls. Finally, the Company is pleased to advise that an application has been made with another Canadian mining company to acquire a 45 percent interest in 7,625 hectares on the island of Java in Indonesia. The property is located near the west coast of Java and is adjacent to one of the Indonesian government claims which host 5 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 up to 1600 meters long with reported grades ranging from .02 to 2 oz/tonne gold and 1.5 to 18 oz/tonne silver. From geologic information available, the mineralized zones occur along major structures which extend across the claim block that Blue Emerald and its joint venture partner have applied for. ON BEHALF OF THE BOARD "D. Bartlett" President The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the information contained herein. CONTACT: Blue Emerald Resources Inc. Richard Nemis, ere/Bartlett, 416/864-1456 |
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