Blue Emerald Resources Inc. - Gold Prospects in Java, Indonesia.TORONTO--(BUSINESS WIRE)--Feb. 27, 1997--(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 Resources Inc. is pleased to announce that a two month limited exploration program carried out on the Walang Project in Java, Indonesia (Blue Emerald 45 percent, Waseco 45 percent) has identified 13 prospective gold target areas. Follow-up work is currently being carried out on 3 of these gold prospects with further work planned on the other 10 target areas. -The First Prospect is a large, leached and oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. , silica silica or silicon dioxide, chemical compound, SiO2. It is insoluble in water, slightly soluble in alkalies, and soluble in dilute hydrofluoric acid. Pure silica is colorless to white. cap, roughly 2.5 km long and 400m to 1000m wide which yielded 1.67 gm/ton gold in a bedrock sample. -The Second Prospect is a leached and oxidized silica cap, 180m long by 200m wide with grab samples Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole assaying up to 0.44 g/ton gold and 2 g/ton silver. The bedrock geochemical and alteration signatures, with adjacent gold in drainages, are interpreted as high level silica caps indicative of large epithermal gold deposits. -The Third Prospect was located from a strong stream geochemical anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. in an adjacent drainage and yielded 1.09 g/ton gold (size is yet to be determined). Grab samples have assayed up to 0.86 g/ton gold and 1 g/ton silver from a leached and oxidized horizon. The results of the program are considered to be extremely encouraging because each of these targets has been strongly leached (oxidized), causing reduced gold and silver values at surface. A detailed mapping/surface program sampling is continuing, to be followed by systematic trenching to define drill targets. The property was selected to cover known extensions of epithermal gold veins discovered on the immediately adjacent property (now held by Palmer Resources) where 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 have been confirmed. In light of the encouraging results, Blue Emerald and Waseco have secured an additional 4,029 hectares within the Walang Block. The companies will each hold a 45 percent interest (Indonesian partner holds 10 percent). Both companies are posting a seriousness bond and each will deliver 100,000 common shares to the vendor and a further 100,000 common shares will be payable by each company upon commencement of commercial production. The Indonesian partner retains the right to purchase an additional 20 percent interest within 180 days of receipt of a final feasibility report. The agreement is subject to board and regulatory approvals. ON BEHALF OF THE BOARD "DEREK BARTLETT" Derek Bartlett, President CONTACT: Blue Emerald Resources Inc. Katharin von Gavel gavel small mallet used by judge or presiding officer to signal order. [Western Culture: Misc.] See : Authority , 905/542-3551 905/542-0557 (FAX) or Blue Emerald Resources Inc. Margaret Bartlett, 800/250-4485 905/542-0557 (FAX) |
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