Blue Ridge Gypsum Appraisal Nears Completion.PARLIER, Calif.--(BUSINESS WIRE)--Sept. 10, 1999-- Monsoon International Manufacturing & Distribution Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MIMF MIMF Musical Instrument Makers Forum MIMF Midland Irish Music Festival ) Friday announced that appraisal work on the Blue Ridge Blue Ridge, eastern range of the Appalachian Mts., extending south from S Pa. to N Ga.; highest mountains in the E United States. Mt. Mitchell, 6,684 ft (2,037 m) high, is the tallest peak. Beginning with a narrow ridge in the north, c. claim block of their gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. asset north of Las Vegas is nearing completion. Supplementary drilling was completed last week and all 1,400 lab samples from the Blue Ridge drilling program are being processed for final qualitative assessment by ACTLABS of Tucson, Ariz. The independent lab has projected Sept. 17 for their completion of loss on ignition Loss on Ignition is a test used in inorganic analytical chemistry, particularly in the analysis of minerals. It consists of strongly heating ("igniting") a sample of the material at a specified temperature, allowing volatile substances to escape, until its mass ceases to change. testing which is the general test used for the 1,400 samples to determine calcium sulfate values. Some additional tests will be required to complete the necessary qualitative chemical analysis of the sample. As the lab work is being completed, Monsoon consulting geologists, chemists and engineers are concurrently finalizing geological modeling data which is also being utilized by appraisers for completion of their work. Final computerized modeling of the geological data should be completed by Sept. 22 and the appraisal for the entire Blue Ridge claim block is slated for completion by Sept. 28. The Blue Ridge portion of the appraisal represents approximately 10 percent of Monsoon's total land position on the gypsum project. The gypsum asset appraisal work is being done by members of the Association of International Mineral Appraisers (AIMA AIMA Alternative Investment Management Association AIMA All India Management Association AIMA Artificial Intelligence: A Modern Approach (textbook) AIMA Associazione Italiana Malattia di Alzheimer ). The appraisers group specializes in the assessment of industrial and construction materials and minerals. Some of their past work includes the appraisal of the largest gypsum mine in North America. More news as it develops. Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. All statements, other than statements of historical fact, included in this release, including without limitation, statements regarding statements that involve risks and uncertainties. There can be no assurance that statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Monsoon International Manufacturing & Distribution assumes no obligations to update information contained in this release. |
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