COLUMBIA YUKON RESOURCES UPDATE.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 7, 1995-- Columbia Yukon Resources Ltd. (the "company") has been advised by International Canalaska Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. ) that a mineral discovery has been made on their VBE 1 joint venture claims. Recent exploration has located disseminated and bleb bleb (bleb) a large flaccid vesicle, usually at least 1 cm. in diameter. bleb n. A large flaccid vesicle. bleb a large flaccid vesicle, usually at least 0. type sulfides in anorthositic bedrock on the property. Chalcopyrite, pyrrhotite and pyrite 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. has been sampled and submitted for assay. The claim block lies 15 kms due east of the Voisey Bay nickel cobalt discovery of Diamondfields Resources Ltd. A geophysical survey and trenching program has been recommended by the project manager to evaluate the discovery. The company has the right to earn up to a 70 percent interest in the VBE 1-2 claims under the terms and conditions as outlined in the Company's news release February 23, 1995. On Behalf of the Board of Directors Douglas L. Mason President -0- NOTE TO EDITORS: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Douglas L. Mason, 604/683-3070 604/683-2308 (Fax) |
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