CONSOLIDATED RAMROD GOLD - HONDURAS JOINT VENTURE RESULTS.VANCOUVER, BC--(BUSINESS WIRE)--Nov. 30, 1994--Consolidated Ramrod ram·rod n. 1. A rod used to force the charge into a muzzleloading firearm. 2. A rod used to clean the barrel of a firearm. 3. A harshly demanding overseer; a disciplinarian. tr.v. Gold Corporation has received assays for six of the first sixteen core drill holes completed on the Chaparrales Exploration Permits, Honduras. Assay results identify the existence of multiple 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 in the Santa Cruz Santa Cruz, city, United States Santa Cruz (săn`tə kr  z), city (1990 pop. 49,040), seat of Santa Cruz co., W Calif., on the north shore of Monterey Bay; inc. 1866. sector ranging in widths from 65 feet to more
than 130 feet and having a depth continuity from the surface to at least
490 feet. The strike length represented by drilling and assays exceeds
650 feet along a north-northwest/south-southeast trend. Mineralized
zones are open to depth and on strike, providing positive in-put for a
potential low- cost gold producing operation utilizing bulk mining and
heap-leach recovery methods.Chaparrales is one of 15 Exploration Permits (482 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. ) controlled by Aurora Exploracion (Honduras) S.de R.L., which are located in the Republic of Honduras, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . Ramrod has an option to gain controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Aurora and their properties through in-ground expenditures in the Honduran prospects. -0-
DEPTH GOLD
DRILL HOLE FROM TO INTERVAL OZ PER TON
(ft) (ft) (ft)
R94-1 137.8 269.0 131.2 0.029
including 223.0 269.0 45.9 0.054
347.7 465.8 118.1 0.041
including 393.6 433.0 39.4 0.077
544.5 574.0 29.5 0.051
R94-2 400.2 466.8 65.6 0.023
including 400.2 413.3 13.1 0.040
R94-3 314.9 387.0 72.2 0.025
including 380.5 387.0 6.5 0.062
R94-4 341.1 413.3 72.2 0.034
including 367.4 387.0 19.8 0.068
446.1 577.3 131.2 0.032
including 465.8 498.6 32.8 0.064
R94-5 269.0 334.6 65.6 0.007
R94-6 272.1 351.0 78.2 0.034
including 272.9 298.5 25.6 0.090
429.7 439.5 9.8 0.066
-0-
Ramrod continues to drill at Chaparrales on the basis of encouraging assay results and geologic conditions indicated by recovered drill core. In conjunction with the Chaparrales drilling program, drilling, geological investigations and geochemical studies are being conducted on the other mineral Exploration Permits as required by the Honduran mining code and Aurora agreement obligations. -0- The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on have neither approved nor disapproved of the contents of this press release. CONTACT: CONSOLIDATED RAMROD GOLD CORPORATION David B. Jackson, 604/682-6477 |
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