CONSOLIDATED RAMROD GOLD CORPORATION SUCCESSFUL SPRING PROGRAM AT DAMOTI LAKE.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , BC--(BUSINESS WIRE)--June 1, 1995--Holes D95-125 through D95-208 were completed before "break-up break-up noun 1. separation, split, divorce, breakdown, ending, parting, breaking, splitting, wind-up, rift, disintegration, dissolution, termination noun 2. " at Damoti Lake. Drilling has been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. until the ice breaks up on the lake. Holes D95-125 through D95-167 plus hole D95-176 were released earlier this year. Since that time most of the holes were drilled from the ice of Damoti Lake in the vicinity of BIF BIF In currencies, this is the abbreviation for the Burundi Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and North Islands. Several important achievements were made as follows: -0- 1. Two new sections, at 2090N and 2070N respectively, were drilled with several closely-spaced, mostly-vertical holes to see if the model developed on the South Peninsula A peninsula is a piece of land that is bordered on three sides by water. A peninsula can also be a headland, cape, island promontory, bill, point, or spit.[1] Europe
These confirmed that the East flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. of plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: synclines contains east dipping high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. gold zones of substantial thickness which can be traced from section to section and which continue to the North. 2. The Hinge hinge n. A jointed or flexible device that allows the turning or pivoting of a part, such as a door or lid, on a stationary frame. hinge see hinge joint. zone at the bottom of the BIF Island syncline contains important concentrations of high grade gold in zones which do not conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the model discussed in number 1 above. This thick zone also continues to the North and needs to be extended by drilling. See hole D95-177 below, for example. 3. In some scout holes drilled between North Island and BIF Island encouraging intersections of good grade gold were encountered showing that there are some new zones which could add substantial tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. and grade to the known zones and which need to be tested. See holes D95-196 and D95-201 below. 4. Four holes drilled in a new area North of North Island all hit significant gold values, thus showing that the structures and gold zones continue a yet-to-be-determined distance to the North. This will require a substantial program to test and define. See holes D95-192, D95-203, D95-205, D95-207 below. -0- In summary it can be said that the numerous zones at Damoti Lake continue to develop into important gold deposits. To fully test these will require the following: 1. More drilling in the several promising South Peninsula areas. Further mapping and sampling will precede this drilling and will start as soon as the snow and ice are gone. 2. Further mapping and sampling on the mainland North of North Island. 3. Further drilling between BIF and North Islands as well as North of North Island. Some of this will have to await AWAIT, crim. law. Seems to signify what is now understood by lying in wait, or way-laying. good ice conditions later this year. 4. A major trenching and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. underground program to open up some of the better zones to bulk sample them for metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. and geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. information. These programs are being studied and designed now for implementation as early as this summer. -0- Management remains convinced that an important gold resource is present at Damoti Lake and that work should continue toward its exploration and exploitation. -0- A complete listing of the latest holes and assay results follow: -0- BIF ISLAND INFILL HOLES
Hole No. From To Interval Gold
(feet) (feet) (feet) (oz/ton)
D95-177 170.28 175.36 5.08 0.242
187.83 195.54 7.71 0.352
219.49 223.10 3.61 0.130
D95-178 241.47 245.08 3.61 0.247
269.03 277.56 8.53 0.388
D95-179 87.93 93.50 5.58 0.216
150.92 155.12 4.20 0.132
160.76 164.70 3.94 0.176
423.72 427.33 3.61 0.206
432.25 435.53 3.28 0.328
-0-
BIF ISLAND INFILL HOLES (con't)
Hole No. From To Interval Gold
(feet) (feet) (feet) (oz/ton)
D95-180 96.13 100.07 3.94 0.193
147.31 150.26 2.95 0.194
D95-181 100.70 103.67 2.97 0.110
159.12 164.37 5.25 0.265
190.94 192.91 1.97 0.136
195.21 200.13 4.92 0.146
234.25 235.89 1.64 0.268
250.00 273.29 23.29 0.323
D95-182 12.14 13.45 1.31 0.384
169.62 194.23 24.61 0.255
248.36 252.30 3.94 0.325
D95-183 75.79 83.99 8.20 0.339
124.02 132.55 8.53 0.323
166.34 168.96 2.62 0.386
D95-184 91.86 121.39 29.53 0.421
141.73 150.92 9.19 0.210
167.32 181.43 14.11 0.402
207.02 229.99 22.97 0.492
D95-185 511.81 516.73 4.92 0.239
546.92 557.74 10.82 0.205
D95-186 Gold values not ore grade D95-187 Did not intersect host iron formation D95-189 Gold values not ore grade
D95-190 397.64 411.42 13.78 0.191
D95-191 173.88 178.81 4.93 0.185
D95-193 60.04 62.66 2.62 0.233
192.59 195.54 2.95 0.258
538.06 540.68 2.62 0.429
D95-208 272.97 282.81 9.84 0.500
D95-196 Step out hole 400 feet north of Bif Island Zone
132.87 157.81 24.94 0.319
-0-
DRILL HOLES ON NORTH ISLAND
From To Interval Gold
(feet) (feet) (feet) (oz/ton)
Hole No.
D95-194 Missed host iron formation
D95-195 108.92 110.56 1.64 0.130
D95-197 Gold values not ore grade
-0-
STEP-OUT HOLES NORTH OF NORTH ISLAND
From To Interval Gold
(feet) (feet) (feet) (oz/ton)
Hole No.
D95-192 137.80 149.28 11.48 0.403
D95-203 73.49 83.66 10.17 0.227
D95-205 Gold values not ore grade
D95-207 118.11 124.02 5.91 0.322
-0-
STEP-OUT HOLES SOUTH OF THE NORTH ISLAND
From To Interval Gold
Hole No. (feet) (feet) (feet) (oz/ton)
D95-198 Missed host iron formation
D95-201 345.80 349.08 3.28 0.389
-0-
Holes D95-198, D95-200 and D95-202 did not intersect the host
iron formation.
Sections and plans of these areas are being prepared. Interested
parties can receive copies of these in due course by phoning
1-800-663-8947.
Ramrod is operator of the project and has vested its interest,
ownership of the Damoti Lake Joint Venture is:
-0-
Consolidated Ramrod Gold Corporation 51 percent
Gitennes Exploration Inc. 25 percent
Athabaska Gold Resources Ltd. 24 percent-0-
Note to Editors: 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 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 Robert J. Miller, D.Sc., P.Eng., 604/682-6477 Fax: 604/683-5912 Toll Free: 800/663-8947 |
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