Camnor program at Willoughby approved.VANCOUVER--(BUSINESS WIRE)--June 24, 1996--Donald A. McLeod, President of Camnor Resources Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) announced today that an approved budget has been set for the forthcoming exploration season on the Willoughby Project. Camnor Resources Ltd. (50 percent) as operator, along with its joint venture partners have approved a budget for the 1996 exploration season of $1,300,000. The Willoughby Project is located 26 km east of Stewart, B.C. and is adjacent to Royal Oak Mines The Royal Oak Mines Incorporated was a gold mining company, founded in 1990 by Peggy Witte in Kirkland, Washington. They held numerous gold and base metal properties in Canada, including the Giant Mine in the Northwest Territories, Pamour Mine in Ontario, Hope Brook Mine in Ltd.'s, "Red Mountain" property, where a one million ounce plus gold reserve has been reported. Exploration at the Willoughby Project has outlined several zones of gold and silver 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. . A base camp will be set up on-site commencing June 28, 1996 and Phase One of the underground drilling program will start directly thereafter. The program calls for 4,300 meters of diamond drilling to be conducted with a series of assay results to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. once received. -0- The Project Phases will be as follows: Phase One Phase Two Surface -Underground -Underground
i)Mapping/Sampling i)Drifting i)Exploration
ii)Drilling ii)Mapping/Sampling ii)Drilling
iii)Assaying iii)Drilling iii)Assaying
iv)Assaying
CAMNOR RESOURCES LTD. Donald A. McLeod, President -0- EDITOR'S NOTE: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. CONTACT: Camnor Resources Ltd. Scott Marshall, 1-888-338-2200 or (604) 687-7545 James D. Romano, 1-888-338-2200 or (604) 687-7545 Internet Icon: http://www.info-mine.com/northair/ |
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