Camphor Ventures Announces Fall Drilling Program Update.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Dec. 16, 1996--Camphor Ventures Inc (VSE See DOS/VSE. VSE - Virtual Storage Extended CFV.) Camphor camphor (kăm`fər), C10H16O, white, crystalline solid ketone with a characteristic pungent odor and taste. It melts at 176°C; and boils at 204°C;. Ventures Inc. is pleased to report that the Fall drilling program on the AK property resulted in four drill holes intersecting in·ter·sect v. in·ter·sect·ed, in·ter·sect·ing, in·ter·sects v.tr. 1. To cut across or through: The path intersects the park. 2. narrow kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. dykes. The Company hopes that, when drilling resumes early in the new year, these results will lead to the discovery of the kimberlite pipe believed to be associated with these dykes. The Fall drilling program concentrated on the central part of the AK property which had never been drilled before and where there are several prominent indicator mineral trains consisting of pyrope py·rope n. A deep red garnet, Mg3Al2Si3O12, used as a gem. [Middle English pirope, from Old French, from Latin garnets Garnets may have the following meanings
Extensive heavy mineral till sampling has been on-going in five areas of the southern half of the AK property to better define and cut off the numerous indicator mineral trains identified to date. When exploration resumes, several of the most promising targets will be drilled, along with select targets identified on the CJ property. Separately, the diamonds recovered from the mini-bulk sample completed in September have been examined by two diamond experts. Both experts recommended that the Company obtain additional valuations in Antwerp, Belgium. This recommendation is not unusual, since diamond valuations are subjective. It is common for several expert opinions to be obtained, especially from diamentaires in Antwerp, who handle large quantities of rough diamonds. The diamond market for smaller rough stones has been in a state of flux Noun 1. state of flux - a state of uncertainty about what should be done (usually following some important event) preceding the establishment of a new direction of action; "the flux following the death of the emperor" flux since the Argyle mine. (CRA-Ashton) withdrew from the CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division. several months ago. Additional valuations will be obtained and an average value for the diamonds will then be reported. The AK and CJ properties are held 50 percent by Mountain Province Mining Inc. (VSE-MPV; NASDAQ-MPVIF), 40 percent by Glenmore Highlands Inc. (ASE-GMH) and 10 percent by Camphor Ventures Inc. (VSE-CFV). On behalf of the Board of CAMPHOR VENTURES INC. Raj I. Chowdhry, President & Director CONTACT: Camphor Ventures Inc. Praveen Varshney, 604/684-2181 604/682-4768 (FAX) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion