Canabrava Announces New Diamond Project in Canada.VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 9, 1999-- Canabrava Diamond Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) .) announces that it has completed the first phase of a major new diamond exploration initiative on the Superior Craton The Superior craton (or Superior Province) forms the core of both the North American continent and the Canadian Shield. It extends from Quebec in the east to eastern Manitoba in the west. in Canada. Following a year of data compilation and modelling involving an in-depth study of potential target areas, an extensive regional reconnaissance sampling program for diamond indicator minerals has been completed. The program was designed to test over 800,000 square kilometres of highly prospective craton craton (krā`tŏn): see continent. by careful consideration of the sampling medium in relation to the regional surficial sur·fi·cial adj. Of, relating to, or occurring on or near the surface of the earth. [surf(ace) + (superf)icial.] Adj. 1. geology. This area of the Superior Craton has recently become a focus for new diamond exploration in Canada, and one of the target areas studied hosts the Attawapiskat diamondiferous kimberlites. Several hundred samples have been collected and laboratory processing will commence before year's end. Results are expected during the first quarter of 2000, which will permit the initiation of a focused follow-up program early in the summer field season. Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada through major Joint Ventures with Kennecott Canada Exploration Inc., SouthernEra Resources Ltd. and Paramount Ventures and Finance Inc. Canabrava is 54.7% owned by Southwestern Gold Corporation (SWG-T). Rory O. Moore, President The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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