Canabrava Diamond: Whitefish Lake Project, Ontario: Kimberlites Confirmed.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 21, 1997-- Canabrava Diamond Co (VSE See DOS/VSE. VSE - Virtual Storage Extended :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) .) Canabrava Diamond Corporation (CNB-V) is pleased to announce that laboratory tests have confirmed the presence of two kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. bodies discovered on the Company's Whitefish whitefish: see salmon. whitefish Any of several silvery food fishes (family Salmonidae, or Coregonidae), inhabiting cold northern lakes of Europe, Asia, and North America. Lake Project located near Wawa, Ontario during the past summer field season. These are the first kimberlites known from this area and were found within two months of initiating the field program. The largest of the two kimberlites is estimated to be 400 metres by 200 metres in size. The kimberlites are located in areas where sub-calcic G-1O garnets have been recovered in modern alluvium al·lu·vi·um n. pl. al·lu·vi·ums or al·lu·vi·a Sediment deposited by flowing water, as in a riverbed, flood plain, or delta. Also called alluvion. samples. Several other samples of boulder material suspected of being kimberlitic is presently being analyzed. It is expected that further kimberlites will be discovered on the basis of airborne magnetic data and distribution of kimberlite indicator minerals recovered in the summer geochemical sampling program. Three hundred of the over 700 geochemical samples collected have been concentrated and analyzed for kimberlite indicator minerals. About 25 percent of the samples analyzed to date contain kimberlite indicator minerals. Determination of mineral chemistry will commence shortly and results will be used to determine follow-up targets. Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada. The Company is 52 percent owned by Southwestern Gold Corporation (SWG-T). John G. Paterson, President Canabrava Diamond Corporation -0- 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 release. CONTACT: Canabrava Diamond Corporation George H. Plewes, 604/669-2525 604/688-5175 (FAX) http://www.swgold.com John G. Paterson, 604/669-2525 604/688-5175 (FAX) http://www.swgold.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion