Canabrava Diamond Corporation: High-Resolution Geophysical Survey Completed, New Kimberlite Targets Identified, Mistassini Project, Quebec.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--June 3, 2003 Canabrava Diamond Corporation (CNB-TSXV) and Majescor Resources Inc. (MAJ-TSXV) are pleased to announce that the high-resolution airborne geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. has been completed over the high priority target area on the Mistassini Project in Quebec. A total of 2,200 line-kilometres of magnetic survey data was collected at 100-metre line spacing by fixed-wing aircraft "Airplane" and "Aeroplane" redirect here. For other uses, see Airplane (disambiguation). A fixed-wing aircraft is a heavier-than-air craft where movement of the wings in relation to the aircraft is not used to generate lift. flying at low level over the 12 by 14 kilometre target area. The area covered by this geophysical survey lies immediately up-ice of till sample sites from which abundant kimberlitic indicator minerals were recovered during the 2002 field program. Many of these kimberlitic indicators have fragile surface textures, which combined with the abundance of indicators, strongly suggests local kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. sources. Preliminary examination of the geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. data has defined a number of potential kimberlite targets. Targets selected from this geophysical survey will be followed up during the 2003 sampling program, which will include close spaced sampling over the target area in addition to detailed sampling down-ice of geophysical targets. This sampling program will commence in June and aims to define indicator mineral supported geophysical targets in preparation for drilling. Canabrava Diamond Corporation is actively exploring for diamonds in Canada and Brazil both independently and through joint ventures with Inco Limited and Navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator Exploration Corp. The Company is 33.7% owned by Southwestern Resources Corp. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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