Canabrava Diamond Corporation Brazil Diamond Project.VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 19, 1996-- Canabrava Diamond Corporation (CNB-V) is pleased to announce that 74 kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipes have been discovered within the project area to date and a further 196 magnetic targets are prepared for drilling. Eighty kilogram kilogram, abbr. kg, fundamental unit of mass in the metric system, defined as the mass of the International Prototype Kilogram, a platinum-iridium cylinder kept at Sèvres, France, near Paris. samples of drill chips and core from 5 kimberlite pipes have been sent to Lakefield Research for caustic caustic, any strongly corrosive chemical substance, especially one that attacks organic matter. A caustic alkali is a metal hydroxide, especially that of an alkali metal; caustic soda is sodium hydroxide, and caustic potash is potassium hydroxide. dissolution Act or process of dissolving; termination; winding up. In this sense it is frequently used in the phrase dissolution of a partnership. The dissolution of a contract is its Rescission by the parties themselves or by a court that nullifies its binding force and reinstates each . Indicator mineral chemistry for these five pipes are very encouraging. Exploration budgets for next year have been approved and the drilling program is to continue throughout 1997. Processing of samples has been backlogged in the lab in Patos and Teck Corporation, as operator, is presently constructing a plant to handle a greater flow of sample material. The plant will be operational in the first quarter of 1997 and will be capable of handling 500 litres of material per hour. In the Lagamar area, thousands of diamonds have been recovered from alluvials with stones up to 0.95 carats. Intensive studies on these diamonds suggest they are little transported from their source and more detailed magnetic surveys are being conducted to delineate buried bur·y tr.v. bur·ied, bur·y·ing, bur·ies 1. To place in the ground: bury a bone. 2. a. To place (a corpse) in a grave, a tomb, or the sea; inter. b. kimberlite pipes. The Canabrava Joint Venture is comprised of 26 properties totaling 890,000 hectares and is located 400 kilometres southeast of the capital city of Brasilia. Over 500 priority 1 airborne airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. magnetic targets are to be tested. Ten clusters of these magnetic targets are within the source area for streams containing diamonds. -0- John G. Paterson, President CONTACT: Canabrava Diamond Corporation George Plewes, 604/669-2525 604/688-5175 (FAX) |
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