Canabrava Diamond Corporation and Majescor Resources Inc.: High Priority Targets Identified on Mistassini Project.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 8, 2002 Airborne Geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. completed in Otish Mountain Area, Quebec Canabrava Diamond Corporation (CNB-CDNX) and Majescor Resources Inc. (MAJ-CDNX) are pleased to announce that they have recently completed interpretation of the 9,224-line km 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. on the Mistassini Project in Quebec. Flown at a line spacing of 150 m, the survey was designed to identify possible drill targets related to the distinctive dispersion trains of kimberlitic indicator minerals already discovered by Majescor. A total of 77 magnetic anomalies Magnetic Anomaly may refer to:
adj. 1. a. Of, relating to, or derived from a glacier. b. Suggesting the extreme slowness of a glacier: Work proceeded at a glacial pace. 2. a. sediment sampling, prospecting and geological mapping. Majescor is the operator of the exploration programs and Canabrava is funding the work in order to earn a 50% interest in the project. Of interest, Ashton Mining of Canada Inc. and its partner Soquem recently announced (Mar28/02) the discovery of a third kimberlitic body on their property located directly to the north of the Mistassini property. The first two are known to be significantly diamondiferous. Similarly, the Beaver Lake kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. , located just east of the Mistassini property, has also proved to carry both macrodiamonds and a significant population of G10 garnets Garnets may have the following meanings
Canabrava Diamond Corporation is actively exploring for diamonds in Brazil and Canada both independently and through major joint ventures with Kennecott Canada Exploration Inc., Navigator Exploration Corp., and Paramount Ventures and Finance Inc. The Company is 38.9% owned by Southwestern Resources Corp. (SWG-T). Majescor Resources Inc. is an exploration company with the largest portfolio of diamond properties in Quebec. |
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