Canabrava Focuses on Superior Craton Projects.Business Editors VANCOUVER, Britsh Columbia--(BUSINESS WIRE)--May 2, 2003 Canabrava Diamond Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: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) ) announced today that it has refocused its Canadian diamond exploration programs to target 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 Ontario and Quebec. As a consequence of this project review Canabrava has informed Diamonds North Resources Ltd. that it has terminated the letter agreement between Canabrava and Diamonds North relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Hadley Bay Project on Victoria Island, Nunavut. Canabrava will concentrate its activities on the Superior Craton, specifically on the Winisk Project in northwestern Ontario and the Mistassini Project in the Otish Mountains of Quebec. Canabrava President, George Read, stated today: "This reorganization of our Canadian project portfolio enables Canabrava to focus on the Superior Craton projects to the best benefit for our shareholders. The Mistassini Project with its abundant indicator mineral recoveries and Winisk Project with its excellent cratonic setting and geophysical data provide potential for kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. and diamond discovery in the short and mid-term." Canabrava Diamond Corporation is actively exploring for diamonds in Canada and Brazil both independently and through joint ventures with Inco Limited, Majescor Resources Inc. and 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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