Cartaway Resources - Property Review and Work Update.CARTAWAY CONTAINER (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CWA CWA Clean Water Act (33 USC) CWA Communications Workers of America CWA Concerned Women for America CWA CEN Workshop Agreement (European pre-normative document) CWA County Warning Area CWA Clean Water Action )--Cartaway has completed four drill holes on the Peruvian "B" conductor with disappointing results. The conductor is a 20 to 30 meter thick massive to network pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. zone within gneisses near the contact with the layered intrusive rocks (Geol.) rocks which have been forced, while in a plastic or melted state, into the cavities or between the cracks or layers of other rocks. The term is sometimes used as equivalent to plutonic rocks ltname>. It is then contrasted with effusive or volcanic rocks. See also: Intrusive . No further work is planned at this time and the property will be re-evaluated during the summer field program. The drill and camp is being mobilized to the Cabot Lake area from where Cartaway plans to drill several properties and do follow-up geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. on others. Two holes are planned for the Cabot North property to test magnetic conductors associated with gossans. The gossans have returned anomalous values in copper and nickel, the best value being 0.14 percent Cu. Two holes are planned for the Ikadlivik Brook property to test two conductors associated with gossans which returned anomalous copper and nickel values. Both properties are under option from Freeport Resources Inc. and Cartaway can earn a 70 percent interest. Two drill holes are planned for the Cabot Lake South property to test two magnetic conductors. The Cabot Lake South property is under option from International Silver Ridge Resources Inc. and Cartaway can earn a 51 percent interest. Airborne magnetic and electromagnetic surveys have been completed on the Kyfanan Lake blocks in southern Labrador. Peruvian Gold Limited is earning 50 percent of Cartaway's interest by expending the next $1,500,000 on exploration. Cartaway and Peruvian have also entered into a 50/50 joint venture on several peripheral blocks in the Kyfanan Lake area. The AEM AEM Applied and Environmental Microbiology (journal) AEM Association of Equipment Manufacturers AEM Academic Emergency Medicine (journal) AEM Agnico-Eagle Mines Limited AEM Advanced Engine Management survey has located a strong magnetic conductor approximately 1 km long within layered intrusive rocks and on the boundary of blocks under option from Royal Star Resources Ltd. and The Hawk Syndicate. Ground 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. follow-up is underway, accessed from the town of Port Hope Simpson, located near the eastern end of the Kyfanan Lake claims area. The Cartaway-Peruvian joint venture has the right to earn a 50 percent interest in these blocks as well as blocks under option from Corsair corsair: see Barbary States; piracy. Petroleum Inc., Golden Tag Resources, Teryl Resources-Clark-Eveleigh Consulting and Pandora Resources Inc.-Pacific Amber Resources Inc. A geophysical crew is at the Puttuaalu Lake camp in the Okak Bay area and are currently ground proofing several AEM anomalies on the Okak Bay South claim blocks. Conditions at the Cirque claim block are being monitored and the drill will be mobilized to the site as soon as conditions permit. On behalf of the Board of Directors Walter Nash Sir Walter Nash, GCMG, CH (12 February 1882–4 June 1968) served as Prime Minister of New Zealand from 1957 to 1960 and was also highly influential in his role as Minister of Finance. Vice President Exploration CONTACT: Cartaway Resources, a division of Cartaway Container Corp. Don Flahiff at Sterling Pacific Capital Inc. 1-800-663-0510 or 604/669-2701 604/687-1405 (Fax) |
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