Cartaway Resources - Update on Port Hope Simpson Area Joint Venture Properties in Southern Labrador.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 7, 1996-- Cartaway Container Corp. (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 ) (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CWA) and Peruvian Gold Limited (PVO PVO abbr. private voluntary organization ) have completed a large airborne magnetic and electromagnetic electromagnetic /elec·tro·mag·net·ic/ (-mag-net´ik) involving both electricity and magnetism. electromagnetic pertaining to or emanating from electromagnetism. survey totalling 4,330 line kms on our joint venture properties in the Port Hope Simpson area of Southern Labrador covering the Kyfanan Lake intrusion. CWA and PVO control 77,250 hectares of land under joint venture agreements covering the Kyfanan Lake intrusion. The following blocks have been flown: -0-
JOINT VENTURES CLAIMS AND INTEREST LINE KMS
FLOWN
------------------ ------------------------------- --------
Cartaway Resources 2,000 claims - PVO earning 2,800
Corp. a 50 percent interest from CWA
Golden Tag 100 claims - PVO & CWA earning 140 Resources Ltd. a 50 percent interest Corsair Petroleum 100 claims - PVO & CWA earning 140 Inc. a 50 percent interest Teryl Resources 100 claims - PVO & CWA earning 140 Corp. a 50 percent interest Pandora Industries 200 claims - PVO & CWA earning 280 Inc./Pacific Amber a 50 percent interest Resources Ltd. Royalstar 190 claims - PVO & CWA earning 270 Resources Ltd. a 50 percent interest
Hawk Syndicate 400 claims - PVO & CWA earning 560
a 50 percent interest
TOTAL KMS FLOWN 4,330 Examination of the field data located a strong magnetic conductor approximately 1 km long within joint venture blocks and ground follow-up is underway. A drill permit application has been submitted to the Government. CWA and PVO have re-established the ground geophysical surveying 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. and drilling on the Harp Lake Harp Lake is a lake in north-eastern Newfoundland, Canada. joint venture leases. The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the contents herein. CONTACT: Sterling Pacific Capital Inc. Don Flahiff or John Lando, (604) 669-2701 1-800-663-0510 (604) 687-1405 (Fax) |
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