Cartaway Resources Corp. -- drilling update.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 1, 1996-- Cartaway Resources (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 ) has completed two drill holes on the Cabot Lake North property with disappointing results. Cartaway has a right to earn a 70 percent interest from Freeport Resources Inc. The drill holes tested two conductors and encountered sulphides in each hole but no copper or nickel minerals were observed in the core. Cartaway has submitted samples from both drill cores for assay and will report these results if they are of any significance. The drill program at Cabot Lake North has now been suspended until further notice. Cartaway has mobilized a drill to the Kyfanan Lake claims located in south eastern Labrador and will begin drill testing a strong magnetic conductor approximately 1 km long and up to 40 meters thick within the Kyfanan Lake 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 . Peruvian Gold Limited and Cartaway Resources Corporation are earning a 50 percent interest from two parties, the Hawk Syndicate and Royal Star Resources Ltd, on which ground this magnetic conductor lies. 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. work in the Okak Bay area being done from the Puttuaalu Lake camp has been delayed by bad weather but is nearing completion. A drill crew will be mobilized to the camp on April 15 and if conditions are favourable, will test the large geophysical anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. at the Cirque. Alternatively, the drill will test a strong flat lying conductor which occurs at a depth of 125 meters and is located on a 100 percent owned Cartaway block 10 km north west of the camp. The company is pleased to announce that a corporate name change has been approved at the recently held Annual General Meeting. The company name is now "Cartaway Resources Corporation" and better reflects the business of the company. The Alberta Stock Exchange trading symbol Trading symbol See: Ticker symbol (CWA) will remain the same. For more information please contact Sterling Pacific Capital Inc. toll free at 1-800-663-0510 or 604-669-2701. We may also be reached by email at spc@helix Helix - A hardware description language from Silvar-Lisco. .net or fax us at 604-687-1405. 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 -0- Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved the contents herein. CONTACT: Sterling Pacific Capital Inc. 800/663-0510, 604/669-2701 604/687-1405 (fax) Internet: www.sterlingpac.com e-mail: spc@helix.net |
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