Chivor Emerald Corporation Reports Additional Production.TORONTO--(BUSINESS WIRE)--April 21, 1997--Chivor Emerald Corp. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. CHIV.U.) Chivor is pleased to announce the additional production of approximately 1,100 carats of emeralds from its Oriente mine in the Chivor district of Colombia. This latest production was found adjacent to the March production. In order to test the downward extension of this vein system, a 10 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, internal shaft shaft (shaft) a long slender part, such as the diaphysis of a long bone. shaft n. 1. An elongated rodlike structure, such as the midsection of a long bone. 2. has been sunk and a drift has been extended from the bottom of the shaft to the expected location of the vein. The company will now explore the approximate 8 metre interval below the producing area of the vein system in the hope that more production can be achieved. Chivor is also continuing to develop the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. lateral lateral /lat·er·al/ (-il) 1. denoting a position farther from the median plane or midline of the body or a structure. 2. pertaining to a side. lat·er·al adj. 1. drift towards the eastern boundary of the Oriente mining license. By the end of May, it will underlie a majority of the older workings. Additional crosscuts are also being driven from the footwall lateral drift to locate further promising veins. In order to accelerate development, work crews are being moved from the older workings to the area of new development as working areas become available. Common Shares Outstanding: 27.0 million -0- Note to editors: NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Chivor Emerald Corporation Patrick J. Mars, 416/955-4494 416/955-1206 (FAX) or Chivor Emerald Corporation Steven A. Dawson, 416/955-4494 416/955-1206 (FAX) |
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