Chivor Reports New Emerald Production In Excess Of 2000 Carats.TORONTO--(BUSINESS WIRE)--Oct. 6, 1997--Chivor Emerald Corpo (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 Chivor is a town and municipality in the Colombian Department of Boyacá, part of the the subregion of the Eastern Boyacá Province. • • Emerald Corporation Ltd. is pleased to announce additional emerald production from its Oriente Oriente (Spanish for East) was one of six provinces of Cuba until 1976. It was known as "Santiago de Cuba Province" before 1905. The name is still used to refer to the eastern part of the country. The provincial capital was Santiago de Cuba. mine, in the Chivor district of Colombia Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. . In September, production totaled approximately 875 carats while, so far in October, over 1200 carats have been produced. The colour and quality of the recent production is superior to that achieved earlier in the year. The value of the production will be fixed when the emeralds are sold. The recent production has occurred in the south end of the mine, which is being developed from the Dixon level opened up earlier this year. During the past several months the company has been developing the mine in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with a plan which calls for mining all promising veins on a systematic basis, to eliminate the risk that emeralds could be missed because part of the vein was not mined. As a result, several new vein complexes are now being comprehensively mined, including those from which recent production has occurred. The company has been achieving progressively better operating results at the mine while at the same time, cash costs have been reduced considerably from earlier levels. At the end of September the company had approximately US$0.9 million in cash. Number of shares issued and outstanding: 26,976,307 -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 Ltd. Patrick J. Mars, 416/868-6666 or Chivor Emerald Corporation Ltd. Forbes West, 416/868-6666 |
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