Columbia Yukon: Buffalo Hills Craton - Northern Alberta Property Overview.VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 14, 1997--COLUMBIA YUKON(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CYR CYR Colonia, Uruguay (Airport Code) .) Columbia Yukon Resources Ltd. (the "Company"), as operator, along with its Joint Venture Partner International Butec Industries Corp. is pleased to provide a project overview of its recently acquired (subject to regulatory approval) 430 square mile property held under 12 exploration permits located within the Buffalo Hills Craton craton (krā`tŏn): see continent. area near Peace River, Alberta Peace River is a town in west northern Alberta, Canada. It is located on the Peace River, at its confluence with the Smoky River and Heart River. It is located km ( mi) northwest of Edmonton, Alberta, and km ( mi) northeast of Grande Prairie, Alberta, along (see press release 65 dated 28th, October, 1997). This highly prospective Claim Group lies approximately 36 miles Southwest of the Pure Gold/Ashton/Alberta Energy Kimberlitic Diamond Discovery. Several major crustal crust·al adj. Of or relating to a crust, especially that of the earth or the moon. Adj. 1. crustal - of or relating to or characteristic of the crust of the earth or moon features have been identified by the Alberta Geological Survey that are shared by the Ashton discovery area. These include a deepening of the deep crustal marker, the Mohorovicic Discontinuity, a strong, deep-seated magnetic structure and major fault systems striking northeast-southwest roughly parallel to the Peace River Arch structure. Indicator minerals for diamond host rocks have been reported to occur in a belt through the area by the Alberta Geological Survey. The belt is called the Peace River Trend and includes the Mountain Lake and other kimberlitic bodies. The geological environment of this sector of Alberta is analogous to the area of Siberia hosting the world class Mir Diamond Mine. The kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. intrusions in the area of the Peace River Trend have punched through several thousand feet of Prairie Basin sediments and have not necessarily been eroded to a stub A small software routine placed into a program that provides a common function. Stubs are used for a variety of purposes. For example, a stub might be installed in a client machine, and a counterpart installed in a server, where both are required to resolve some protocol, remote procedure stem of the typical martini glass shaped kimberlite body. CYR is able to take advantage of state of the art technology and recent modelling of the geological parameters to plan its exploration work. A high resolution aeromagnetic survey will be contracted in the next week and further field work will follow detailing potential drill targets for this coming fall/winter exploration season. -0- ON BEHALF OF THE BOARD OF DIRECTORS MICHAEL S. GUSTAVSON, DIRECTOR -0- The Alberta Stock Exchange nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. CONTACT: Columbia Yukon Resources Ltd. Michael S. Gustavson, 604/683-3070, 1-888-888-9122 (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) or 1-888-888-9123 (USA) 604/683-2308 (FAX) E-mail: columbia@columbia-yukon.com Website: http://www.columbia-yukon.com/columbia-yukon/ |
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