Columbia Yukon Resources -- update on Alliger Lake property.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 26, 1995-- Columbia Yukon Resources (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CYR CYR Colonia, Uruguay (Airport Code) ) -- Columbia Yukon Resources Ltd. (the "Company") reports that the primary airborne surveys carried out by Aerodat Surveys over its mining license 1506 on the Alliger Lake map sheet, have been completed. The claims are contiguous with the Canadian States Gas property on which drilling has returned significant grades of nickel, copper and cobalt as reported in a news release received 25 September 1995. Some 14 conductors have been interpreted on the Columbia Yukon claim block in an area underlain un·der·lain v. Past participle of underlie. by layered troctolites and leucotroctolites. Nickel-copper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and gossans, located in earlier mapping and prospecting by crews of MPH Consulting Ltd. coincide closely with some of these conductors. Assays from the mineralization were reported previously in a range comparable to reported nickel and copper values obtained from the surface showings of the Voisey Bay deposit being developed by Diamond Fields. Silverstone Resources Ltd. (SVT-VSE) has an option to earn a 50 percent interest in the property by spending $750,000 over a three year period, paying $200,000 in cash and issuing 200,000 shares of SVT SVT supraventricular tachycardia. SVT abbr. supraventricular tachycardia SVT Supraventricular tachycardia, see there to the Company, all subject to regulatory approvals. A detailed airborne survey is underway to outline drill targets. Further ground work is in progress to evaluate conductors hosted by the troctolites that have yet to be confirmed in the field as mineralization. A winterized camp will be set up on the property to facilitate continuing the work with a systematic diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program. Permits are being sought for this and are expected to be granted at about the same time that the infrastructure is in place to carry out the program. Although the work will require helicopter support during this early stage, the area would be accessible by approximately 40 kms of road from tidewater tidewater, in U.S. history, that part of the Atlantic coastal plain between the shoreline and the farthest upstream points in rivers reached by oceanic tides. In many cases the fall line is given as the western boundary. via a route that is easy for road construction. The early indications of potential for economic grades of nickel copper mineralization on the adjacent claim block give encouragement to assign ML 1506 the highest priority. -0- NOTE: 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., Vancouver Daniel B. Evans, 604/683-3070; 604/683-2308 (fax) REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or |
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