Consolidated Magna - Latest Drilling Encounters Significant Widths with High Grade Nickel Spikes.VANCOUVER, British Columbia--(BUSINESS WIRE)--Consolidated Magna Ventures Ltd. (CMV CMV cytomegalovirus. CMV abbr. 1. controlled mechanical ventilation 2. cytomegalovirus Cytomegalovirus (CMV) .VSE See DOS/VSE. VSE - Virtual Storage Extended ) and Consolidated Viscount viscount European title of nobility, ranking immediately below a count, or earl. The wife of a viscount is a viscountess. In the Carolingian period, the vicecomes were deputies or lieutenants of the counts (comes), whose official powers they exercised by delegation. Resources Ltd. (CVR CVR See contingent value right (CVR). .VSE) are pleased to report final drilling results for 1995. The latest round of drill intercepts has demonstrated a significant increase in the size potential of the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. system in the C Anomaly area. Hole C1-4 drilled at -45 degrees dip intersected continuous, disseminated 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. over 46 metres (150.9 feet). Hole C1-4B drilled at -70 degrees on the same set-up encountered multiple mineralized mafics from 5.40 m. to 71.01 m. (215.2 feet). Drill core currently being examined through thin section has clearly demonstrated magmatic, textured sulfides with sections of massive pyrhotite. Individual assays in the massive mineralized areas return multiple individual grades exceeding 2 percent and 3 percent Ni with peak values up to 4.7 percent Ni. A late-stage barren granitic plug has crosscut the mineralized mafics and consequently dilutes overall grades to some degree. Even so, the holes have returned numerous significant mineralized intercepts, and have proven the existence of a much larger system than previously known. The following is a summary of the latest drilling results: -0-
Hole No. Width(m.) Width(ft.) Ni Cu Co Combined
(percentage)
C3-7 10.18 33.4 .448 .155 .02 .623 includes 3.54 11.6 1.04 .194 .03 1.264 includes 1.34 4.4 2.10 .256 .06 2.416 C1-4 45.56 149.4 .253 .095 .01 .358 includes two 3.48 11.4 .633 .351 .02 1.004 separate intervals 4.86 15.9 .500 .152 .02 .672
C1-4B 65.7 215.5 M i n e r a l i z e d
11.73 38.5 .575 .157 .02 .752
includes 6.7 22.0 .826 .223 .05 1.099
includes 1.0 3.3 2.06 .141 .06 2.261
separate
interval 4.0 13.1 .805 .320 .02 1.145
includes 1.0 3.3 1.28 .165 .04 1.485
-0- Hole C3-7 is a 100 m. step-out to the south of C3-2 previously released. 23.7 m. mineralized section including 6.31 m. (20.7 feet) 1.03 percent Ni, .371 percent Cu, .034 percent Co (1.435 combined). C3-7 is also the farthest hole south in the C3 area and remains 500 m. north of the drilling and the same zone in the C1 area. Hole C1-4 is the furthest hole drilled to the south of the entire system and is 50 m. from the northern edge of Long Pond Long Pond may refer to: England:
Down-hole pulse EM was also tested on the last two holes, C1-4 and C1-4B (Holes 22 and 23) and has proven to be extremely useful on a localized basis. The survey has indicated the presence of even better conductive conductive having the quality of readily conducting electric current. conductive flooring flooring or floor covering made specially conductive to electrical current, usually by the inclusion of copper wiring that is earthed material in close proximity to the current drilling. A full data compilation and review will take place over the next three weeks in preparation for the 1996 field season. Management is investigating several additional exploration techniques including deep 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. techniques such as U.T.E.M. to look for deeper and larger sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. systems up to 1 km. in depth. The property has clearly proven to management that it has the potential to host a significant nickel, copper deposit and we anxiously anticipate an early winter program in 1996. Consolidated Magna Ventures Ltd. is a growth-oriented mineral exploration company listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (Symbol- CMV.VSE). The Company current Labrador portfolio comprises 1655 claims in 17 properties in the Voisey Bay/Staghorn Lake areas and 1,246 claims in 6 properties in the Goose Bay area. ON BEHALF OF THE BOARD OF DIRECTORS CONSOLIDATED MAGNA VENTURES LTD. Bradley T. Aelicks President/Director -0- NOTE: Drilling map available from the Company at the phone number listed above. THE VANCOUVER STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT. CONTACT: Consolidated Magna Ventures, Ltd. Clayten Vance, 604/685-9700 |
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