Consolidated Viscount Resources -- Progress Report on High Grade Las Coloradas Concession, Durango Mexico.VANCOUVER, British Columbia--(BUSINESS WIRE)--April 10, 1996-- 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-VSE) wishes to announce that considerable progress has been made on the Las Coloradas Concession during the first quarter since acquiring its interest in late December 1995. Viscount owns a 15.92 percent interest with an option to increase its interest to at least 28.67 percent. The Las Coloradas Concession is located in the heart of the Sierra Madre Sierra Madre, city, United States Sierra Madre (sēĕr`ə mä`drā), residential city (1990 pop. 10,762), Los Angeles co., S Calif., at the foot of Mt. Wilson; inc. 1907. There is some light manufacturing. Mining District which is the location of some of Mexico's largest mines. The Las Coloradas Concession covers 12,000 acres and previously hosted at least thirteen old mines on the 5 km long structure. Ore in the upper part of the Santa Anita Santa Anita may refer to:
A new shaft is being sunk in the area of El Hogar/Confital. This part of the Las Coloradas property is known for bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West ore shoots that contain as much as 80 grams of gold per ton and 18 kilograms of silver (2.57 oz/ton Au and 578.0 oz/ton Ag). Ore of this quality, at today's prices, has a gross value of over $4,100 per ton. Production from this area should begin by September of this year. A new adit in the Contrabando/Verdon area is also being driven. Approximately 150 feet has been completed so far. Historical reports indicate rich ore in this portion of the property as well. Production from these new workings is expected to commence during June 1996. Consolidated Viscount is preparing for its 1996 Exploration Joint Venture program in the Voisey's Bay area of Labrador, as well as its 100 percent owned properties at Kingurutik River and Hebron Lake areas. Work and drill permits have been applied for and crews are being selected. Work is also continuing on Viscount's 100 percent owned Sumas Mountain Sumas Mountain is a mountain located in Whatcom County, Washington, 15 miles northeast of Bellingham. It is a foothill of the Cascade Range, and stands 3430 feet tall. It is notable for its high biodiversity and also for its year-round hiking trails. property in Washington State. A mapping and sampling program has concluded. A recent rock slide has exposed bedrock and has extended the prospective mineral area. Approximately 50 samples have been sent for assay. To date, approximately 800,000 tons containing 0.65 percent nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. and up to 1-1/2 oz of scandium scandium (skăn`dēəm), metallic chemical element; symbol Sc; at. no. 21; at. wt. 44.9559; m.p. 1,541°C;; b.p. 2,831°C;; sp. gr. 2.99 at 20°C;; valence +3. Scandium is a soft silver-white metal. has been indicated. Work is continuing and assay results will be announced when available. -0- Note to Editors: 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). has not reviewed and does not accept responsibility for the accuracy of this release. CONTACT: Consolidated Viscount Resources Ltd. Leonard J. Harris, 604/488-0133; 604/669-5715 (fax) |
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