Corporate Vision Inc. Subsidiary Announces Gold Assay Results Exceed Expectations.TULSA, Okla.--(BUSINESS WIRE)--Sept. 22, 1999-- CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute Resources, Inc. a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Corporate Vision, Inc.(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: "CVIA CVIA Computer Virus Industry Association ") announced today CVI Resources Inc. has received a Proven and Potential Reserve Report on the Vision One placer gold claims Located in Southern Utah. The report, prepared by Michael J. Bradshaw, Geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. Engineer and Member of the Society of Mining Engineers at AU Consolidated, Inc., of Wilcox, Arizona, cites the following: Multiple assays of site ore samples taken across and within the ore body have ranged up to 26.7 grams (.85 ounces) of gold per ton. Proven Reserves on the initial 25 Acres evaluated today, total 1,331,000 tons. Using a conservative assay value of .236 oz/ton, this represents 314,116 ounces of recoverable gold. "This equates to $78,529,500 of Proven Reserves with gold valued at $250 per ounce. " After deducting anticipated recovery costs of $100 per ounce (placer gold recovery operations Operations conducted to search for, locate, identify, rescue, and return personnel, sensitive equipment, or items critical to national security. are far less expensive when compared to hard rock mining counterparts) and other mineral interests payable, CVI Resources net share "will return $19,789,524 to CVI Resources." Mr. Bradshaw goes on to say that "Possible Reserves" on the balance of the 640 acres of CVI Resources, Inc. Placer Claims may total as high as 6,534,000 short tons, and if assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. the same assay value as on the first 25 acres, may total $385,506,000 in possible additional recoverable gold reserves. "It is very clear that CVI Resources has located and defined a viable mining project with great potential" is Mr. Bradshaw's concluding comment on this report. CVI Resources President Craig Treiber, further reports that a pilot plant capable of full year operation is presently under construction on site. Gold recovery operations may be able to be commenced as soon as 30 to 45 days, subject to timely equipment delivery and any weather related delays. Please Contact CVI Resources at 918/307-2243 for additional information |
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