DIADEM RESOURCES INC. ACQUIRES TWO QUEBEC-LABRADOR PROJECTS WITH COPPER-NICKEL TARGETS.TORONTO--(BUSINESS WIRE)--JULY 24, 1995--DIADEM RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(ME: DIR ) DIADEM diadem, in ancient times, the fillet of silk, wool, or linen tied about the head of a king, queen, or priest as a distinguishing mark. Later, it was a band of gold, which gave rise to the crown. In heraldry, the diadem is one of the arched bars that support the crown. RESOURCES LTD. has acquired two properties in Quebec on the Labrador and Newfoundland boundary, and exploration is expected to start in one week, reports A.C.A. Howe, President. One permit, covering 50 square kilometres, is already known from previous work by Quebec Ministry of Energy and Resources to take in three copper-nickel finds and a copper-zinc discovery. This property is 50 kilometres south of Wabush and 40 kilometres east of the Quebec Cartier railroad. The second property covers 115 square kilometres and is 140 miles west of Voisey Bay. Aerial surveys aerial surveys an epidemiological technique for surveying animal populations and their habitat, especially the latter, over a very wide area. Requires special techniques adapted to sensing of electronically marked animals from a distance, and infrared scanning of vegetation. combined with geology by the Geological Survey of Canada indicate long sheets of peridotite peridotite (pĕr'ēdō`tīt): see olivine. peridotite Coarse-grained, heavy, igneous rock that contains at least 10% olivine, other iron- and magnesium-rich minerals (generally pyroxenes), and not more than 10% feldspar. cutting gneisses. The survey reported massive sulphide boulders derived from peridotite. These projects were obtained as a result of participation in grubstake grub·stake n. Supplies or funds advanced to a mining prospector or a person starting a business in return for a promised share of the profits. tr.v. syndicates which have staked over 400,000 hectares in Quebec and Labrador since April. Diadem retains its interest in the syndicates which still own the majority of the permits. A first stage exploration program of mapping, prospecting and sampling is being arranged and depending on results, some drilling could be carried out before the exploration season ends late in September. "The northern section of Quebec is becoming the focus of increasing exploration activity by major companies because of its already known excellent potential for base metals," Mr. Howe notes. These acquisitions are subject to the approval of the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg . CONTACT: Diadem Resources A. C. A. Howe, 416/282-3569 or 416/286-0795 (Fax) |
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