Dayak Goldfields Corporation - Extensive Gold Porphyry Prospect Identified.TORONTO--(BUSINESS WIRE)--Oct. 1, 1996--DAYAK GOLDFIELDS n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. CORP. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :DAYK) Dayak Goldfields Corporation ("DAYAK") is pleased to announce the results of exploration on its Sebuluh Prospect in Central Kalamantan. The Sebuluh Prospect is located within the northern portion of the 132,000 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. Sintang Contract of Work (COW). Dayak holds a 100 percent interest in this COW. In July 1996 Dayak mobilized field teams to the Sintang COW to follow up several high gold geochemical anomalies from regional stream surveys by prior operators. Reconnaissance work was also directed toward identifying the source of the known gold alluvials on the property. These reconnaissance surveys have now identified the Sebuluh Prospect as the source area of the stream anomalies and the gold alluvials. A 100m x 50m geochemical survey at the Sebuluh prospect now shows an area of at least 1km long by 1 km wide with soil samples averaging almost 0.5 gm/t gold. In addition a deep auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. profile to the top of bedrock completed across the soil anomaly returned values exceeding 1.5 gm/t gold in 30 percent of the samples. The Sebuluh Gold Prospect is suggestive of suggestive of Decision making adjective Referring to a pattern by LM or imaging, that the interpreter associates with a particular–usually malignant lesion. See Aunt Millie approach, Defensive medicine. a large gold porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system and is flanked by a zone of high copper values in soils. Dayak has begun construction of a 4 km access road to the Sebuluh Prospect. A drilling program is to be initiated in late October of this year. Dayak is a Toronto based resource company which trades on the Canadian Dealing Network under the symbol DAYK. CONTACT: Dayak Goldfields Corporation Mr. Stephen R. Dattels, 416/947-9216 ext. 224 or Dayak Goldfields Corporation Mr. William B. Burton, 416/947-9216 ext. 225 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion