Printer Friendly
The Free Library
4,547,258 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Delgratia confirms accuracy of assay results released April 10.


VANCOUVER Vancouver, city, Canada
Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border.
, British Columbia--(BUSINESS WIRE)--April 11, 1997-- Delgratia Mining Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 DELGF) Dr. Charles A. Ager, chairman and president of Delgratia, confirms the company's view that the assay results on Holes 5 and 4 of the Nevada Project reported in the company's second news release on April 10 were performed in a thoroughly professional and competent manner and are accurate.

Delgratia wishes to report the statement of the independent engineers, Brian Mountford and Dr. Morris Beattie, following their review of the Bloomberg Bloomberg

A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports.
 release of April 11th as follows:

"We have read the Bloomberg article dated April 11th, 1997 regarding the Josh JOSH Joshua
JOSH Job Scheduling Hierarchically
 Project under development by Delgratia. We would like to note that the article contains a number of severe distortions and misquotes of the conversations which took place.

"With respect to the Delgratia news release of April 10th, 1997, we stand by our statement relative to the work being conducted on the project. The sample handling procedures which we observed at each step between drilling and analysis meet or exceed industry standards.

"We requested that samples be sent to independent laboratories and also selected samples at the assay lab which we had analyzed an·a·lyze  
tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es
1. To examine methodically by separating into parts and studying their interrelations.

2. Chemistry To make a chemical analysis of.

3.
 by a laboratory of our choice. Both these analyses confirmed the presence of gold in the samples. We have not to date analyzed samples which we obtained independently from the site.

"As part of our ongoing audit, we have been given full authority by Delgratia to conduct the necessary independent sampling and analysis to verify (1) To prove the correctness of data.

(2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate.
 the concentration of gold in the rocks underlying the Josh project. This work will be conducted in a forensic Belonging to courts of justice.


forensic 1) adj. from Latin forensis for "belonging to the forum," ancient Rome's site for public debate, and currently meaning pertaining to the courts.
 manner over the next few weeks.

"It should be noted that at this stage the project has no proven reserves and should only be considered as a very interesting exploration project."

Delgratia confirms that it had no knowledge of Robert H. Gunnison's legal history in 1978 until asked last evening for a comment by the Bloomberg reporter. That history does not change Delgratia's view of the professional procedures and methods used by Energy International lab in Phoenix to date.

Delgratia's own review, based on the observations by its independent consulting engineers and by Delgratia's own Chief Assayer of that work and internal checks performed on Delgratia's behalf, including the assaying of test samples taken directly from the project site to the Jacobs Lab in Tucson, Ariz., supports the assay findings released on the Nevada Project to date.

As indicated in yesterday's news release, Delgratia has already retained and authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 the independent engineers, Brian Mountford and Dr. Morris Beattie, to conduct a thorough review of the Company's drilling procedures, sample collecting and assaying procedures and results to make recommendations based on such review. The results of this independent audit are expected to be available in a few weeks.

Delgratia believes that it has conducted all operations to date in a thoroughly professional manner consistent with the highest industry standards and that it has made all necessary disclosures in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[]

As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh.
 with applicable laws.

"Delgratia is greatly encouraged by the results to date and looks forward to the continuation of the exploration effort as hithertofor envisioned," says Ager.

CONTACT: Delgratia Mining Corp., Vancouver

Investor Relations Investor relations

The process by which the corporation communicates with its investors.
, 604/685-7933

Media Relations, Paula Toti, 614/771-6853
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 11, 1997
Words:538
Previous Article:PRx's Webstock'96 Press Kit judged nation's best at Mar.com Awards.
Next Article:EveryWare Development Canada Corp. Announces Year End Results; Company posts 187% increase in revenue over 1995 results.
Topics:



Related Articles
Argentina Gold Corp. - Drilling at Rio Frio and La Poposa Projects.
Northern Crown drilling confirms continuity of gold/silver mineralization.
Delgratia Mining - Coco Mina Program Underway/First Nevada Drill Results.
Delgratia Mining -- No Significant Changes in Company Affairs Drilling Continues on Nevada Project/Work Underway at Coco Mina.
Delgratia Mining Independent Labs Confirm Assays - Independent Engineers Monitor Program.
Delgratia reports results of drill hole 6 at Nevada Project.
RJK Reports Drilling Results at its Novo Mundo Property, Brazil.
Class action suit filed against Delgratia Mining Corporation and its officers and directors alleging misrepresentations and false financial...
RE: Delgratia Mining Corp.: Mining Exploration Update.
Specific, sensitive, and quantitative enzyme-linked immunosorbent assay for human immunoglobulin G antibodies to anthrax toxin protective antigen....

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles