Drilling on Gold and Diamond Projects Started.CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 29, 1996--Golconda (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). GA.) GOLD PROPERTIES -0- Southwestern Nevada - Gold-silver mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. starts at 100+ ft. and has the potential for a large deposit. - Results from first pass drilling on the CNR See riser card. CNR - Communication and Network Riser claims (5 holes), encountered anomalous gold-silver values increasing along a south- easterly trend. - Results from a follow-up drilling program on the Clifford Property are expected shortly. - Golconda has also staked a new property with a large alteration zone and anomalous gold-silver values. All of Golconda's properties in this area are located in front of the mountain ranges and can be drilled throughout the winter. An extensive drill program is planned for all properties, starting with the South Monitor Project. With two newly discovered gold- silver mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. areas in addition to the previously drill inferred 200,000 ounces of gold and 2 million ounces of silver, this is the most advanced of the projects. A deep drill program to test for a very high grade bonanza type gold-silver mineralization in the underlying limestone sequence is the first priority followed by delineation drilling of near surface low grade mineralization in the overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. volcanics. Southern Idaho Southern Idaho is a generic geographical term roughly analogous with the areas of the U.S. state of Idaho located in the Mountain Time Zone. It particularly refers to the combined areas of the Boise metropolitan area, the Magic Valley and Eastern Idaho. On the 21st of October, drilling started on the 50 percent owned VAR Prospect. The program is designed to determine the width of the 3000 ft. long gold mineralized zone. The best hole drilled in this zone assayed 0.050 oz. Au/ton over 135 ft., starting at a depth of 85 ft.. DIAMOND PROSPECT - IDAHO A bulk sampling program started today. Two 15 ton samples will be taken and checked for diamonds. One sample will be taken from one area which is the source of numerous diamond indicator minerals and also the most likely source of authenticated au·then·ti·cate tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar. diamonds found in the creek gravels. The second sample will be taken from a lamproitic pipe 4.5 mile away from the first area. The outcropping lamproitic tuff here is also the source of numerous diamond indicator minerals. A 19 carat CARAT, weights. A carat is a weight equal to three and one-sixth grains, in diamonds, and the like. Jac. L. Dict. See Weight. diamond is reported to have been found at this site in 1947, but the find was never authenticated. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Golconda Resources Ltd. Guenter J. Liedtke, 403/ 232-6828 403/232-8650 (FAX) E-mail: golconda@agt.net |
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