El Mojon Gold Trend Extends into Delgratia's La Batea Concession.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 27, 1996--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) Delgratia Mining Corporation has received initial results of the extensive sampling program underway at the La Batea and Siquia concessions adjacent to the La Libertad La Libertad can refer to:
n. Any of various altered basic igneous rocks colored green by chlorite, hornblende, or epidote. greenstone Noun NZ a type of green jade used for Maori carvings and ornaments Resources in Central Nicaragua. The majority of the 500 rock and soil samples returned anomalous gold and copper values. Samples assayed up to 18 g/t gold (0.52 oz/t), 132 g/t silver (3.8 oz/t) and 0.3 percent copper. This program has so far identified three extensive gold and copper zones which have been delineated on strike with the major El Mojon trend. One of these gold zones extends for at least 5 kilometres (3 miles). To date, sampling has been limited to some 10 percent of the surface area of La Batea and Siquia. The anomalous to high gold values consistently observed in both concessions indicate that the gold belt striking Northeast extends at least 50 kilometers to the Northeast of the La Libertad Mine. In addition, gold 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. has been found at La Batea in a much wider stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat spectrum than the Lower Coyol formation previously considered to be the only favorable gold hosting horizon. Currently five Delgratia exploration crews are sampling eastward on a grid toward the 49,000 hectare Kisilala concession where a 15 km by 5 km gold zone has been identified. A further 800 samples are expected shortly. Once assaying has been completed, a trenching program will be initiated to determine drilling targets. The 162,000 hectare (400,000 acres) La Batea concession is immediately adjacent to the East of Greenstone's La Libertad Mine. The 265,000 hectare (650,000 acres) Siquia concession is adjacent to the North of La Batea. Delgratia employs over 150 exploration and support people in Nicaragua. Delgratia's request to delist its shares from the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). was approved August 23. The company's shares will continue to trade on NASDAQ under the symbol DELGF. CONTACT: Delgratia Mining Corporation Eric X. Lavarack, 604/685-7933 604/685-8109 (Fax) INTERNET: http://www.info-mine.com/delgratia/ E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : nici@delgratia.com |
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