GEE-TEN VENTURES INC.: Kuvo Concession-Angola.VANCOUVER, British Columbia -- Gee-Ten Ventures Inc.(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GTV GTV gross tumor volume GTV Gala Television (Taiwan) GTV Ground Test Vehicle GTV Gran Turismo Veloce (automobile specification) GTV Gas Turbine Vessel (Maritime) )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GEEVF) Following the previous press release of January 17, 2005, we are pleased to announce that a contract of prospection, research and recognition of diamonds between Endiama, the Angola's national diamond company, and companies from which interests were acquired by Gee-Ten Ventures Inc., has been approved by the Ministry of Geology and Mines. According to a recent edition of the state gazette www.allafrica.com, the decision was based on the orientation of the Angolan government which enables the participation of national and foreign investors in the development of the diamond extraction industry, "in ambit" of the new policy of attribution of mining rights of prospection and exploration. The Kuvo Concession comprises an area of 3,000 km2 and is located 600 km to the south-south-east of the Angolan capital city of Luanda. The concession is the object of two exclusive licences, one for exploration of alluvial diamond and the other for kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. diamond. According to Bill Jarvis, consulting geologist to Gee-Ten, the Kuvo Concession is located on the Angolan craton craton (krā`tŏn): see continent. , at the south-west end of the Lucapa Graben, the main structural feature associated with the emplacement of kimberlite in Angola. Thirteen kimberlites are reported on this concession and it is predicted that more remain to be found. The known kimberlites in this region and the potential for new discovery are rated very high. Management is negotiating an equity financing to fund this diamond exploration opportunity. The transaction for the acquisition of interests in the Kuvo Concession by the Company is subject to TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approval. For information on Angola, see www.afrolnews.com. The Company currently has 16, 259,745 common shares issued and outstanding on a fully diluted basis. SEC Filing # 0-29964 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. GEE-TEN VENTURES INC. (TSX VENTURE:GTV) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :GEEVF) |
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