INTERNATIONAL PANORAMA ACQUIRES MYANMAR GOLD PROPERTY.VANCOUVER, BC--(BUSINESS WIRE)--Aug. 25, 1995--INTERNATIONAL PANORAMA (VSE See DOS/VSE. VSE - Virtual Storage Extended : ILP ILP Inductive Logic Programming ILP Instruction-Level Parallelism ILP Individual Learning Plan ILP Independent Labour Party ILP Independent Living Program ILP Institut Latihan Perindustrian (Malaysia) NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). BULLETIN BOARD: IPNRF) International Panorama Gold Corp. announces that it has signed an agreement with the Myanmar Ministry of Mines for the exploration and development rights to Block No. 9, a 1,400 sq. Km gold exploration property in the Pyinmana region of Upper Myanmar (formerly Burma). Block 9 is situated on the Shan Scarp Fault structure, considered to be the most important structure related to 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. in Myanmar. The property contains gold that is being mined on a limited scale by Mining Enterprise no. 2, a division of the Myanmar Ministry of Mines. The accord provides International Panorama with an operational base for additional acquisitions in this mineral-rich nation. The agreement incorporates the principal terms of a future 50/50 joint venture between International Panorama and the Ministry of Mines should the feasibility analysis lead to a production recommendation. At a formal signing ceremony held in Yangon, the Minister of Mines, Kyaw Min, stated that the agreement with International Panorama was consistent with the objective of the Government of Myanmar to accelerate the development of the country on the basis of a market-oriented economic system. Considered to be the last frontier for development in Southeast Asia, Myanmar has only recently invited foreign capital and technical expertise to assist in its economic advancement. Increasing investment in Myanmar by mainly Singaporean, Thai, British, French and Japanese companies has stimulated oil and gas exploration, hotels and tourism, fisheries, logging and mining projects. Foreign governments and international agencies are moving to establish normal relations. Myanmar recently took the first step to gaining membership in ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in , the Association of Southeast Asian Nations Association of Southeast Asian Nations (ASEAN), organization established by the Bangkok Declaration (1967), linking the nations of Indonesia, Malaysia, Philippines, Singapore, and Thailand. . International Panorama continues to pursue advanced mining opportunities in Southeast Asia and Africa. INTERNATIONAL PANORAMA RESOURCE CORP. Kenneth MacLeod President 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). neither approves nor disapproves the information contained herein. CONTACT: CORPORATION X INC. Corporate Communications: 604/682-1991, 800/270-3024 REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion