Impressive Intersections at Copper Rand for MSV.MONTREAL--(BUSINESS WIRE)--Sept. 3, 1996--MSV RESOURCES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : MSV mSv Millisievert (measure of radiation dose) MSV Medical Society of Virginia MSV Maize Streak Virus MSV Mobile Satellite Ventures LP (Reston, Virginia) MSV Men Stopping Violence ) Latest results of the drilling program under the 4000 level at the Copper Rand Rand See Witwatersrand. rand 1 n. See Table at currency. [Afrikaans, after(Witwaters)rand. mine of MSV Resources confirm the potential of the Copper Rand 5000 project. The latest drill hole (36-R-284) intersected 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. structures of the no. 1 and 3 horizons. The no. 3 horizon was intersected over 41.5 feet (35 feet actual width) with an average grade of 1.65 percent Cu and 0.354 opt Au. The no. 1 horizons was intersected over 62.0 feet (58.0 actual width) with an average grade of 2.92 percent Cu and 0.101 opt Au. These two intersections are at depths of 3960 4700 feet, respectively. Moreover, a second 4-feet wide mineralized structure was intersected close to the no. 1 horizon and returned 2.42 percent Cu and 0.130 opt Au. Mr. Andr Fortier, Chairman and Chief Executive Officer of MSV commented that: "The first intersection in the no. 3 horizon is very important for MSV since it can be readily mined simply by extending the underground ramp by a few hundred meters and the drift at the 3900 level by approximately one hundred meters. The mining of this gold-rich zone should impact favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. on the profitability of the Copper Rand mine." More than 73,000 feet of drilling have been completed on the Copper Rand 5000 zone, including 47,000 feet in 1996. The next phase will include 25,000 feet of detailed drilling on the no. 1 horizon. MSV will extend the exploration drift at the 3600 level by 350 feet in order to facilitate drilling of the no. 2 horizon beyond the 4500 level, of the no. 3 horizon at depth, and of the eastern extension of the no. 1 horizon. This latter promising area is located in the strike extension of the 36-R-284 intersection. The latest compilation of geological data from the Copper Rand 5000 drill program gives an estimate of geological resources of approximately 4 million tons at an average grade of 1.48 percent Cu and 0.127 opt Au for mineralized structures of 12.4 feet average width, representing a significant improvement over parameters used for an economical review conducted in 1995 that gave a 17 percent internal rate of return to the project. MSV Resources is a copper and gold producer operating two mines in the Chibougamau, Quebec Chibougamau is a town in central Quebec, Canada, located on Lake Gilman. , area. CONTACT: MSV Resources Inc. Andre Fortier, 514/875-9037 or MSV Resources Inc. Michel Poirier, orp/ate Development 514/875-9034 |
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