Joint Release -- Tandem Resources Ltd. reports drilling has commenced on its Labrador Trough nickel-copper prospect. Ayrex Resources Ltd. reports participating in a Wildcat Well in Israel.TORONTO--(BUSINESS WIRE)--June 12, 1996--Tandem Resources Ltd. ("Tandem"), reports that drilling is slated to start in about two weeks on its Labrador Trough Trough The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. nickel- copper prospect, approximately 60 miles northeast of Schefferville, Quebec Schefferville is a town in the Canadian province of Quebec. Schefferville is in the heart of the Innu territory in northern Quebec, less than 2 km from the border with Labrador on the north shore of Knob Lake. . The program will investigate a new strong conductor zone, approximately 3,200 feet long and up to 800 feet wide. The conductor is so strong that some of the individual instrument readings were off scale. The anomaly is associated with a gossan gos·san n. An exposed, oxidized portion of a mineral vein, especially a rust-colored outcrop of iron ore. [Cornish gossen, from g or rust zone which occurs adjacent to the anomaly and contains nickel-copper values. Combined values are as high as 0.13%. In Indonesia, a sampling crew is at work on the Mount Mirah concession in Central Kalimantan Central Kalimantan (Indonesian: Kalimantan Tengah often abbreviated to Kalteng) is a province of Indonesia, one of four in Kalimantan - the Indonesian part of the island of Borneo. Its provincial capital is Palangkaraya. The province has a population of 1. . On the other two concessions on the Makaham River in East Kalimantan East Kalimantan (Indonesian: Kalimantan Timur abbrv. Kaltim) is Indonesian province on the east of Borneo island. The resource-rich province has two major cities, Samarinda (the capital and a center for timber product) and Balikpapan (a petroleum center with oil , advance crews are cutting helicopter pads for servicing the sampling and geological crews. The Makaham River concessions will be serviced directly from the Bre-X camp at Busang. Ayrex Resources Ltd. (~Ayrex~) reports that it is particpating in a wildcat well Noun 1. wildcat well - an exploratory oil well drilled in land not known to be an oil field wildcat oil well, oiler - a well that yields or has yielded oil in Israel, on a 75,000 acre oil concession south of Haifa (Tandem holds close to 50% of the outstanding Ayrex shares]. The target here is at about 6,000 feet in a carbonate zone, believed to contain oil. A well, drilled to 20,000 feet by previous operators, showed oil in the carbonates at about 6,000 feet but it was never tested. The new well, Atlit #2, has already been spudded and further news is expected in about two weeks. Ayrex has a 10% interest in the project which is being operated by Camberly Energy Ltd. of Calgary with an 80% interest. Big Horn Big Horn is a tall peak in the Cascade Range in Washington, USA. At 2438+ meters (8,000 feet) in elevation, it is the highest point in Lewis County, Washington.[1] Big Horn, one of the Goat Rocks, is the second highest point on the ridge west of Mt. Resources of Vancouver holds the remaining 10%. More complete details on all ongoing programs will be available at the Annual General Meetings of Ayrex and Tandem, scheduled for June 27th, 1996 at the Ontario Club in Toronto, Ontario at 4:10 p.m. and 4:30 p.m. CONTACT: ON BEHALF OF THE BOARD OF DIRECTORS Michel J. Lafrance, Secretary For more information contact Stanley G. HawkinsStock Symbols: TDM-ME Tel: 416/862-7885 FAX: 416/861-0749 |
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