Loubel Exploration Inc. - Kinbauri Gold Corp.ROUYN-NORANDA Rouyn-Noranda (r  `ĭn nərăn`də, Fr. răN`), city (1991 pop. 26,448), extreme SW Que., Canada. , Quebec--(BUSINESS WIRE)--April 15, 1996--Louble
Exploration Inc (ME:LBX LBX - Low Bandwidth X. ) Kinbauri is earning a 65 percent interest in
the Dossi concession in Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and , West Africa West AfricaA region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. from Loubel Exploration inc. and Melkior Resources inc. Kinbauri issued a press release dated April 11, 1996. UPDATE: Gold zones confirmed in laterite laterite Soil layer rich in iron oxide and sometimes aluminum, derived from a wide variety of rocks by leaching. It forms in tropical and subtropical regions where the climate is humid. and at depth in oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. rock. A 33 holes, 2 000 meters reverse circulation drill program was completed, Three holes were drilled over the southern geochemical anomaly Abnormality or deviation. Pronounced "uh-nom-uh-lee," it is a favorite word among computer people when complex systems produce output that is inexplicable. See software conflict and anomaly detection. on grid B (the "Southern Area") and returned the following values : -0- LINE DH DEPTH (M) WIDTH (M) G AU/T ________________________________________________________
54 N 29 2 to 24 22 1.6
including 12 2.7
including 2 14.6
_________________________________________________________
54 N 28 0 to 10 10 0.4
including 2 0.7
_________________________________________________________
54 N 27 0 to 6 6 0.7
including 2 1.6
_________________________________________________________
Four holes drill in weathered bedrock over a geochemical soil anomaly returned the following values :
LINE DH DEPTH (M) WIDTH (M) G AU /T
____________________________________________________________
72 N 33 8 to 24 16 1.03
including 6 2.4
40 to 52 12 0.6
including 2 2.18
56 to 62 6 2.61
including 2 5.68
____________________________________________________________
72 N 32 0 to 4 4 0.57
including 2 1.03
8 to 10 4 0.44
26 to 40 14 0.23
54 to 60 6 0.58
including 2 1.53
____________________________________________________________
72 N 31 0 to 2 2 0.28
14 to 18 4 1.02
20 to 22 2 0.36
26 to 28 2 0.36
____________________________________________________________
Drilling program is still underway on the Chassignole property, 4 holes have been drilled until now and assays results are pending. Loubel also filled a private placement by offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. subject to regulatory approval for $450,000 and the use of proceeds will finance the exploration works on the Queylus property in the Chibougamau mining camp. CONTACT: Loubel Exploration Inc. Gilles
The Gilles are the oldest and principal participants in the Carnival of Binche. Fiset, 819-797-8668/819-797-6050 |
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