Nickel exploration program.GlobeStar Mining Corp. on Sept. 25 announced its fall exploration program in the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. . It will consist of systematically drilling three nickel laterite lateriteSoil 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. properties and Induced Polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is (IP) surveys over 3 massive sulphide targets in the Cerro de Maimon area. The company holds 70 square kilometers of concessions within the Dominican Peridotite peridotite (pĕr'ēdō`tīt): see olivine. peridotite Coarse-grained, heavy, igneous rock that contains at least 10% olivine, other iron- and magnesium-rich minerals (generally pyroxenes), and not more than 10% feldspar. Belt, which contain nickel laterite formations (see National Geology map of the Dominican Republic). GlobeStar's nickel exploration land package is the second largest on the island, and is adjacent to Falconbridge's Falcondo nickel mine which produced 29,477 tons of nickel in ferronickel in 2004. The mine has been in operation since 1971. Details: Bill Fisher, President, GlobeStar Mining Corp. Tel: (416) 868-6678 Email: wfisher@globestarmining.com. Neil Murray-Lyon, Investor Relations Investor relations The process by which the corporation communicates with its investors. , Renmark Financial Communications Inc. Tel: (514) 939-3989 Email: nmurraylyon@renmarkfinancial.com Dale Paruk, Coal Harbor Communications Tel: 604-662-4505 Email: dale@coal-harbor.com. Web: www.Falconbridge.com. And www.globestarmining.com. |
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