Ourominas Announces New Drill Targets And Most Recent Results.TORONTO--(BUSINESS WIRE)--Oct. 23, 1997--Ourominas Minerals I (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , VSE See DOS/VSE. VSE - Virtual Storage Extended :OMI (1) See Open Market. (2) (Open Microprocessor Initiative, Brussels, Belgium) An organization that functions under the umbrella of the European Commission. It funds projects that research and develop advanced microcontroller technologies. ) Ourominas Minerals Inc.(TSE, VSE:OMI), has commenced drilling in the Arrastro Hills, which is approximately 1 km north west of the Core Area. Based on results from a stream sediment sampling program conducted this past summer as well as shallow Trado drill holes and the interpretation of a recently completed aeromagnetic survey An aeromagnetic survey is a common type of geophysical survey carried out using a magnetometer aboard or towed behind an aircraft. The principal is similar to a magnetic survey carried out with a hand-held magnetometer, but allows much larger areas of the Earth's surface to be , drill targets were identified. Diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral will assist in determining if the contact zone between the volcanics rock horizons and the granites hosts a significant gold resource. Sonic drilling is currently underway in the Gleba gle·ba n. pl. gle·bae The fleshy, spore-bearing inner mass of a puffball. [Latin gl  ba, clod. Drainage
within the Core Area to determine the potential of the estimated 1
million ounce gold resource within the previously mined alluvials. Based
on the results from the drilling in the Core Area and at Arrastro Sul to
date, Ourominas feels confident in giving a 100,000 ounce gold resource
estimate in the primary rock.Ourominas' Aripuana property Joint Venture Partner Ambrex Mining Corporation has announced the signing of an option agreement with Noranda Mining and Exploration Inc. on that 2,000 hectare property. Noranda is entitled to acquire up to 70 percent interest, after spending $28.9 million on property payments and exploration, with Ourominas retaining a 9 percent interest.
The following are the latest drill results from selected
intersections
DRILL INTERVAL INTERSECTION GRADE
HOLE (METRES) (METRES) (g/t)
Capixaba
J81 -62
degrees 32.95-36.65 3.7 115.46
37.50-39.0 1.5 2.56
166.50-167.50 1.0 15.67
Arrastro Sul
J73 -62
degrees 103.0-104.85 1.85 2.63
incl 103.92-104.85 0.93 4.73
J74 -45
degrees 6.0-8.6 2.6 1.37
J75 -62
degrees 142.50-143 0.50 2.72
J78 -45
degrees 12.0-15.0 3.0 1.13
22.0-23.0 1.0 2.76
Ourominas is a minerals exploration company which is focusing its efforts and expertise on advancing Brazilian gold properties. The company has interests in eight projects covering more than 7,500 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mining areas in the world's fifth largest gold producing nation. There is a map available by contacting the company at the number below or by accessing CCN's Internet Website at http://www.cdn-news.com . -0- No Canadian Exchange has approved or disapproved of the adequacy or accuracy of this release. CONTACT: Ourominas Minerals Inc. Kristine Dunstan, 416/594-3293 Web site: www.ourominas.com |
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