Petro/Dakota Sign Deal to Drill Big Sandy Diamond Claims.LA RONGE, Saskatchewan--(BUSINESS WIRE)--Nov. 28, 1996--The management of Petro Plus Inc. (PPV Positive predictive value (PPV) The probability that a person with a positive test result has, or will get, the disease. Mentioned in: Genetic Testing PPV porcine parvovirus. PPV Positive-pressure ventilation .A-ASE) and Dakota Resources Limited (DAK-ASE) are pleased to announce that they have signed a letter of intent whereby Dakota can earn a 50 percent interest in the Big Sandy There are seven communities in the United States named Big Sandy
The agreement calls for Dakota to fund a $500,000 diamond exploration program over three years, to earn their interest. The first phase is a $100,000 drill program to test a minimum of six priority magnetic anomalies Magnetic Anomaly may refer to:
The Big Sandy claims are located 65 kilometres northeast of the Candle Lake diamondiferous kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. discovery, where Kennecott Canada Inc. has drilled a total of 20 holes into five diamond bearing pipes, of which three form a cluster. Although the two largest 1996 drill programs tested the Candle and Fort-a la Corne clusters, more than a dozen other companies have drilled or expect to drill in a total of nine joint venture programs. -0- Note to Editors: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of the information contained herein. CONTACT: Petro Plus Inc. Randy Studer, 306/425-3350 or Dakota Resources Limited Robert Bateman Robert Bateman may be:
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion