Southview Capital Corp. - Results: Kota Kotingan (Property #2).VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Jan. 30, 1997-- (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). SWC SWC Status of Women Canada (Federal Government) SWC Simon Wiesenthal Center SWC Strangers with Candy (TV series/movie) SWC Star Wars Combine (Star Wars forum) .) Southview Capital Corp. (the "Company") wishes to announce that assay results have been returned from preliminary work on the Kotingan (Property number 2), situated 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. , Indonesia. This property is a joint venture as to 33 percent for the Company, 33 percent for Celtic Minerals Ltd. and 33 percent for Olympic Resources Ltd. who is also the operator. A total of 167 stream sediment samples, 36 rock samples, 5 soil samples and 8 panned concentrate samples were submitted for analysis. Assay results from all, except the panned concentrates (heavy mineral concentrates), have been returned. The assay results include rock assays up to 47.9 grams of gold per tonne (1.5 ounces Au/T), stream sediment samples assaying up to 4.35 grams of gold per tonne and soil samples up to 0.537 grams of gold per tonne. They reveal the presence of at least three significant anomalous gold mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. areas in the northwest, southeast and south-central parts of the property. The property geology has been mapped as consisting primarily of granodiorite granodiorite Medium- to coarse-grained rock that is one of the most abundant intrusive rocks. It contains quartz and is distinguished from granite by having more plagioclase feldspar than orthoclase feldspar; its other mineral constituents include hornblende, biotite, and batholiths, andesite andesite Any member of a large family of rocks that occur in most of the world's volcanic areas, mainly as surface deposits and to a lesser extent as dikes and small plugs. flows and basaltic ba·salt n. 1. A hard, dense, dark volcanic rock composed chiefly of plagioclase, pyroxene, and olivine, and often having a glassy appearance. 2. A kind of hard unglazed pottery. dykes. The distribution pattern of the anomalous rock, soil, and stream sediments samples is northwest-southeast. This is parallel to the strongest of the two prominent regional structural trends: NE-SWand NW-SE. The gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. occurs within pyritiferous quartz veins and veinlets, frequently with traces of chalcopyrite. Minor argillic alteration has been observed. Gold viewed in the stream sediment and panned concentrate samples is commonly 0.4 to 1mm flakes and needles. The southeast anomaly has been defined by the results of two of only four samples taken in the locality. A 15 centimetre rockfloat sample of impure im·pure adj. im·pur·er, im·pur·est 1. Not pure or clean; contaminated. 2. Not purified by religious rite; unclean. 3. Immoral or sinful: impure thoughts. , pyritiferous quartz taken from an active illegal mine site near the summit of a hill returned 47.9 grams of gold per tonne. One stream sediment sample taken approximately 500 meters away, on the south flank of the hill, has returned a gold assay of 4.24 grams per tonne. The northeast anomalous area is at least 5 kilometres long, approximately 1 kilometer wide and includes several stream sediment samples ranging from 0.146 to 0.550 grams of gold per tonne. Two quartz vein specimens obtained from outcrop have returned values of 1.03 and 0.537 grams of gold per tonne. The southeast anomalous zone is a one kilometre diameter area from which stream sediment samples have given gold values of 4.35, 1.00 and 0.62 grams per tonne. The first phase work entailed quick prospecting of a large area. A second phase work programme is being devised to follow up on the excellent results obtained and will commence shortly. NOTE: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Southview Capital Corp. Michael Wilson, 604/689-0117 |
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