Tandem Resources Announces Receipt of Initial Report from Mirah N.E. Joint Venture.TORONTO--(BUSINESS WIRE)--Aug. 15, 1996--Tandem Resources Ltd ("Tandem") has received the initial report from Mirah N.E. Joint Venture Property in the 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. Province of Indonesia after a helicopter site inspection by Mike du Guzman of Bre-X Minerals Ltd. to confirm the results of a two-month reconnaissance program by company geologists. The Mirah N.E. project is operated by Bre-X for Tandem (30%), Bresea Resources Ltd. (25%), Diadem diadem, in ancient times, the fillet of silk, wool, or linen tied about the head of a king, queen, or priest as a distinguishing mark. Later, it was a band of gold, which gave rise to the crown. In heraldry, the diadem is one of the arched bars that support the crown. Resources Ltd. (30%) and Indonesian (15%). The 10,000 hectare Mirah N.E. property is located at the headwaters of Katingan River. It was selected on the basis that the area contained extensive Mid to Upper Tertiary volcanic rock types and andesite/diorite plugs which have made at the intercepts of these lineaments, in particular Mt. Muro, Kelian and Busang. The two-month exploration program was successful in locating an extensive quartz vein stockwork which is currently known to outcrop 150m by 400m and remains open ended. Visual 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. consists of fine grained pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , chalcopyrite and minor chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. . Random grab samples of leached, oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. outcrops returned encouraging results from both copper and gold. Gold assay results ranged from 0.01 to 2.13 gm/t, silver 0.05 to 43 gm/t. Currently, a hand trenching program is being undertaken for systematic mapping and channel sampling to confirm grades, continuity of the zone and its lateral extent. Upper Mahakam A and B These two 10,000 hectare properties, located in the headwaters area of the Mahakam River The Mahakam River flows 980 km from the highlands of Borneo, district Long Apari to its mouth in Makassar Strait. The city of Samarinda, the provincial capital of East Kalimantan, lies along the river 48 km (30 mi) from the river mouth. in East Kalimantan and adjoining the Central Kalimantan Province border, were selected by the Bre-X/Diadem staff to cover major structural and geological features, again similar to the Mt. Munro, Kelian and Busang deposits. Mining of gold in the area streams indicates a nearby gold source. Mike de Guzman of Bre-X, is currently supervising preparations for initiation of exploration activities consisting of prospecting and surface sampling. The program will be helicopter supported due to access factors. Mahakam A and B Joint Venture is operated by Bre-X for Tandem (25%), Bresea Resources Ltd (30%), Diadem (30%) and Indonesian (15%). CONTACT: Tandem Resources Ltd Stanley G. Hawkins, 416/862-7885 ext. 25 Peter Brodie-Brown, 416/862-7885 ext. 41 |
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