Tandem Resources Ltd. reports that 4 holes have been completed on its nickel-copper prospect northeast of Schefferville, Quebec in the Labrador Trough.TORONTO--(BUSINESS WIRE)--July 15, 1996-- Tandem (Tandem Computers Inc., Cupertino, CA) A former major manufacturer of fault-tolerant computers founded in 1974 by James Treybig and provider of the early 21st century technology for HP's enterprise computing strategy. Resources Ltd. ("Tandem") reports that 4 holes have been completed on its nickel-copper prospect northeast of Schefferville, Quebec Schefferville is a town in the Canadian province of Quebec. Schefferville is in the heart of the Innu territory in northern Quebec, less than 2 km from the border with Labrador on the north shore of Knob Lake. in the Labrador Trough Trough The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. . All holes were drilled to a depth of 500 feet at an angle of 45 degrees and have encountered heavy to massive sulphides in numerous sections up to 100 feet in width. Some chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. has been observed in most sections. The initial hole has been sampled and sent for assays and results are expected within 10 days. Drilling is continuing. Bre-X Minerals, the operator of 3 joint venture projects in Kalimantan, Indonesia in which Tandem is a partner, is expected to issue a news release within a week regarding the current status of these joint ventures. Dated: July 15, 1996 ON BEHALF OF THE BOARD OF DIRECTORS Michel Lafrance, Secretary Stock Symbol: TDM-ME CONTACT: Stanley G. Hawkins Tel: 416/862-7885, 416/861-0749 |
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