Vista Continental Signs First Stage Drilling Program Contract.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 15, 2002 Vista Continental Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VICC VICC Vanderbilt-Ingram Cancer Center VICC Vehicle Information Center of Canada VICC Virtual Industry Capability Call VICC Voltage-Independent Calcium Channel (physiology) ) is pleased to announce it has signed a drilling contract with Ruen Drilling International, Inc., of Idaho, with offices in Sucursal Del Peru. Ruen Drilling is an international drilling contractor with extensive drilling experience in Peru. Ruen will conduct a comprehensive first stage drilling program that is designed to enhance resource definition within Vista Continental's mining concessions located along the Urubamba River Urubamba River River, central Peru. Part of the Amazon River drainage system, it rises in the Andes Mountains and flows northwest for about 450 mi (725 km) to its junction with the Apurímac River, the two then forming the Ucayali River. in Peru, near the city of Palma Palma or Palma de Mallorca (päl`mä thā mälyôr`kä), city (1990 pop. 325,120), capital of Majorca island and of Baleares prov., Spain, on the Bay of Palma. Real. The first stage of development involves the drilling of approximately 2500-3000 meters of gravel located on the company's concessions. It is estimated that 15-20 holes will be drilled in each of six targets defined by a recent geological reconnaissance. Drilling will be conducted with state-of-the-art technology utilizing a ProSonic PSC-150 sonic drill. These rigs are capable of recovering 100% of unconsolidated materials and can provide an essentially undisturbed "core" valuable for geologic and technical data. Sample handling and interpretation problems are greatly reduced or eliminated with this technology, thus allowing a high degree of confidence with results. A fully equipped sample analysis lab will be constructed on site to facilitate the receipt of results. The ProSonic drill will be taken out of production in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and will be transported to the project site in Peru by late-September. Environmental permitting has been applied for with the Peruvian authorities and approval is expected by the end of August. The estimated cost of the entire program, including mobilization and de-mobilization is $561,000. In conjunction to the drilling program, three other areas of work are planned: -- Aerial photography and detailed contour mapping of the entire 60-65 km length of the 19 contiguous claim block by Eagle Mapping of Vancouver. -- Test mining and processing of 15-20 individual blocks of approximately 1500 cubic meters each. The processing will be done using Vista's on-site recovery plant and will be used to check and confirm the drilling results. -- A detailed metallurgical testing program on samples taken from the six areas to define the optimum method of producing rare earths, zirconium and gold from the deposit. "We are very pleased to be working with Ruen Drilling on this program. Their extensive experience in Peru and their professionalism are qualities we looked for in this program," commented Mr. Bill Brooks The name Bill Brooks can refer to any of the following:
About Vista Continental Vista Continental Corporation is a natural resource company engaged in the acquisition, exploration and development of mineral resource properties. The Company is pursuing the development of its wholly controlled mining concessions along the Urubamba River in Peru. The Company controls mining claims in Peru that contain deposits of rare earths, zirconium zirconium (zərkō`nēəm), metallic chemical element; symbol Zr; at. no. 40; at. wt. 91.22; m.p. about 1,852°C;; b.p. 4,377°C;; sp. gr. 6.5 at 20°C;; valence +2, +3, or +4. and gold. Rare earths and zirconium are essential elements for high technology and genome research Genome Research is the title of a peer-reviewed scientific journal published by Cold Spring Harbor Laboratory Press. The focus of the journal is on genome-wide studies in any organism, including single gene studies that are placed in a genomic context. . A first stage drilling program to identify and quantify the amounts of gold, rare earth minerals and zirconium contained in six target areas is planned for September 2002, and the Company has established a camp on 25 acres, complete with heavy equipment, loaders, wash plant and dredging dredging, process of excavating materials underwater. It is used to deepen waterways, harbors, and docks and for mining alluvial mineral deposits, including tin, gold, and diamonds. facilities for the efforts. For more information visit: http://www.vistacontinental.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , imprecision in estimating product reserves and the company's ability to replace and expand its holdings. (c)2002 Vista Continental Corporation. All rights reserved. |
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