SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : NP Energy (NPEC)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Geoff Coates-Wynn who wrote (21)6/25/1997 2:48:00 PM
From: Geoff Coates-Wynn   of 51
 
Wednesday June 25 12:28 PM EDT

Company Press Release

NP Energy makes announcement

VANCOUVER--(BUSINESS WIRE)--June 25, 1997--NP Energy Corp. announces
reports received from the company's
joint venture partner in Andacollo Gold Projects in Chile.

Frontier International Resources Inc. has agreed to contract the services of A.C.A.
Howe International to develop and
implement a full geological program for the Andacollo gold project. A.C.A. Howe
International is a mining and geological consulting firm with offices in Toronto, London,
Denver, and La Serena, Chile.

In other developments, company geologists have released the results of a bulk
sampling program recently completed on the
Mercedes, Andacollo property. Results are as follows:

-0-

Sample Au/g/t Sample Au/g/t

LM1 + 150/-150 2.15 LM10 + 150/-150 5.61
LM2 + 150/-150 .33 LM11 + 150/-150 1.76
LM3 + 150/-150 .03 LM12 + 150/-150 .29
LM4 + 150/-150 1.32 LM13 + 150/-150 .28
LM5 + 150/-150 3.75 LM14 + 150/-150 .35
LM6 + 150/-150 1.18 LM15 + 150/-150 .69
LM7 + 150/-150 4.50 LM16 + 150/-150 .93
LM8 + 150/-150 1.88 LM17 + 150/-150 1.57
LM9 + 150/-150 1.34 LM18 + 150/-150 .11

These samples were taken to confirm drill results as released by Aurex in their report
dated March 1, 1994. Results of that
drill program are as follows:

``Fifteen holes were drilled on the Mercedes claim. The results of the Mercedes' drill
program are shown on Figure 6 through
15 as drill profiles. The drilling defines rock types that contain gold or are barren. The
geologic resource on this claim
suggests a potential for about 1.2 to 1.5 million tonnes of mineralized material.''
The current sampling program will now concentrate on the La Colorada claims.

On behalf of the board of directors Per: Larry Regis Jr., President
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext