Walker and all, NEWS:
X-MimeOLE: Produced By Microsoft MimeOLE V4.72.3110.3
New Blue Ribbon Resources Ltd.
Suite 2420 - 1177 West Hastings Street
Vancouver, B.C. Canada V6E 2K3
Tel: (604) 687-6820 Fax: (604) 687-6328
Toll Free: 1-800-505-5655
E-Mail Address: element@direct.ca
NEWS RELEASE
“PRIVATE PLACEMENT AND GRANT OF STOCK OPTIONS”
VSE SYMBOL: NBL July 22, 1999
New Blue Ribbon Resources Ltd. (“the Company”) is pleased to announce that
it has agreed to sell on a private placement basis 2,000,000 units at a
price of $0.15 per unit. The units of the placement will consist of one (1)
common flow-through share and one (1) non-transferable share purchase
warrant, each two (2) of such warrants will entitle the holder thereof to
purchase one (1) additional common share of the Company at a price of $0.15
per share over a period of one year. If fully subscribed, the Company will
receive gross proceeds of C.$300,000, before the exercise of any warrants.
If the warrants are subsequently exercised, the Company will receive
additional gross proceeds of $150,000. The net proceeds will be used for
the Company's Pelican Mountain Block in the Calling Lake area and the
Company's Little Legend Property.
Canaccord Capital Corporation is acting as agent in connection with this
transaction and will receive a commission of a 10% non-transferable agents
option at $0.15 per share for a period of twelve months. The private
placement is subject to all requisite regulatory approvals.
The Company also announces that it wishes to reserve up to 611,600 stock
options to be issued to certain of its directors/insiders and/or employees
at $0.15 per share for a two year period, subject to regulatory and board
approval, as required and will seek regulatory approval to reprice 400,000
outstanding director's stock options to an exercise price of $0.15 per share
from the original exercise price of $0.24 per share.
The Company also announces an amendment to its July 8, 1999 press release
wherein it was disclosed that the warrants attaching to the 1,156,933 unit
private placement which recently closed, was over a term of twelve (12)
months at a warrant exercise price of $0.17 per share. The term of the
warrants are over a period of twenty-four (24) months expiring on January 4,
2001 with warrant exercise prices of $0.15 per share in the first year and
a warrant exercise price of $0.17 per share in the second year.
This Press Release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
LARRY KRYSKA, President & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Larry D. Kryska
Telephone: (780) 433-3566 Fax: (780) 439-6316
E-Mail kryska@home.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
P. S. ASIDE on Geology of the Area of Alberta and what I see in Nevada:
Some Text see referance at Bottom:
Notice how these rocks LOOK like it/they COULD of come out of Alberta claim of BIRCH MOUNTAIN and the PGM -Prairie Gold Model:
freeyellow.com
freeyellow.com
>
>Birch Mountain DOLOMITE and LIMESTONES in a diagram a must study- must see!
birchmountain.com
\TEXT BOOK: PMG interest of mine...ISBN 0-04-551053-9
First ed 1982 : PUB : Allen & Unwin, London and Boston and Sydney:
...Indicating that sea water is supersaturated with respect to DOLOMITE and therefore dolomite should be precipitating widely ( Hsu 1966), Furthur, Hsu shows that dolomite is more stable than either calcite or argonite in sea water by considering the following reaction:
Ca2+ Plus CaMg ( C) 3)2 = <> Mg2+ PLUS 2CaCO3
...///...
ONE=Ca2+ PLUS one CO2/3 -
calcite
. In sea-water is the CRUX of what has been called the DOLOMITE PROBLEM ...////....Sponantaneously toward equilibrium, i.e. carbonate Sediments SHOULD be DOLOMITED by contact...with Ordinary SEA WATER.///..//....
reverse reaction
d -and theoretical e crux of what has tr the most up-to~8O). The inability of dolomite TO PRECIPATE FROM SEA WATER MUSR BE THE CAUSE OF SOME CRYSTALLATION DIFFICULTY ie a kinetic factor. In the case of DOLOMITE this is thought to arise from THE EXTREME REGULARITY of the CRYSTAL Laittice (Fig. 29.13). ions, CO~ ions, !a2~ and Mg2 ions
= 1.08 A; Mg ( scan is bad ..partial on the rest) SEE graft on attachment : DELETED HEREIN E mail if wanted-
Chucalo@aol.com
\SEDI.tif
Mg calcite in bicarj Mg3~.- (hI layer-byition from the same
~~c'C(~f ~ ~ ~- ~
_ OL
~uired for the face-by-face growth
29.13b). These are thought to include slow growtn duo dilute ionic solutions (see below).
Attempts to precipitate dolomites under laboratory conditions at Earth surface temperatures lead to the formation of magnesian calcites which lack the ordering of the true dolomite lattice. Under certain conditions, however, a metastable form of dolomite may be produced by primary precipitation or by the alteration of preexisting aragonite or calcite. The protodolomites thus formed are best defined formally as metastable single-phase rhombohedral carbonates which deviate from the composition of the dolomite that is stable in a given environment, or are imperfectly ordered or both. but which possess a high degree of cation order as witnessed by the unambiguous presence of order reflections in Xray diffraction patterns' (Gaines 1977). Protodolomite appears as a precu~sor to dolomite in replacement reactions. Protodolomites are in effect calcian dolomites with an excess of Ca2 in their lattices (Ca~.~5 Mg5~55 (C03)2. High temperatures (~200OC) are needed to precipitate pure dolomite in the laboratory.
Having discussed the various chemical difficulties involved in direct dolomite precipitation horn sea water. let us turn to discuss the three major secondary dolomitisation mechanisms which have been proposed in recent years. These are conveniently referred to as the evaporite brine-residue model. the fresh phreatic/marine groundwater mixing model. and the formation water model.
The evaporite brine-residue model is based upon the observed chemical and mineralogical changes taking place just under the surface of the broad supratidal plains around the Arabian Gulf known as sabkhas (see also Chs 23 & 30). Very widespread dolomitisation has taken place in these sediments. involving the replacement of aragonitic sediment by a very fine-grained protodolomite mudrock (Illing ef ol. 1965. Kinsman 1966). Analysis of the pore waters (Fig. 29.14) at various points over the surface of the sabkha (from the lagoon inland) reveals systematic chemical changes indicative of large-scale removal of Ca2 and SO42~ ions as gypsum. followed by massive dolomitisation of aragonitic sediment grains of the former lagoon sediments. The gypsum is precipitated as nodules within the dolomitised carbonates (Ch. 30). The chemical changes resulting in dolomitisation are caused by progressive concentration of sea water bv e\aporation (6'~O ~3 to 7) from pores at the sabkha surface (Kinsman 1966). Pore-water replenishment
x
~.31
130
-o E
E
1121
E
3 2 4 5 5 IC
Concentration ( x sea water)
Figure 29.14 Relations between molar concentration of ions, the molar ratio Mg2 Ca2- and brine concentration in the Abu Dbabi sabkba (after Kinsman 1966).
occurs by periodic storm flood events. areas furthest from the lagoon being replenished less frequently and hence showing greatest concentrations of Mg2~.
From the above evidence it seems that the kinetic constraints upon dolomite precipitation are overcome in systems that contain a high-order ratio of Mg:Ca, thus facilitating replacement dolomitisation of a CaCO3 precursor. The Mg:Ca ratio reaches a value of over 10 on some portions of the sabkha. Increased Mg:Ca ratios of this magnitude are only possible by massive removal of Ca2 as gypsum and anhydrite evaporites. It is likely that SO~2 removal is essential in anv case since dolomite is rapidlv dissolved in the face of S04-rich ground waters (see below).
Examples of sabkha brine dolomitisation are widespread in the geological record but inevitably after the introduction of the model in the early 1960s it was applied willv-nillv to ancient dolomite occurrences that hardly litted the intimate constraints demanded by the model (see Zenger 1972). A particular ruse was to appeal to the subsurface sinking or reflux of high Mg:Ca ratio brines which could then dolomitise vast areas of the vadose and parts of the phreatic zones. Such models were applied even in the face of the relatively feeble presence of a few evaporitic bands in very thick. regionally extensive dolomites.
The groundwater mixing model for dolomitisation has revolutionised the field. providing a ready and rational explanation for the' numerous examples of ancient
Figii
metti
may
supe
(afte
dole
tion
the
to 1 non
tion
F
bon
of 5 elec
For
calc
(ess
und
satt
in t cau cau
197
forr by
Nol brir redi dilo dolt dolt layt
lar~ fres exa
298 299
lagoon algal flat
4(
Mg2+
MODELS FOR DOLOMITE...DELETED ....
Referance : Leeder- Sedimentology Process & Product:
Page 298-99 Publishred by Allen & Unwin -London, Boston and Sydney
1982 up
ISBN:
0-04-551053-9
The area has very interesting geology! ChuclapinionHUMBLY put forth as part of NEW BLUE Claims area ...I suspect! The ones that Near BMD:ASE
( The heck with the Pennies GO FOR THE DOLLARS HERE! ) In TIME, IMHO.
Chucka
|
