CANABRAVA DIAMOND CORP ("CNB-V") SOUTHERNERA RESOURCES LTD.
("SUF-T;SOARF-L")
PARAMOUNT VENTURES AND FINANCE INC. ("PVF-V;PMVAF-L") SOUTHWESTERN GOLD
CORP
("SWG-T;SWGCF-L") - New Diamond Project in Canada
Canabrava Diamond Corporation announces that it has completed the first
phase of a major new diamond exploration
initiative on the Superior Craton in Canada.
Following a year of data compilation and modelling involving an in-depth
study of potential target areas, an extensive regional
reconnaissance sampling program for diamond indicator minerals has been
completed. The program was designed to test over
800,000 square kilometres of highly prospective craton by careful
consideration of the sampling medium in relation to the
regional surficial geology. This area of the Superior Craton has
recently become a focus for new diamond exploration in
Canada, and one of the target areas studied hosts the Attawapiskat
diamondiferous kimberlites. Several hundred samples have
been collected and laboratory processing will commence before year's
end. Results are expected during the first quarter of
2000, which will permit the initiation of a focused follow-up program
early in the summer field season.
Canabrava Diamond Corporation is actively exploring for diamonds in
Brazil and Canada through major Joint Ventures with
Kennecott Canada Exploration Inc., SouthernEra Resources Ltd. and
Paramount Ventures and Finance Inc. Canabrava is
54.7% owned by Southwestern Gold Corporation (SWG-T). TEL: (604)
669-2525 George H. Plewes, Chairman, FAX:
(604) 688-5175 Canabrava Diamond Corp TEL: (604) 669-2525 Rory O. Moore,
President & CEO, FAX: (604)
688-5175 Canabrava Diamond Corp Website: www.swgold.com
______________________________
(c) Corporate Dissemination Services Inc. All rights reserved.
Te
CANABRAVA DIAMOND CORP ("CNB-V") SOUTHERNERA RESOURCES LTD.
("SUF-T;SOARF-L")
PARAMOUNT VENTURES AND FINANCE INC. ("PVF-V;PMVAF-L") SOUTHWESTERN GOLD
CORP
("SWG-T;SWGCF-L") - New Diamond Project in Canada
Canabrava Diamond Corporation announces that it has completed the first
phase of a major new diamond exploration
initiative on the Superior Craton in Canada.
Following a year of data compilation and modelling involving an in-depth
study of potential target areas, an extensive regional
reconnaissance sampling program for diamond indicator minerals has been
completed. The program was designed to test over
800,000 square kilometres of highly prospective craton by careful
consideration of the sampling medium in relation to the
regional surficial geology. This area of the Superior Craton has
recently become a focus for new diamond exploration in
Canada, and one of the target areas studied hosts the Attawapiskat
diamondiferous kimberlites. Several hundred samples have
been collected and laboratory processing will commence before year's
end. Results are expected during the first quarter of
2000, which will permit the initiation of a focused follow-up program
early in the summer field season.
Canabrava Diamond Corporation is actively exploring for diamonds in
Brazil and Canada through major Joint Ventures with
Kennecott Canada Exploration Inc., SouthernEra Resources Ltd. and
Paramount Ventures and Finance Inc. Canabrava is
54.7% owned by Southwestern Gold Corporation (SWG-T). TEL: (604)
669-2525 George H. Plewes, Chairman, FAX:
(604) 688-5175 Canabrava Diamond Corp TEL: (604) 669-2525 Rory O. Moore,
President & CEO, FAX: (604)
688-5175 Canabrava Diamond Corp Website: www.swgold.com
______________________________
(c) Corporate Dissemination Services Inc. All rights reserved.
Tel:(604) 689-1101
Fax:(604) 689-1106
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