News just out. I guessed it was intend for Monday (Canadian holiday)
Mink International Resources Corp
MKM
Shares issued 15197877
1997-05-15 close $1.83
Monday May 19 1997
News Release
Mr O.L. dela Cuesta reports
The following is an update regarding the company's Niaouleni gold project in Mali,
West Africa:
AIRBORNE GEOPHYSICAL SURVEY
Several significant anomalies were identified by the recently concluded airborne
geophysical survey conducted by Aerodat of Toronto over the entire gold concession.
Some of the anomalies overlap the traditional mine workings in the property.
The results of the airborne survey further supports the theory that the many traditional
mine workings at Niaouleni could indeed be the surface extensions of potential deep
seated deposits in the property.
INDUCED POLARIZATION GEOPHYSICAL SURVEY
The initial ground IP survey over the Goingoindougou zone was successfully
completed by Mink International's geophysical team under the supervision of
Geotronics Survey of Vancouver. As earlier disclosed, five important anomalies were
identified by ground geophysics in this particular zone. The company intends to
conduct in-fill IP surveys between the present lines to better define the new
anomalies.
The company's geophysical team has also completed surveying the Kankou Moussa
zone. The survey was conducted along four lines, each measuring two kilometres
long and spaced 200 metres apart. The results of the survey are being interpreted by
Mr David Mark, president of Geotronics. So far, two anomalies (measuring 900
metres and 500 metres wide respectively) were identified in one of the lines.
Interpretation of the results along with the other three are pending.
Currently, Mink's geophysical team (consisting of a geophysicist, a geologist, a
geological technologist and some local hires as support) is currently surveying the
Libre Plateau and South Niaouleni zones a few kilometres northeast of Kankou
Moussa. Upon completion, the team will investigate the anomalies identified by the
airborne survey.
DIAMOND DRILLING
Using the traditional mine workings and the previous trenches as guide, three holes
plus one redrill, have been completed so far in the Kankou Moussa and
Goingoindougou zones during this season. In addition, one of the anomalies identified
by the IP survey was drilled at the Goingoindougou zone. The other IP anomalies
there are currently being drilled on a three shifts per day basis. Split drill core
samples were sent and are now being regularly dispatched to Goldfields Laboratories
in Johannesburg, South Africa for analysis.
TRENCHING AND TEST PITTING
So far, five trenches averaging nine metres in depths have been completed at the
Kankou Moussa zone. Currently, three more trenches are being excavated in this
zone to determine the extensions of the 100 metre wide stockwork and the quartz
veins that were exposed in the previous trenches and test pits.
Panel samples from the Kankou Moussa zone, as well as from the Goingoindougou
zone, were sent and are now being forwarded regularly to RTZ's Anamet Laboratories
in Bristol, England for assaying.
ON SITE ASSAY AND RESEARCH LABORATORY
Construction of the assay laboratory building has been completed and the various
equipment and facilities are now progressively being installed. Upon installation, the
on-site laboratory will allow the company the flexibility to test more material, to
reduce assaying costs and to improve the turn around time to get results. Important
assays will be forwarded to independent laboratories for checking and/or further
analysis.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
