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I know what your saying. Here is that updated press release.
Intl Dunlap announcement/Indonesia update
Reuters Story - June 17, 1997 18:20
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(Full text of press release from Canadian Corporate News)
JUNE 17, 1997
International Dunlap - Aceh and Flores Properties Program
Update
VANCOUVER, BRITISH COLUMBIA--Dr. Peter J. Guest reports:
International Dunlap Minerals Corporation ("Dunlap") is
pleased to announce an update on its highly prospective ACEH
and FLORES ISLAND properties in Indonesia.
The Aceh Property consisting of 144,884 hectares is
located in N.W. Sumatra and is under joint venture with and
operated by a subsidiary of Barrick Gold Corporation
("Barrick"). Dunlap holds a 15 percent carried interest to
production in the Aceh sixth generation Contract of Work
("COW"), with an option to earn an additional 18 percent
interest.
Similarly, the Flores Island Property, which comprises a
sixth generation COW and covers 975,113 hectares, is under
joint venture with Barrick. Barrick is the operator and Dunlap
holds a 10 percent carried interest to production.
THE ACEH PROPERTY
Exploration by our joint venture partners continues to
produce encouraging results. Barrick has decided to defer the
drilling of the Anak Perak, Aloe Rek and Aloe Eumpeuk target
areas to allow it to complete follow-up of all anomalous areas
from the 1996 first pass reconnaissance program. This will
allow Barrick to decide on the areas of higher priority to be
retained after May 1998 as it is an Indonesian Government
requirement to relinquish 25 percent of the COW after the
first year.
Anak Perak
Work to date completed by joint venture partner Barrick
has delineated a zone of quartz veining within hydrothermally
altered andesitic volcanics at least 1800 metres long and
between 20 and 300 metres ("m") wide. This zone is defined by
a soil anomaly ranging from 0.02 grams per tonne ("g/t") to
3.41 g/t gold ("Au"). Thirteen hand dug trenches have been
completed. The
results of trenches 1 to 8 have been reported previously. Trenches 9, 10
and 11 cut epithermal quartz vein stockwork with individual zones up to 9.3
metres wide. Gold grades were below 0.5 g/t. Trenches 12 and 13 gave
encouraging results. All trench results on the Aceh Property have been
calculated using weighted averages and a 0.5g/t gold cut off.
AP 12 6.3m of quartz vein breccia and 1.7m of quartz vein
stockwork with up to 0.51 g/t Au over 1m.
AP 13 9m wide quartz vein breccia open to the west with up
to 7.64 g/t gold over 2m and 0.9 g/t Au over 1m.
Trenching and detailed soil sampling has to date covered half the vein zone
exposed. Further soil sampling and detailed geological mapping is required
in all directions to determine the overall dimensions of the surface
expression of the vein system prior to drilling.
Aloe Rek
Geological mapping, rock and channel sampling has defined a 1.4 km long
zone of massive and sheeted quartz veining (the Victory Vein) ranging from
20 to 60m wide, within hydrothermally altered andesitic volcanics. These
veins exhibit well defined bladed quartz replacing calcite and colloform
quartz-adularia banding. These features typically occur in the boiling
zone of the epithermal system and enhance the gold potential of the
project.
A total of 17 trenches have been dug to date. The highlights of trenches 1
to 12 have been reported previously. Encouraging results in trenches 13 to
17 include:
AR 13 2m at 2.68 g/t Au
AR 16 1m at 1.30 g/t Au
1m at 1.01 g/t Au
1m at 4.06 g/t Au
1m at 1.72 g/t Au
AR 17 8m at 3.61 g/t Au
The vein system is open to the north along strike and both east and west of
the gridded and mapped area. Approximately 60 percent of the known strike
has been explored by trenching and grid based soil sampling. In the
southern 40 percent of the vein system, gridding has been extended 200m
east to cover further areas of hydrothermal quartz vein breccia discovered
parallel to the outcropping vein system, thereby increasing the size
potential of the system.
Aloe Eumpeuk
The Aloe Empeuk target lies approximately one kilometre north of Aloe Rek.
Gridding, soil sampling and trenching has defined a 300m long quartz vein
system varying from 20 to 100m wide. Geological mapping and evaluation of
the results indicate that the vein system extends under swampy ground and
may be off-faulted from the Aloe Rek vein system. A total of 5 trenches
have been hand dug. Two of these produced encouraging results.
AE 1 6m of 4.70 g/t Au
AE 2 10m of 4.72 g/t Au
Trenches 3 to 5 did not reach bed rock.
Regional Targets
At least 14 other regional target areas have been identified and are being
followed-up. These include the Aloe Vera area where skarn mineralisation
has been identified. At the Dolok area 2-3 km south-east of Aloe Rek, an
area of argillic altered andesite with andesite porphyry dykes hosts
epithermal quartz veins. Geological mapping and geochemical sampling is
underway to determine surface dimensions and geochemical signature. To
date vein quartz outcrop assaying up to 1.0 g/t Au has been located, while
float boulders of quartz have returned highest values of 11.8 g/t Au and
10.27 g/t Au. The source of these is still being determined.
THE FLORES PROPERTY
Evaluation of the "First Pass" reconnaissance geochemical sampling program
is continuing. To date anomalous geochemistry from both Barrick's sampling
and previous exploration has been compiled and interpolated and
lithostructural mapping of major structural features from Landsat TM
Imagery has been completed. Target areas have been identified and are
currently being ranked for follow-up based on geochemistry, geology and
their relationship to lithostructural features.
Initial observations indicate a strong north-west to north north-west
control on potentially mineralized structural features. These include over
forty (40) caldera structures at various stages of erosion and around fifty
(50) other geomorphic features which may relate to subvolcanic stocks and
deep seated intrusive bodies. Along with these are large numbers of
fractures. All of these structural elements are being evaluated with
respect to anomalous geochemistry patterns in drainages found associated
with them.
Preliminary conclusions are that potential exists for Lihir - type
epithermal targets related to caldera structures, gold rich porphyry
systems in the deeper eroded areas and a range of epithermal to mesothermal
stockwork and vein related targets. In addition, hot spring submarine
exhalative polymetallic and replacement gold deposits are valid exploration
targets for this property.
Dunlap holds varying interests in approximately 1.3 million hectares
located throughout Indonesia. While Barrick advances work on the Aceh and
Flores properties, Dunlap (as the operator) will be commencing surface
exploration work on the recently acquired KP209 in which it holds a 93
percent interest.
On behalf of the Board,
"Peter J. Guest"
Peter J. Guest, (D.Eng.), President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
International Dunlap Minerals Corporation
Rose Moon
V.P. Administration & Communication & Corporate Secretary
(604) 608-1633
24 hour recorded shareholder update (604) 608-1633 ext. 241
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this news
release.
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