Thanks for the opinion Eric. I`d be interested in why you find it interesting that "it is drilled in pure sediments not volcanics. Late seds at that". What is the significance, I am ignorant in the difference.
News Release related to Wawa play. Anyone aware of the specific location?
Casavant Mining Kimberlite International Commences Negotiations With Dia Bras Exploration, Inc. of Montreal to Acquire a Private Placement and Warrants
Monday December 16, 1:34 am ET
LAS VEGAS--(BUSINESS WIRE)--Dec. 16, 2002--Casavant Mining Kimberlite International (OTCBB:CMKI - News) announced today that negotiations are underway to acquire 60% of the common shares in Dia Bras Exploration, Inc., a Canadian diamond exploration company with projects in Canada and the Republic of Guinea, West Africa.
More about the Dia Bras corporate profile can be found on their web site, www.diabras.com.
CMKI is scheduled to purchase $500,000 of Dia Bras common shares representing 40% in addition to $250,000 of warrants which will purchase an additional 20% of the common voting stock. Chairman Urban Casavant said, "This is another important purchase of stock for equity participation of CMKI shareholders."
These properties are along the Trans Canada Highway. The original 7 small diamonds were extracted from two samples of ultramatic diatreme dykes outcropping from a road cut along the highway. Since then several major and junior companies including Kennecott have acquired properties in the area. Dr. Ed Walker, a consultant to Kennecott and KWG made the following statement: "Diamond quality and size distribution including the recovery of a quarter carat diamond from a mini-bulk sample, indicate that the commercial size and gem quality diamonds are present in these rocks. Excellent infrastructure, size of the deposits and favorable diamond quality and size distributions suggest a strong potential for the presence of economic diamond deposits in the area."
The first bedrock diamonds of the Wawa area were discovered in 1995 by prospectors Marcelle Hauseux and Victor Surmacz.
This Press Release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this Press Release, other that statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Press Release, including, without limitation, in conjunction with those forward-looking statements contained in this Press Release.
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Contact:
Princeton Research, Inc.
Michael King, 702/650-3000
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Source: Casavant Mining Kimberlite International |
