CVR: V Consolidated Viscount Resources - Ringer??? Message Board

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Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer???

CVR 9.000

-2.2%

Nov 7 9:30 AM EST

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To: Mike Campagna who wrote (286)	7/30/1997 11:13:00 AM
From: Lloyd Ashbee	of 409

HERE IS THE RELEASE!!! EXCEPTIONAL ASSAYS!!! Subject: CVR News Release CONSOLIDATED VISCOUNT RESOURCES LTD. 830-355 Burrard Street Vancouver, BC V6C 2G8 Tel: 604-488-0133 Fax: 604-669-5715 July 30, 1997 N E W S R E L E A S E Assays Confirm Discovery of High Grade Ore Shoot Consolidated Viscount Resources Ltd. (CVR-VSE) is pleased to announce that assays from underground workings in the Piedro Bola adit of the Las Coloradas concession in Durango, Mexico are exceptional. The Las Coloradas concession consists of 12,000 acres hosting a 5 km long shear zone, approximately 2.5 metres wide with an indicated depth of at least 700 metres. High grade vertical ore shoots occur along the shear. Thirteen mines were operating in the period from 1938 to 1940 along the 5 km structure until a major accident on the "El Hogar" mine virtually terminated all activity. "El Hogar" records show production grades as high as 94 grams of gold and 18 kg silver per ton. Five old mines have been reopened and adits driven to reach ore shoots. These include the Santa Anita, Contrabando, Piedra Bola and Escandalo adits and the Escandalo shaft, located near the site of the former El Hogar shaft. The Escandalo shaft has been sunk to a depth of 120 metres. At Piedro Bola a high grade ore shoot was discovered in the main adit. A crosscut decline winze intercepted the ore shoot approximately 40 metres below the main adit level. A rise was completed along the ore shoot and samples confirm continuity of ore throughout the shoot. The ore shoot is open at both ends. Several hundred tons of ore were extracted and mining of ore along strike is continuing. The strike length remains undetermined. Assay results from the newly identified ore shoot include: 65.7 gpt gold and 5,418 gpt silver across 90 cm 64.9 gpt gold and 4,657 gpt silver across 35 cm 191.5 gpt gold and 14,859 gpt silver across 15 cm Weighted average results for nine (9) samples taken from the structure are: 44.4 gpt gold and 3,570 gpt silver across an average sample width of 36 cm The width of the structure exposed within the new workings varies between 90 and 160 cm (1.6 metres). The nine (9) samples were check-assayed by American Assay Laboratories in Sparks, Nevada. Gold was analyzed using fire assay and silver values were determined by gravity separation. Additional check-assays will be performed on a regular basis as mining of ore continues. "Signed" Leonard J. Harris President Trading Symbol: CVR-VSE The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this release.

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