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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

CVR 9.000

-2.2%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike Campagna who wrote (297)	8/1/1997 11:01:00 PM
From: Tony Vecchiarino	of 409

N E W S R E L E A S E HIGH GRADE MEXICO MINE NEARING PRODUCTION November 7, 1996 Consolidated Viscount Resources Ltd. (CVR-VSE) reports that development work is almost completed and the mill has been primed to begin production of the gold/silver deposit on the Las Coloradas Concession, Durango, Mexico. An earlier scheduled start of production was impossible due to heavy rains. 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 2.96 oz 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 Confital shaft, located near the site of the former El Hogar shaft. The Confital shaft will be excavated to a total depth of 170 metres and is currently down 100 metres. Water and power lines have been extended to the Confital shaft site. Access roads have been built and graveled, along with concrete drainage systems and retaining walls to ensure year round use. Ore has been encountered in the four adits and is being stockpiled at the mill site for easy access. A recent ore shoot encountered in the Santa Anita adit graded 16 gr/t gold and 1,147 gr/t silver over 2.5 metres in the face as well as 2 gr/t gold and 160 gr/t silver in the wall. This ore shoot is 50 feet long on strike and at least 130 feet above the adit floor. Several hundred tons of lower grade ore has been removed from the Contrabando adit and stockpiled. This ore grades 6 gr/t gold and 360 gr/t silver over 1.5-2 metres, even though the actual working face has not yet been reached. The 100 ton per day mill has been upgraded to operate continuously at full capacity. Consolidated Viscount and its associate partner, Guardian Enterprises Ltd., jointly own 31.85% interest in Las Coloradas with an option to increase this to 57.35%. 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.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next