marcos:
Cadre continues to put the pieces in place...
After many years of waiting, this is getting very interesting.
Best regards,
Howy
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Cadre Resources Ltd.
P.O. Box 2297
Vancouver, B.C. CANADA V6B 3W5
Phone: (250) 447-6641
TSX Venture Exchange-CSL 12g-2(b):82-2911
NEWS RELEASE
July 7, 2005
R. Page Chilcott, President of Cadre Resources Ltd. (the “Company”), announces that the sub-bottom profile portion of the Caroni River geophysical survey on Macagau (reservoir) Lake between Caruachi and Macagua Dams commenced June 22, 2005 and is about two-thirds complete to date. This survey, as part of the Feasibility Study, is to consist of three longitudinal center lines over the 24 Km length of the Lake and approximately 350 Km of cross-sectional lines to precisely define location, via GPS and volume of aggregate deposits in preparation for the bulk sampling stage. Bulk sampling and testing will be done on potentially productive zones.
Mapping of sediment/aggregate volume profiles, plus variations of the River levels and depths, are being recorded and mapped. As expected, preliminary data interpretations have indicated and located three zone classes: some areas consisting of ‘sterile’ zones with bedrock outcroppings and no free sediments, marginal zones with scarce deposits, plus a third zone whereby data has confirmed and located areas containing 5 to 15 meters of sediments over extensive areas of the Lake. Water depths vary from 5 meters to 50 meters with an average depth of 20 to 30 meters.
Detailed data analysis includes what is described as good lithological definition between the free sediments and bedrock. This definition will enable eventual calculation of material volumes. Subsequent sampling will allow a calculation of resource content and characteristics for an eventual potential economic resource calculation.
A framework for an Environmental Impact Assessment is being developed concurrently, as part of the overall project plan, ensuring the project complies with acceptable socio-economic standards required as it progresses through various permitting stages.
CADRE RESOURCES LTD.
Per:
“R. Page Chilcott”, President |
