Hi Gin and all,
A cheering oldie but Goldie
Here's to Deja Vu:
GRASS VALLEY, Calif.--(BUSINESS WIRE)--June 2, 1997--Brush Creek Mining
a (NASDAQ:BCMD) Brush Creek Mining and Development Co., Inc. is
pleased to announce that a geological reconnaissance program undertaken
in the LaPorte Mining District of Sierra County, California, has
resulted in the discovery and identification of Diamond Indicator
Minerals. The Company believes that it has identified the ''crator
tuff'' facies of a diatreme event of potential kimberlite affinity that has tapped the diamond stability field and represents a potential source rock for diamonds historically reported in this area of Sierra County.
Brush Creek has recently completed the staking and recordation of 199
Federal Lode claims, containing approximately 4,112 acres and has
acquired an exploration/purchase option for four Federal Placer claims
along the mineralized trend discovered by the geological program. Field geological work, including additional sampling, is continuing on the Claims.
Diamond Indicator Minerals are minerals of distinctive chemistry, often
chromium enriched, that are known to occur in diamond-bearing host
rocks, (examples are: pyrope and eclogitic garnets, chromite, ilmenite, chrome diopside, olivine, and sometimes corundum). Diamond Indicator Minerals that formed in the diamond stability field crystallized under the same pressure and temperature conditions that are conducive to the formation of diamonds. The following Diamond Indicator Minerals have been identified in the Brush Creek LaPorte Mining District property samples: pyrope garnets, eclogitic garnets, chromite and chrome diopside. Interested parties are encouraged to contact the Company for a summary and interpretation of the significance of the Diamond Indicator Minerals identified by
Lakefield Research Limited. Lakefield is an industrial laboratory
serving the international minerals industry. Geographe International,
the Company's investment banker, has started making contacts with
potential joint venture partners.
In other news, while the Company continues discussions with several
parties about separate joint ventures on its lode gold properties and
the Gardners Point-Pioneer placer gold deposit, it is continuing to
prepare the Lower Brush Creek Mine for production. The initial gold ore will be extracted from mineralized zones above the Cassidy Level. The target production start date at the Lower Brush Creek Mine is
approximately July 1, 1997.
Better last than never??
Just a reminder, there are still some sleeves with some aces tucked away out there, maybe, ......???
Roebear |
