ABRG
Stock looks like it will run.
Company Press Release
Ambra Resources Announces Potential Platinum and Palladium on
New Claims
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 15, 1998--Publicly traded Ambra Resources GroupInc. (OTC BB:ABRG - news) announced that the company strongly believes that its Marathon Gold Claims and the
surrounding area have the potential of a major gold discovery.
In 1997 this was the reason that Ambra strategically staked 35 new claims consisting of 2100 acres, in addition to its
Marathon Claims.
The new claims are the Babylon I and II, and the Star Trek I and II. They are located in an area which was the site of
a platinum and palladium discovery in 1986 by VanWin Resources Corp. Assays returned in the range of 1.0 to 2.0
oz. of palladium per ton. Present palladium prices have been steadily increasing with current market prices at about
US$275.00 per ton.
These new claims will be coordinated with the 1998 Summer Work Program for Ambra's Marathon Claims. The
company's lead prospector and his team will be digging, trenching, and collecting chips and surface samples for
assaying. The intention is to collect preliminary samples for a more detailed drilling program.
With the addition of the new claims, Ambra's holdings total over 12,000 acres in the Cowichan Valley of Vancouver
Island. This gives Ambra a significant presence in the area. It also provides the freedom and protection from
competition to pursue the rich Paula Vein and to begin preliminary work on its new stakes during the 1998 Summer
Drilling Program.
Ambra Resources Group is a natural resource exploration and development company strategically positioning itself
with a strong portfolio in minerals, oil and gas interests.
For additional information contact John Hickey at 800/698-3377. Ambra Resources Group invites you to learn more
about its projects at the new Web Site address: www.ambraresources.com
Company Press Release
Ambra Resources Announces Excellent Gold Assay Results
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 7, 1998-- Publicly traded Ambra Resources Group
Inc. (OTC Bulletin Board: ABRG - news) announced that its 1998 Marathon Gold Claims Drilling Program will
begin with the confirmation of the excellent gold results from the 1997 Drilling Program.
The 1997 Marathon Drilling Program began in July 1997 by Globe Drilling, Ltd. Mr. Carl Verley, professional
geologist, who supervised the drilling program, selected approximately 45 samples for a complete 32 element
analysis. Of the 45 samples analyzed, a sample taken from the 5th hole at a depth of 165 feet indicated a significant
.368 oz./Gold per ton.
In November 1997, Mr. Verley coordinated an Induced Polarization Test on the Marathon Gold Property. The test
performed by Pacific Geophysical Ltd. consisted of cutting four lines across and perpendicular to the mineral-rich
Paula Vein. Several anomalous areas suggested the presence of sulphide bearing veins. In particular, a line by line
correlation seems to reflect a continuation of the intersection of hole number 5 -- where .368 oz./Gold per ton was
indicated in the assays.
Ambra's strong belief that the Marathon Gold Claims and surrounding area contain a major gold deposit is the reason
that the Company has secured several new claims to prevent competition. In addition to the Marathon, Marathon I
and Marathon II Claims, Ambra's 12,000 acres in the Cowichan Valley of Vancouver Island include: the Angela I;
Babylon I and II; Kystle Ann I, II and III; Solomon I, II and III, and the Star Trek I and II. This gives Ambra a
significant presence and provides the freedom and protection to pursue the rich Paula Vein during the 1998 Summer
Drilling Program.
Ambra Resources Group is a natural resource exploration and development company strategically positioning itself
with a strong portfolio in minerals, oil and gas interests.
For additional information contact John Hickey at 1-800/698-3377. Ambra Resources Group invites you to learn
more about its projects at the new Web Site address: www.ambraresources.com. |
