Hi Bill;
Here is the latest press release....looks interesting.FOR FURTHER INFORMATION PLEASE CONTACT:
Copper Hill Corporation
(709) 739-4780
(709) 739-4785 (FAX)
copperhillcorp.com
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: COPPER HILL CORPORATION
SHARES OUTSTANDING:16,647,140 (FULLY DILUTED: 17,751,140
CANADIAN DEALING NETWORK SYMBOL: CUHL
SEPTEMBER 28, 1998
For Copper Hill Corporation - Re: Exploration Update:
Diamond Exploration, Labrador-NWT
ST. JOHN'S, NEWFOUNDLAND--
Ultramafic Lamprophyre Dykes Mapped And Sampled
Copper Hill Corporation ("CUHL") is pleased to announce
preliminary results from its 1998 diamond exploration program in
northernmost Labrador - Northwest Territories. In late 1996 -
early 1997, CUHL staked four claim blocks in northern Labrador,
north of 60 degrees, covering five ultramafic lamprophyre dykes.
CUHL is also the beneficial owner of two claim blocks in the
Northwest Territories on Killinik Island which cover three more
ultramafic lamprophyre dykes. The rationale for staking the claims
is the perceived potential of these dykes to be diamondiferous.
These dykes are geologically correlative with known diamondiferous
kimberlites in western Greenland and also with dykes in the
Proterozoic mobile belt of the Abloviak Shear Zone of Quebec, some
100 km to the SW, from which a gem-quality macrodiamond has been
recovered.
During the 1998 exploration program, seven of the eight dykes were
mapped and sampled. CUHL chartered the M.V. "Yannis" to assist in
accessing these sites and to serve as its mobile field camp.
Stream sediment and soil samples were also collected through the
claim blocks in the region of the dykes to further define the
extent of potential diamond indicator minerals. Two of the dykes
were observed to contain conspicuous garnet macrocrysts and one
had an apparent pipe-blowout form. The collected samples are being
prepared for analysis to prove a possible kimberlitic link and
also to examine the compositions and significance of the diamond
indicator minerals. Results of these assays will be reported as
soon as they become available.
For further information, call (709) 739-4780; fax: (709) 739-4785,
or visit our web site home page which is currently under
development at copperhillcorp.com.
Earl R. Benson, President.
-30-
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