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Gold/Mining/Energy : Minvita Enterprises Ltd. - MVE.v -- Ignore unavailable to you. Want to Upgrade?


To: kidl who wrote (45)7/20/1998 10:14:00 PM
From: kidl  Read Replies (1) | Respond to of 56
 
Mountain Boy exploration progress
Minvita Enterprises Ltd MVE
Shares issued 5,714,827 Jul 10 close $0.31
Mon 20 Jul 98 News Release
Mr. Dino Cremonese reports
Ranmar Ventures, optionee of Minvita's Mountain Boy property in the Stewart area of northwestern British Columbia, has reported discovery of an outcropping of high-grade silver mineralization at an elevation of 3,000 feet, immediately north of the Daly tunnel. Three grab samples from the new exposure were assayed and returned values of 157.3, 153.2 and 862.5 oz/t silver. Ranmar reports that the structure from which the samples are taken is up to 15 feet wide and is probably part of the high-grade vein which has a known strike length of 1,200 ft.
During 1997, Ranmar finished construction of an access road into the Mountain Boy property from the Stewart-Meziadin Highway. Ranmar is currently bulk sampling vein exposures around the Mann Tunnel entrance. As soon as this work is complete, equipment will be moved uphill to assist in bulk sampling the new outcropping. Ranmar also plans an X-ray drill program to test depth extent and orientation of shoots within the high-grade vein.
c Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com