To: Famularo who wrote (687 ) 9/28/1998 7:46:00 PM From: Len Hynes Read Replies (1) | Respond to of 822
Hi Frank; Thanks for the info . Here is an interesting piece of news from a company I am following very closely....the Greenland-Northern Labrador diamond play.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-