Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (809)	3/16/1999 12:42:00 PM
From: Ross Dickie	Read Replies (3) \| Respond to of 2402

Here is some potentially interesting info The news release was sent to me from Stockwatch today. Notice near the end that these guys have also partnered with Kennecott for 25 mill looks like the same identical deal that CNB/PVF has with Kennecott..... (7 years - 25 mill) ________________________________________________________________ Intertech Minerals Corp Kimberlite Discovered on First Geophysical Target Intertech Minerals Corp IML Shares issued 14,068,185 Mar 12 close $0.78 Mon 15 Mar 99 NEWS RELEASE March 15, 1999 KIMBERLITE DISCOVERED ON FIRST GEOPHYSICAL TARGET Intertech Minerals Corp., (the "Company"), has been advised by Kennecott Canada Exploration Inc., ("Kennecott"), that volcaniclastic and hypabyssal kimberlite have been encountered in a diamond drill hole testing the first of approximately 30 airborne geophysical targets to be investigated during the C$1.2 million 1999 exploration program on the Afridi Lake property, located in the Lac De Gras area, some 320 km northeast of Yellowknife, N.W.T. This discovery, designated the Jordan kimberlite, is a strong total field magnetic low anomaly situated at an apparent break in a northwest trending diabase dyke, in the extreme northwest corner of the property, 4.5 km due west of the DA 1 - 3 diamond-bearing kimberlites discovered in early 1996. Details of the hole are as follows: HOLE: Jordan 99J-2 (Bearing 250 degrees, Inclination -55 degrees) Meters Description * 0 - 16.7 : water (2.44m) and overburden * 16.7 - 50.9 : volcaniclastic kimberlite * 50.9 - 62.5 : biotite schist * 62.5 - 77.1 : hypabyssal kimberlite * 77.1 - 84.4 : diabase Kimberlite intersected in this hole totals 48.8 meters, (160.2 feet). Samples of the kimberlite will be forwarded to Kennecott's laboratory in Thunder Bay, Ontario, for petrographic and caustic fusion analysis, results of which are expected to be available within four to six weeks. Kennecott has elected to drill another hole, Jordan 99J-3 from the same set up, at an inclination of -80 degrees; as of midday March 14, 1999 this hole was at a depth of 30.2 meters and had intersected 18.2 meters of volcaniclastic kimberlite. The hole continues to be drilled in kimberlite and is expected to be completed in the next two days, weather permitting. A second drill is expected to commence drilling on targets located in the southern portion of the property within the next several days. Intertech is a Vancouver, B.C. based, VSE listed Canadian diamond exploration company with a 100% beneficial interest in the promising Afridi Lake Diamond Property.(1) The Afridi Lake property, 52,591 hectares, (129,952-acre), is located 80 km southeast of the Ekati Diamond Mine (operated by BHP Diamonds Inc., DiaMet Minerals Corp., et al) and 45 km southeast of the Diavik mine (being developed by Diavik Diamond Mines Inc. and Aber Resources Ltd). In late 1998, the Company granted Kennecott Canada Explorations Inc. an option to acquire an undivided 60% interest in the claims. The option may be exercised at any time by Kennecott prior to December 11, 2005, by completing exploration expenditures totalling C$25.0 million or alternatively, by announcing a decision to begin construction and development of a mine. During the option period, Kennecott will be the project manager. For more detailed information please visit the Company's web site at imlvse.bc.ca. Alternatively, please contact the Company at (604) 684-8712 or 1-888-450-6500 toll free. Information and Shareholder Inquiries: Mr. Murray Garnett Mr. Glen Sandwell Corporate Inquiries: Mr. John Fraser, President Mr. Ralph Shearing, Director INTERTECH MINERALS CORP. "John Fraser" President (1) Intertech's 100% beneficial interest is subject to certain royalty interests and royalty interest purchase options, as fully explained in previous news releases and on the Company's web site @ imlvse.bc.ca. THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT. INTERTECH MINERALS CORP. * Trading Symbol: IML-VSE Suite 450 - 650 West Georgia St., Vancouver, B.C. V6B 4N8 Telephone: (604) 684-8712 * Facsimile: (604) 684-3829 Toll Free: 1-888-450-6500 Website: imlvse.bc.ca Email: mailto:intertech@imlvse.bc.ca