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Re: trade15 post# 3628

Tuesday, 05/04/2004 9:57:21 PM

Tuesday, May 04, 2004 9:57:21 PM

Post# of 358439
Last message missed source header.

United Carina, Cons Pine hit kimberlite in Saskatchewan

United Carina Resources Corp UCA
Shares issued 17,063,102 Apr 30 close $0.23
Tue 4 May 2004 News Release
Also (KPG)
Mr. Rick Walker of United Carina and Consolidated Pine Channel Gold reports
The first two holes drilled on United Carina Resources' and Consolidated
Pine Channel Gold's Smeaton, Sask., area property have encountered
significant intersections of kimberlite.
Hole No. 1 entered kimberlite at a depth of 410 feet and continued in
kimberlite to a depth of 903 feet for a total intersection of 483 feet.
This intersection is one of the thickest to be encountered in the Fort a la
Corne area to date. Hole No. 2 entered kimberlite at a depth of 394 feet
and stayed in kimberlite to 640 feet for a total thickness of 246 feet.
Preliminary logging of the two holes was conducted in a secure warehouse
and then split. The samples from the two holes were then transported to the
Saskatchewan Research Council's diamond laboratory in Saskatoon for
analysis.
After a short break to allow ground conditions to thaw and dry out,
drilling is about to resume on this target, with two or three more holes to
be drilled. The purpose of these holes is to further define the geometry of
the kimberlite pipe and to provide further samples to assay for any diamond
content.
The Smeaton property is currently jointly owned by United Carina and Pine
Channel, with CMKM Diamonds and U.S. Canadian Minerals each earning a
25-per-cent interest. The 25-per-cent interests will be earned by CMKM
Diamond and U.S. Canadian Minerals each providing $50,000 (U.S.) and each
financing $200,000 (Canadian) worth of exploration on the 27-claim
property. Following the drilling of the current target, further work will
be conducted on the other areas of the property. Urban Casavant, president
of CMKM Diamonds, the operator, has informed the companies that the project
is ahead of schedule and under budget.
The qualified person on this project is Ralph Newson of Saskatoon.
(c) Copyright 2004 Canjex Publishing Ltd. http://www.stockwatch.com

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