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CMKX pr states U.S. Canadian minerals owns 25% of the claim AND
ant future diamond claims.
Intersection of Kimberlitic Rock Announced by U.S. Canadian Minerals, Inc.
TUESDAY, APRIL 06, 2004 6:00 AM
- BusinessWire
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LAS VEGAS, Apr 6, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals, Inc. (UCAD) has announced that the Company has purchased the previously announced Option with United Carina Resources Corp. (CA:UCA) , Consolidated Pine Channel Gold Corp. (CA:KPG) , and CMKM Diamonds Inc. (Pink Sheets:CMKX).
Management is also pleased to announce the intersection of over 500 feet of kimberlitic rock on their mineral claims in conjunction with this Option nearby the settlement of Smeaton, Saskatchewan. Operating partner CMKM, in collaboration with their geologist, Ralph Newson, have chosen a drilling location close to an area where smaller thicknesses of kimberlite have been identified by prior claim holders. Kimberlitic rock was intersected at a depth of 410 feet and drilling is still in progress.
Definitive classification as kimberlite will require laboratory confirmation and samples are currently being prepared to undergo caustic fusion treatment to assess diamond content. However given the nearby location of independently verified diamondiferous kimberlite and the large size of kimberlite bodies in the area, U.S. Canadian is very excited by the recent drilling successes. U.S. Canadian Minerals owns 25% of the claim and any future diamond finds. Further drilling is planned to more fully classify the size and morphology of the kimberlitic body and management is eagerly anticipating the results of diamond determination which is expected to be forthcoming within the next few months.
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
This Press Release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward-looking" statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this Press Release.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc.
R. Williams, 702-990-3672
