LAS VEGAS, Feb 19, 2004 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding of $1.8 million with a pledge of another $3.2 million upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
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