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