|
SEYMOUR EXPLORATION CORP.
Suite 410 – 777 Dunsmuir Street
Vancouver, British Columbia V7Y 1G5
(the "Company")
NEWS RELEASE
MARCH 16, 2004
| TSX Trading Symbol: SEZ |
Telephone: (604) 688-5866 |
| Email: 3mcc@telus.net |
Facsimile: (604) 488-0787 |
|
|
Seymour Exploration Corp. (TSX-VEN "SEZ")
Enters into a Strategic Alliance with Wallbridge Mining Company Limited
(TSX. "WM")
VANCOUVER, March 16 /CNW/ - Seymour Exploration Corp. has entered
into an exploration Alliance with Wallbridge which allows Seymour the
option of acquiring 50% of five mining claims in the southwestern part
of the Swayze greenstone belt in Ontario. Seymour will earn its 50%
interest by funding an aggregate of $1,000,000 on exploration
expenditures by December 31, 2006 on these claims, plus any additional
properties acquired for the Alliance. Once Seymour has earned its
initial interest, joint ventures covering specific properties will be
formed.
Seymour will expend a minimum of $500,000 by December 31, 2004, to
include geological and geophysical surveying, mechanical trenching and
drill testing of identified targets in the initial property area. The
initial property covers a nickel/copper target characterized by a strong
2 km by 1.5 km magnetic anomaly, which is spatially associated with
copper soil geochemical anomalies. In addition, government geologic
mapping identified boulders of ultramafic rocks south of the magnetic
anomaly.
This strategic alliance with Wallbridge, allows Seymour Exploration
to tap into the vast resource talent pool available at Wallbridge. Both
Seymour and Wallbridge will enjoy the flexibility of presenting
potential acquisition properties located in Ontario and Manitoba to the
Alliance at their discretion.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President and Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
|