RE: who is GPHFY???Company with properties close to DOR and trying to benefit from DOR's early success in the maket place as mentioned in the PR.
Geophysical Prospecting Inc. commences VTEM Exploration Program on Wawa Claims
TORONTO, April 20 /CNW/ - Geophysical Prospecting Inc. ("the Company",
Pink Sheets symbol GPHYF) is pleased to announce that the Company has
commenced an exploration work program on their Corbierre leases. The claims,
covering 1,000 acres, are structurally located 4 kilometers northeast of
Dianor's (DOR-V) major diamond discovery in Chabanel Twp. and occupy similar
geological structure and volcanic sequences observed covering the Dianor
ground.
The first phase of the exploration program begins with an airborne
geophysical survey using Mining Magazine's 2005 exploration-equipment award
winner, Geotech Airborne Ltd's (www.geotechairborne.com), VTEM system.
Geotech's Versatile Time Domain Electro-Magnetics (VTEM) system, can scan,
analyse and map for base metals, uranium and diamonds to a depth of over 500
meters. The unique aerodynamic design is coupled to a pro-grammable high-power
transmitter. This means that geologists can map to depths previously only
achieved with ground surveys, with accuracies good enough to target drilling
programmes - all from the convenience of a conventional helicopter.
Additional information on this geophysical survey and other Company
initiatives will be released in the near future. The Company is in negotiation
to acquire additional property leases in the Wawa vicinity and formulating a
phase 2-exploration work program for the Corbierre leases.