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What are Nanodiamonds?
Thursday January 1, 2015, 8:45pm PST
By Staff Writer+ - Exclusive to Diamond Investing News
http://diamondinvestingnews.com/11992-nanodiamonds-detonation-emfutur-technologies-ray-techniques.html
Diamond Outlook 2015: Supply Needed, but Financing an Issue
Monday December 29, 2014, 3:35pm PST
By Charlotte McLeod+ - Exclusive to Diamond Investing News
http://diamondinvestingnews.com/12003-diamond-outlook-2015-supply-demand-price-paul-zimnisky-stornoway-tsx-swy-north-arrow-tsxv-nar-valhalla.html
Website of interest: http://diamondinvestingnews.com
New Diamond Bigplayer MWANA
Takover Gravity Diamonds with australian properties and 129.000 Skm in Kasai Kongo
20% in MIBA (6-8 Mio Carat / Year)
JV with BHP, Rio Tinto, Kimberley/Blina, Danube EER and and and
http://www.mwanaafrica.com
http://www.gravitydiamonds.com.au
Merry Xmas are you delievering those
Merry Christmas Rocketred!
ICIENA VENTURES INC. - http://www.iciena.com
Pick of the Week
HUGE BID @ the close on Friday,,,,,,,,,,,,,,Buy Some Stock Tomorrow
This stock is going to run.............Check the chart out
http://www.stockscores.com/quickreport.asp?ticker=v.iie
and come visit us @ www.clarksoncapital.com
DKGR is entering the diamond mining and acquiring the land where Da Beers Diamonds get their supply.
Drake Gold Resources Inc. Completes Formation of the Diamond Exploration and Development Division (Drake Diamonds)
Wednesday June 14, 7:30 am ET
CENTURY CITY, CA--(MARKET WIRE)--Jun 14, 2006 -- Drake Gold Resources Inc. (Other OTC:DKGR.PK - News) is pleased to announce the creation of the Diamond Exploration and Development Division or Drake Diamonds.
The formation of this division is based on the targeted zones in Southern Saskatchewan, which are some of the best-known kimberlite discovery areas in the world. The surrounding areas include majors such as De Beers, Shore Gold, Kensington, and Great Western Diamonds among many junior players.
Drake Diamonds also welcomes the newest member of the Drake team, John Marconette. Mr. Marconette has a long-standing reputation in the business of investments and acquisitions of such projects. He has been self-employed for 20 years. He has been involved with turnaround projects, which have moved companies from negative to profitable situations. Most recently he has five years experience in the mining industry and has been exclusively helping DKGR over the last couple months prepare for upcoming acquisitions. The duties will cover the facilitation and acquisition of diamond and mining prospects as well as potential joint ventures in conjunction with targeted areas.
Mr. Marconette is currently aiding in finalizing a potential acquisition for Drake Diamonds of up to 36,000 Hectares in the heart of the southern mining mineral deposit district in Saskatchewan. Complete discloser and maps will be released as soon as possible once the Department of Industry and Resources approves the leases.
The Drake Team is pleased to update shareholders with the most recent activities on the other mining fronts. We have been pending a letter of intent with our strategic partner Thunder Gulch Resources Ltd. and have been informed by our senior consultant, Mr. Norm Pearson that they have completed their decisions on the initial project to acquire.
Information has been drawn up over the last couple months from properties north of the Historical Courtland-Glisan Mining Districts in Arizona that has brought Drake Gold to this point. The intent is to acquire projects that we can put into early production through placer or free gold mining operations to produce a steady cash flow from gold, silver and copper; a very effective and low cost alternative to full scale hard-rock mining for a junior mining company.
Mr. Pearson our senior consultant and President of TGR is a 31-year veteran in the placer mining industry and holds patented rights to placer machining equipment. Mr. Pearson already has equipment to set up operations very quickly and will announce preparations and timeframes to set up the site in Arizona. Complete discloser and maps will be released as the acquisition paperwork is completed.
Please review the previous press release on March 22, 2006 for addition information:
http://www.drakegold.com/default.asp?Page=PressRelease_9
Current and future shareholders are encouraged to sign up for email updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, internationally at 1-503-618-0370, or via email at info@novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. (http://www.drakegold.com) is an early-stage mining and energy company that focuses on the exploration and production of precious metals, diamonds and energy, such as petroleum and coal. Several projects have been identified through Thunder Gulch Resources, Ltd. and its resources in North America. Drake intends to complete the acquisition of Pegasus Oil Well Services within the coming weeks. (http://www.pegasusoilwellservices.com) Announcements will be made as agreements are completed.
RGZ Targets A44 and A45 If Confirmed Kimberlite Pipes RGZ price goes nuts and soon we will know
RGZ get them while there still on sale :)
rgz Had too add today it was just too cheap
RGZ continues to climb upwards,Players are moving in here
TRS 100 mil ton Kimberlite Pipe results in 2 weeks or so from first 2 drill holes,Hot shot people on da property now and more going later today,others in Toronto visiting brokage houses
Randsburg finds diamond-bearing eclogite in Brazil
2005-05-30 18:22 ET - News Release
Shares issued 14,736,903
RGZ Close 2005-05-30 C$ 1.50
Mr. Michael Opara reports
RANDSBURG INTERNATIONAL GOLD CORPORATION ANNOUNCES NEW DIAMOND DISCOVERY AT VICTORY STRIKE PROJECT IN BRAZIL THREE GEM QUALITY MACRODIAMONDS TOTALING 2.98 CARATS RECOVERED FROM 192 KILOS OF ECLOGITE
Randsburg International Gold Corp. has discovered a diamond-bearing eclogite on its concessions located in central Brazil's Goias state.
Randsburg's Brazilian subsidiary, Diadem Mineracao Ltda., has a 100-per-cent interest in the exploration permits that cover the prospective area which is 120 square kilometres (30,000 acres) in size. Randsburg owns 85 per cent of the subsidiary. The concessions are in geological proximity to the famous diamond-producing area of the Verissimo River from which diamonds have been recovered for more than 100 years.
Preliminary auger drilling of a new target resulted in the recovery of three macrodiamonds. A total of eight holes were drilled with a five-centimetre-diameter auger drill to a depth of six metres. The first diamond of 0.05 carat in size was recovered from hole No. 1, located on the north-central portion of the claim block within 1.5 metres of the surface. Four additional holes were drilled at approximately 50-metre intervals on a line running north. Hole No. 6 was drilled 500 metres north of hole No. 1. At a depth between three to 4.5 metres, a 0.85-carat diamond was recovered. Hole No. 7 was drilled five metres north of hole No. 6. Hole No. 8 was drilled five metres west of hole No. 6. At a depth between three to 4.5 metres, a 2.08-carat diamond was recovered.
The material from the auger holes is packed in sample bags in the field; each 1.5 metres drilled is considered to be one sample. The approximate weight of material removed from each 1.5 metres of drilling is six kilograms. Each hole is approximately 24 kilograms of material. The weathered eclogite rock has a density of approximately two.
The three diamonds recovered are all white and of gem quality. Microdiamonds were encountered in the less-than-one-millimetre fraction of the non-magnetic material of several of the holes drilled. Further examination of this material is continuing. The auger drilling could not continue below six metres because the water table was encountered.
The purpose of this auger drilling was to identify the rock type in this area of the property. Macrodiamonds were not expected to be recovered during this work because of the relatively small amount of material processed.
Investors are cautioned that processed material from the initial eight drill holes is not necessarily representative of the entire target, and that calculating potential diamond grades on a per tonne basis is therefore premature. Extensive additional exploration and the processing of much larger samples will be required in order to calculate a more representative diamond grade and quality.
Groundwork undertaken to date on the claim block has included auger drilling, pitting, trenching and sampling in an effort to discover the source or sources of the diamonds recovered from the Verissimo River. The eclogite has a surface expression of 480,000 square metres. Depth is unknown. Two other eclogites have been discovered on the property on the same geological fault line.
Based on this new discovery, the company has implemented the following work program:
Groundwork including auger drilling will continue to further delineate the size of the diamond-bearing eclogite.
Airborne, ground magnetic and gravity surveys will be conducted within the next several weeks.
The company has constructed a 3.5-ton-per-hour diamond processing mini-plant. Upon receipt of necessary government permits, the mini-plant will be sited on or near the target area in order to accelerate exploration and process significantly more material.
Processing
The following processing method was used during recovery of the three macrodiamonds referenced in this news release.
The bagged samples are transported from the field to the company's laboratory. The samples are screened using a wet screening machine with square apertures of eight-millimetre, four-millimetre, two-millimetre and one-millimetre screens, all 20-centimetre diameters. The less-than-one-millimetre fraction is collected in a bottle located on a spigot at the conical bottom of the screening machine. Each screened fraction is re-examined to look for diamonds or any suspect stones.
The screened fractions as well as the fine material, eight-, greater-than-four-, greater-than-two- and greater-than-one-millimetre fractions are scrutinized for fluorescent material using a ultraviolet light. The fluorescent particles found are examined using a binocular microscope.
The dried less-than-one-millimetre material is passed through an elutriator which separates the material into two fractions. The heavy material, consisting of ilmenite, zircons, garnets, perovskite and diamonds, is collected in a bottle located on a spigot at the conical bottom of the elutriator while the light fraction overflows and is discarded. The heavy mineral fraction is dried and then all the magnetic material is removed. The magnetic material and non-magnetic material are examined for the diamond indicator minerals referenced above.
History of the Victory Strike
There have been numerous diamonds recovered by garimpeiros (local small-scale miners) from the alluvial gravels in the streams and rivers which are the only exit route for the diamonds coming from the Victory Strike area. Garimpeiros are currently working on the company's concessions. The company has sampled these streams for diamond indicator minerals to determine the potential hard rock source of the diamonds.
In its Oct. 20, 2003, news in Stockwatch, the company described seven diamonds recovered from the property totalling 1.97 carats. These seven stones were recovered from alluvial gravels on the southwest corner of the claim block where the Rio Taperao runs into the Via-Vem River. The material was gathered from an area of approximately four metres by four metres using picks and shovels. Material was removed from up to a depth of four metres. The material was then screened using 60-millimetre screens and concentrated, then examined by hand. The seven diamonds are of gem quality and sizes are 0.18, 0.24, 0.27, 0.28, 0.29, 0.33 and 0.38 carat.
Ron Turner, co-discoverer of Victory Strike, is the general manager and chief executive officer of Diadem. Mr. Turner has been in the mining business since 1963. Originally a native of South Africa, he immigrated to Brazil in 1978. He has worked as a mine manager and mine superintendent in South Africa and as a technical consultant to internationally recognized companies located in South Africa, Namibia, the United States and Brazil. Mr. Turner is thoroughly familiar with all aspects of diamond exploration and mine development.
Dr. Ken Germundson, PhD, professional geologist, is the company's qualified person under the meaning of National Instrument 43-101 for the Victory Strike project. Dr. Germundson has reviewed this news release and approved its contents.
We seek Safe Harbor.
Hi,
I notice in the preface above that this board is for Canadian Diamond stocks. Would you consider making it North American Diamond Stocks? there is a lot of activity in Montana and it may be the next hot area as more of the Saskatchawan and Alberta Diamond companies prove out. They are not so many, and not so far away.
One investment of mine, with great management, numerous properties and the Homestead Kimberlite, which has gotten great prospective reviews from geologists is Delta Mines and Exploration. DMXP, now @ .01 or just lower. The current communication with investor relations says to expect some news around July 4th week, and we all are expecting news on financing for exploration.
There is a board -
http://www.investorshub.com/boards/board.asp?board_id=2497
CMKX is the worst hype story I have ever seen... take a look at the float then look at the drill results.... this stock is on the edge of being criminal
Public Companies' Rights Coalition,,,
http://ivarkreuger.proboards32.com/index.cgi?board=Coalition&action=display&num=1087975012
http://ivarkreuger.proboards32.com/
CMKM Diamonds ~ CMKX News & Results,,,
CMKX message board
http://ivarkreuger.proboards32.com/index.cgi?board=Diamonds
CMKX RB Message board
http://www.globalpennystocks.com
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CMKX
Get a free stock screener to track
CMKX http://www.quotetracker.com
Pinksheets
http://www.pinksheets.com
http://www.marketmillionaires.com/index.php?
Stockhouse message board.
http://www.stockhouse.ca/bullboards/forum.asp?symbol=CMKX&table=LIST
CMKX message board.
The lion has a CMKX message board
http://www.thelion.com
http://www.hotstockmarket.com/board/cgi-bin/yabb/YaBB.pl?board=Stockstips;action=display;num=1085849....
Invetorshub Stock message board for CMKX
aLOT OF NEWS
http://www.investorshub.com/boards/board.asp?board_id=1561
Many stock boards.
Yahoo CMKX message board
http://finance.groups.yahoo.com/group/cmkxtrememachine/
o http://www.boardcentral.com i
Free real time quotes CMKX message board. I dont think you need to be registered to read them, but to post you need to register.
http://quotes.freerealtime.com/dl/frt/C?SA=quotes/MessageBoard&IM=quotes&symbol=CMKX&typ....
Another CMKX forum
http://forums.offtopic.com/showthread.php?p=19372100#post19372100
Silicon Investor message board
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=54716
VOLUME IS huge! Small Cap centrer volume
http://www.smallcapcenter.com/snapshot_quote.asp?component=compinfo.asp&page=snapshot.asp&ti....
http://www.cmkxtreme.com/ mid month CMKX racing news
CMKX next car race
http://www.jeffarend.com/schedule.htm
www.cmkxtreme.com or www.jeffarend.com.
CMKX Diamonds & Nitro! last week racing news.
http://www.motocrosscanada.ca/demos/prnmag/modules.php?op=modload&name=News&file=article&....
Melvin speaks
Melvin on IBC Radio Today 6/1 (Mp3 Link)
--------------------------------------------------------------------------------
http://yazzi.com/cmkx/melvin2.htm
CMKX home page
http://www.casavantmining.com/index.html
http://www.casavantmining.com/picture_archive.html
http://www.casavantmining.com/video_archive.html
http://casavantmining.com/images/SitePics5/
"Project Surround" Click Zoom In (lower left bar,then click on map)
http://casavantmining.com/images/17x11_Oct03.pdf
http://www.explorationgis.com/falc_detail.html
Gold Claims ~ #SK claim @ top map cmkx
http://www.explorationgis.com/LR_goldbelt.html
Canadian Government map confirmation of diamonds!!!
http://cmkmdiamonds.proboards27.com/index.cgi?board=news&action=display&num=1085277666
http://142.165.150.133/website/sir_geological_atlas/viewer.htm
Map of all Kimberlite Pipes in Sask
http://www.pinechannel.com/s/Properties.asp?PropertyInfoID=632&PropertyMapID=676
http://www.sec.gov/Archives/edgar/data/1092299/000111776803000002/schedule.htm
Educational
http://www.kaiserbottomfish.com/s/Educational.asp?ReportID=71104
http://www.amnh.org/exhibitions/diamonds/composition.html
http://magazine.globeinvestor.com/servlet/ArticleNews/commentarystory/GIGOLD/20030203/northernlights....
http://www.diamondregistry.com/check.htm
Bureau of Land Management Mining Law Administration:
http://www.blm.gov/nhp/300/wo320/minlaw.htm
http://interactive.usask.ca/ski/mining/search/rights.html
http://www.canadiandiamondcodeofconduct.ca/html/EN_home.htm
http://competition.ic.gc.ca/epic/internet/incb-bc.nsf/en/home
http://competition.ic.gc.ca/epic/internet/incb-bc.nsf/en/ct02818e.html
Frauds Scams Alerts
http://www.rcmp-grc.gc.ca/scams/scams_e.htm
CTV News: Peter Murphy reports on the hidden gems of Canada's north
http://www.ctv.ca/servlet/HTMLTemplate/!ctvVideo/CTVNews/canada_diamonds_040113/20040113/?hub=Canada....
Traders Nation Radio Interview (Audio)Tom Allinder - Guest Host Interviews
Dr. Mark Hutchison, Consulting Geologist
http://www.tradersnation.com/cmkm.shtml
http://www.findarticles.com/cf_sccfrm/m0EIN/2003_Feb_25/98036193/p1/article.jhtml
http://www.findarticles.com/cf_sccfrm/m0EIN/2003_April_21/100402143/p1/article.jhtml?term=
http://members.iinet.net.au/~boxer/evaluation1.htm
Jeff Arend http://www.jeffarend.com/
http://www.nhra.com/2004/events/race10/preview.html
More pictures of CMKX-Treme Funny Car
http://www.sustainweb.com/cmkx_extreme_team.htm
Pictures of the CMKX-Treme & Crew on index pages 3,8,11
http://www.motorsportspictures.com/nhra/hrp_2004/oreilly/index.htm
More photos of the race.
http://www.uscanadian.net/sponsor.asp
http://www.houstonraceway.com/photo.html
http://www.nhra.com/
Espn2 TV Listing:
http://www.nhra.com/2004/tvschedule.html#current
http://www.nhra.com/2004/canadatv.html#current
http://www.nhra.com/2004/events/race10/schedule.htm
Hello,
I notice no discussion of Delta Mining (DMXP) on this board.
Please let me know if there is a reason for it.
My take is that it is a legit company temporarily inundated with marketmakers taking advantage of the new interest and news. When it is able to get financing, it may get rolling.
Opinions, please?
dimonfind
Tahera may be a good buy at these levels but they are more investor hype than diamonds in the ground, also they have a humungus float so be careful there.
De Beers and Rio Tinto are investing in the Canadian North and some of the stocks that I hold have partnerships with the large tier two companies.
Check out Majescor, Mountain Province, Skyharbour, Diamonds North, and Aber (long positions on all of these)
good luck
Does anyone know much about the three big giants (BHP, Rio Tinto & De Beers) digging up Canada's northlands for diamonds?
Is Tahera a good buy compared to the dozen or so new players drilling presently?
Caldera Resources Inc. was incorporated as an independent mineral exploration company during 1995 and trades on the Toronto Stock Exchange ("CDR"). The aim of the Company is to discover a diamond deposit and this is being pursued through widespread exploration in Australia. The Company continues to focus on diamond exploration and now has four projects in Western Australia, including a joint venture with SouthernEra Resources Limited (SUF-TSX). SouthernEra, a leading Canadian diamond explorer is a shareholder of Caldera.
Two projects, Ellendale East and the Yilgarn Craton Project are strategically positioned near to diamondiferous lamproites and kimberlites respectively. The Ellendale East Project is located approximately 30 kilometres from the Ellendale Diamond Mine.
The Yilgarn Craton Project is joint ventured with SouthernEra Resources Limited, a leading Canadian diamond explorer. The Cromer Cone Project is a 50:50 joint venture agreement with Mr. Ronald Winston, Chairman of Harry Winston Inc. of New York.
The Company is exploring for gold / base metals in three areas of northern South Australia, namely the Mt. Alice, Mt. Carulina and Mt. Sarah areas.
DVV Drill crew being moblized today from Yellowknife
Drilling Starts SOOOOOOOOOOOOOOOOOOOOOOON
DVV moblizing equipment this weekend and drilling to start mid to late next week.
Trains indicate Pipes should be found
Diamonds North Resources Ltd.: High Diamond Counts and Large Stones Recovered from Sculptor
Link to news:
http://www.stockhouse.ca/news/news.asp?newsid=2162803&tick=DDN
ccnm
VANCOUVER, BRITISH COLUMBIA--Diamonds North Resources Ltd.
(DDN-TSX Venture) announces diamond results from the Sculptor,
Pegasus and Orion kimberlites which are centrally located along
the 20 kilometre Galaxy Structure on the Blue Ice property,
Victoria Island. These results are from the 2003 Blue Ice
exploration program which was jointly funded by Diamonds North
and Teck Cominco Limited.
From the Sculptor kimberlite, 724 diamonds were recovered from a
514.15 kilogram composite sample collected from three separate
trenches over a 330 metre strike length. The high diamond counts
recovered from this sample are associated with an anomalously
high proportion of large stones. A total of 191 diamonds (26%)
classify as macrodiamonds (at least one dimension greater than
0.5mm) and 48 of these stones measure more than 1.0mm in at least
one dimension. Five of the recovered stones measure greater than
2mm in at least one dimension.
From the Pegasus kimberlite, 30 diamonds were recovered from a
220.8 kilogram composite sample obtained from two trenches
located 150 metres apart. Five of the diamonds (17%) classify as
macrodiamonds and 3 of these measure greater than 1.0mm in at
least one dimension.
From the Orion kimberlite, 5 diamonds were recovered from a 16.42
kilogram composite sample collected from two trenches spaced 86
metres apart. One of the 5 diamonds is classified as a
macrodiamond.
Table 1: Macrodiamond Distribution
-----------------------------------------------------------------------
DIAMONDS RECOVERED
--------------------------------------------------
+0.5 mm +1.0 mm
-----------------------------------------
Kimberlite Weight Total 1 2 3 1 2 3
(Kg) Diamonds Axis Axis Axes Axis Axes Axes
-----------------------------------------------------------------------
Sculptor 514.15 724 191 97 48 48 28 9
-----------------------------------------------------------------------
Pegasus 220.8 30 5 4 1 3 3 0
-----------------------------------------------------------------------
Orion 16.42 5 1 0 0 0 0 0
-----------------------------------------------------------------------
Table 2 shows the largest 3 stones from the samples collected at the Sculptor and Pegasus bodies.
Table 2: Diamond Sizes
------------------------------- -------------------------------
Largest stones (mm) Largest stones (mm)
------------------ ------------------
Kimberlite X Y Z Kimberlite X Y Z
------------------------------- -------------------------------
Sculptor 3.25 2.14 1.49 Pegasus 1.82 1.6 0.52
------------------------------- -------------------------------
Sculptor 2.57 2.00 1.06 Pegasus 1.23 1.14 0.35
------------------------------- -------------------------------
Sculptor 2.14 1.54 1.27 Pegasus 1.14 1.05 0.36
------------------------------- -------------------------------
Full square mesh sieve diamond results for the three kimberlite
bodies are presented in Table 3 below. Sculptor in particular,
demonstrates a very encouraging diamond size distribution with 25
stones occurring on or above the +0.85mm screen. Two of the
largest Sculptor diamonds remain on the +1.70 mm screen. The
Pegasus sample yielded a relatively small population of diamonds,
however, one of the stones is large, remaining on the +1.18mm
screen.
Table 3: Diamond Sieve Sizes
-------------------------------------------
Sieve Sizes
--------------------------------------------------------------
Sample
Wt +1.700 +1.180 +0.850 +0.600 +0.425
Kimberlite (Kg) mm mm mm mm mm
-------------------------------------------------------------
Sculptor 514.15 2 6 17 22 35
-------------------------------------------------------------
Pegasus 220.8 0 1 0 2 0
-------------------------------------------------------------
Orion 16.42 0 0 0 0 0
-------------------------------------------------------------
------------------------------------------
Sieve Sizes
-------------------------------------------------------------
Sample
Wt +0.300 +0.212 +0.150 +0.100
Kimberlite (Kg) mm mm mm mm TOTAL
-------------------------------------------------------------
Sculptor 514.15 74 132 205 231 724
-------------------------------------------------------------
Pegasus 220.8 1 5 9 12 30
-------------------------------------------------------------
Orion 16.42 0 1 3 1 5
-------------------------------------------------------------
The 2003 diamond results for Sculptor demonstrate the presence of
larger stones and a favorable diamond size distribution with
increasing sample size. This result exceeds the 2002 diamond
count for Sculptor which returned 254 diamonds from a 208.58
kilogram sample.
The colour and clarity of the diamonds recovered from the 2003
Sculptor and Pegasus samples are summarized in Table 4 below. The
diamond population from Sculptor is dominated by white
transparent stones. Of the six pink diamonds recovered in 2003,
four are classified as macrodiamonds. The presence of pink
diamonds in Sculptor is consistent with the 2002 diamond results
where 2 pink stones (one of which qualified as a macrodiamond)
were reported. Also notable, the Pegasus diamond population is
dominated by white transparent stones with no translucent or
opaque stones reported.
Table: 4 Diamond Quality
-------------------------------------------------------------------
Sculptor No. No.
Colour No. stones Transparent Translucent No. Opaque
-------------------------------------------------------------------
All Stones 724 629 90 5
-------------------------------------------------------------------
White 580 527 53 0
Off White 52 30 18 4
Yellow 68 54 13 1
Pink 6 5 1 0
Brown 17 13 4 0
Other 1 0 1 0
-------------------------------------------------------------------
-------------------------------------------------------------------
Pegasus No. No.
Colour No. stones Transparent Translucent No. Opaque
-------------------------------------------------------------------
All Stones 30 30 0 0
-------------------------------------------------------------------
White 26 26 0 0
Off White 3 3 0 0
Grey 1 1 0 0
-------------------------------------------------------------------
The central Galaxy Structure consists of the Sculptor, Pegasus
and Orion kimberlites, which are a series of en echelon dykes
represented by linear magnetic anomalies (A map of the Galaxy
Structure is available on the Company's website;
http://www.diamondsnorthresources.com/s/Diamond_GeologicalInfo.asp
). These magnetic signatures range in width from 25-75 metres and
up to 2.0 kilometres in strike length. The discovery of Orion in
2003 was the result of geological prospecting. Orion is exposed
on surface as a zone of discontinuous frost heaved hypabyssal
kimberlite boulders over a strike length of 100 metres and a
width of up to 1 metre. Hand trenching at Pegasus failed to reach
bedrock; however, sample material was collected from subcrop and
frost heaved boulders. Two of three trenches excavated at
Sculptor successfully exposed in-situ kimberlite revealing true
widths of 1.2 to 1.5 metres.
In addition to trenching, the Sculptor and Pegasus bodies were
drill tested in 2003 to obtain geometrical data of the bodies at
depth. Drill holes BI-03-18 and BI-03-19 were drilled from the
same location at -50 degrees and -70 degrees inclinations to test
the Sculptor kimberlite at depth. The drill holes intersected 0.7
metres and 2.06 metres of kimberlite respectively from the
sub-vertical body. The core and trench samples are both described
as medium grained olivine macrocrystic hypabyssal kimberlite.
Drill hole BI-03-20 (-60 degrees) tested the Pegasus kimberlite
and intersected 2.3 metres of very altered, coarse grained,
olivine macrocrystic hypabyssal kimberlite below one of the
Pegasus surface trenches.
Kimberlite samples were collected and logged under the
supervision of qualified geoscientists. Samples were securely
sealed in solid containers and shipped by air to SGS Lakefield in
Ontario. SGS Lakefield's standard caustic fusion diamond recovery
method was utilized for all samples. SGS Lakefield is accredited
by the Standards Council of Canada to the ISO 17025 standard for
specific registered tests.
Mr. D. G. Gill, P.Geo. is the Qualified Person as defined by
National Instrument 43-101 for Diamonds North Resources Ltd. and
was responsible for implementing the 2003 Blue Ice program and
providing quality control on all data returned.
Diamonds North Resources Ltd. is a diamond exploration company
with more than 12 projects covering over six million acres in
Canada's Nunavut and Northwest Territories. Diamonds North's
projects include early stage drill targeting to more advanced
kimberlite evaluation.
On behalf of Diamonds North Resources Ltd.
Mark Kolebaba, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Diamonds North Resources Ltd.
Nancy Curry
Corporate Communications
(604) 689-2010
(604) 685-2814 (FAX)
Email: info@diamondsnorthresources.com
Website: www.diamondsnorthresources.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this news release.
Copyright 2002 The Globe and Mail
DDN news expected any day.Looking for great numbers to be released :)
cgb now grc, BHP Billiton's says possible kimberlites
http://new.stockwatch.com/newsit/newsit_newsit.pasp?bid=B-306418-C:GRC&symbol=GRC&news_regio...
10 Sept News Release cgb.h
http://mining-metals.press-world.com/v/57911.html
Oct 17 JK report on DDN
Finally, I wish to alert bottom-fishers that a news release is due any day for Diamonds North Resources Ltd (DDN-V: $0.79) that could indicate a spectacular high grade diamond discovery in the Sand Pipe East kimberlite on Victoria Island. Such results would prompt to market to see Diamonds North as a high grade, small tonnage diamond play similar to Goldcorp's gold play in the Red Lake camp.
Small co merging into the diamond biss .
co symbol was cgb.t, now cgb.h, soon to be some other name possibly. Merger vote coming up by the end of Nov. Drilling to follow.
Trading was halted following major announcement. Started trading a few days back and so far popped +53%. Now at .40 $CAN.
Huge potentional, but as with similar CAN diamonds mines, a likely high risk/reward ratio, imo.
For more info see sedar doc's at:
http://www.sedar.com/command_servlet?cmd=DisplayCompanyDocuments&issuerNo=00007666&lang=EN
NSDM MICRO DIAMONDS FOUND!! This is first of a few major announcements you will see from this company in coming weeks still trading at 0.18! Forget the north may be having something the Ukraine DOES!
Majors want slice of diamond action
By: Nicole Mordant
Posted: 2003/06/26 Thu 02:42 ZE2 / © Mineweb 1997-2003
VANCOUVER – The world’s biggest mining companies are making sure they are not left out in the cold if expectations prove accurate and Canada is indeed the venue for the next big diamond discovery.
Better known as the world’s biggest zinc producer and a serious copper, gold and coal miner, Vancouver-headquartered Teck Cominco [TSX: TEK.A, TEK.B] is the latest major to sign up with a junior exploring for diamonds in Canada’s north.
Teck said today it will spend C$2.5 million on a drilling programme on the Blue Ice Project on Victoria Island, a property owned by tiny junior Diamonds North Resources [TSX-V: DDN] up in the arctic circle.
This is Teck’s second venture with a Canadian diamond explorer in the past year and comes less than a month after BHP Billiton, the world’s biggest mining group, took stakes in two early-stage diamond exploration projects in eastern Nunavut. Diamond colossus De Beers has not been resting on its laurels and has recently tied up with juniors in Quebec and the Northwest Territories.
Canada’s diamond history has been short but successful. From the first major discovery just over a decade ago, Canada now has two producing mines in BHP Billiton’s Ekati and Rio Tinto/Aber’s Diavik and will supply 15% of the lucrative rough diamond market next year. Momentum has built and the current exploration season has turned up the most promising results in years, sending the shares of several junior explorers into orbit along with expectations of a major find.
For majors keen not to miss the action, juniors offer the ability to get involved in more projects than they could on their own, at a much lower cost. “With Canada being the size it is, there is no way we can cover all that ground,” says a De Beers official. Other than being numerous and nimble, juniors have also been successful at raising exploration finance from the market, often through the tax-break flow-through financing mechanism.
Majors are being dazzled too by the highly profitable business that diamond mining can be. Returns can dwarf those from base metals operations and a big discovery offers prospects for gargantuan growth, which could otherwise take years.
According to Metals Economics Group, half of all the diamond exploration projects conducted in the world last year, took place in Canada. Measured another way, Canada received the most exploration dollars of any single country – 36% of the pie compared to 33% for the whole of Africa.
Teck deal
Today’s deal sees Teck paying one million dollars or C$1.10 a share for a 6% stake in Diamonds North. The partners will jointly finance a C$3 million exploration programme on the Blue Ice Property, a 240 kilometre area of staked claims on Victoria Island, whose western half is in the Northwest Territories while the east is in Nunavut. The money will be used to fund continuing exploration on the property after Diamonds North last year identified nine kimberlites, eight of which proved diamondiferous.
Although both predecessors of Teck Cominco, Teck Corp and Cominco had previous diamond exploration programs, this is only the merged company’s second diamond venture in Canada. The group last August signed a joint venture exploration deal with Rhonda Corp [TSXV: RDM] on its Inulik property in Nunavut, a junior which is also in a JV with De Beers.
http://www.mips1.net/mwnew.nsf/Current/85256C400066C6FA88256D510003DBA6?OpenDocument
Are there really diamonds up in the great white north?
Got a report of a small company buying a diamond property in Saskatchewan, (cgb.t). Supposable the site is near an area with "higher G10 garnet counts then any previously know discoveries in the province of Saskatchewan." I assume that's a good thing? So what's the going price tag on a diamond property these days?
Shear Minerals Ltd (C-SRM) - News Release
Shear et al. discover third Churchill kimberlite
Shear Minerals Ltd SRM
Shares issued 26,920,727 Jun 12 2003 close $ 0.96
Thursday June 12 2003 News Release
Also Northern Empire Minerals Ltd (C-NEM) News Release
Mr. John Robins of Shear Minerals reports
THIRD KIMBERLITE DISCOVERED AT CHURCHILL
Shear Minerals, Northern Empire Minerals and BHP Billiton have discovered a third kimberlite on the Churchill diamond project. Drill hole No. CD004 was designed to test a circular magnetic high anomaly measuring approximately 225 metres by 300 metres. To date, all three targets drill tested have intersected kimberlite. Drill hole CD001 identified the Qaumallak (Lightning) kimberlite. CD002 and CD003 were drilled into the Kalluk-1 (Thunder) kimberlite. The third kimberlite referred to as Kalluk-2 was drilled approximately four kilometres east of Qaumallak.
Drilling continues on the project. The current program is designed to test a minimum of 15 targets. Over 200 geophysical targets have been identified on the project to date. Additional drill results will be reported on a weekly basis. Kimberlite will be processed for diamond analysis by caustic fusion at the Saskatchewan Research Council. Microdiamond results from all drill holes will be reported simultaneously. Given the recent kimberlite discoveries, the joint venture partners have remobilized the crew to the property to resume detailed ground geophysical surveys over targets identified from last year's airborne geophysical program. Additional drill targets are anticipated to be generated from the ground geophysical program.
The 2003 program is under the supervision of Dean Besserer, PGeol, of APEX Geoscience Ltd., a qualified person under National Instrument 43-101. Mr. Besserer is responsible for all aspects of the project's supervision, including quality assurance, quality control and sample chain of custody. Drilling is being conducted by Aggressive Diamond Drilling of Kelowna, B.C.
Shear has a 51-per-cent interest and is operator of all exploration programs. Northern Empire is earning into a 35-per-cent interest by incurring $750,000 in exploration expenditures. BHP Billiton has a 14-per-cent interest in Churchill, and has also agreed to finance the costs of collection, sampling and processing the initial 200 tonnes of kimberlite.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com
old url (better for printing)
Shear and Empire identify second Churchill kimberlite
Shear Minerals Ltd SRM
Shares issued 26,920,727 Jun 6 2003 close $ 0.68
Monday June 9 2003 News Release
Also Northern Empire Minerals Ltd (C-NEM) News Release
Ms. Pamela Strand of Shear Minerals reports
NORTHERN EMPIRE MINERALS LTD. AND SHEAR MINERALS LTD.: SECOND KIMBERLITE DISCOVERED AT CHURHILL
Shear Minerals, Northern Empire Minerals and BHP Billiton have discovered a second kimberlite on the Churchill diamond project. Drill hole No. CD002 was designed to test anomaly CK156, a circular magnetic low anomaly 150 metres by 150 metres located six kilometres north of CD001. The first two kimberlites have been named Thunder and Lightning ("Kadluk" and "Kraumalak" in Inuktituk).
"The first two targets drilled have resulted in separate kimberlite discoveries," said Pamela Strand, president and chief executive officer of Shear. "Now that we know there are kimberlites at Churchill, we have added confidence that the source of the outstanding mineral chemistry we have observed is located on the property."
Said John Robins, president and CEO of Empire, "These discoveries clearly confirm our belief that Churchill will become one of Canada's leading diamond projects."
The current phase of drilling is designed to test a minimum of 15 high-priority kimberlite targets of the 217 geophysical targets identified to date on the property. Drilling continues and additional results will be forthcoming. The Churchill diamond project totals more than 1.5 million acres and is located near the community of Rankin Inlet, Nunavut.
Shear has a 51-per-cent interest and is operator of all exploration programs. Northern Empire is earning into a 35-per-cent interest by incurring $750,000 in exploration expenditures. BHP Billiton has a 14-per-cent interest in Churchill and has also agreed to finance the costs of collection, sampling and processing the initial 200 tonnes of kimberlite.
All programs are under the supervision of Dean Besserer, PGeol, of APEX Geoscience Ltd., a qualified person under NI 43-101.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com
old url (better for printing)
Diamond Show in Vancover June 8 & 9
http://www.cambridgehouse.ca/vancouver/june2003.html
FOR: SHEAR MINERALS LTD.
TSX VENTURE SYMBOL: SRM
AND NORTHERN EMPIRE MINERALS LTD.
TSX VENTURE SYMBOL: NEM
JUNE 7, 2003 - 17:12 ET
Shear Minerals Ltd. and Northern Empire Minerals Ltd.:
First Kimberlite Intersected; Churchill Diamond Joint
Venture
EDMONTON, ALBERTA and VANCOUVER, BRITISH COLUMBIA--Shear Minerals
Ltd. (SRM: TSXV), Northern Empire Minerals Ltd. (NEM:TSXV) and
BHP Billiton today announced that the 2003 drill program at the
Churchill Diamond Program has commenced and that the initial
drill hole has discovered the first kimberlite pipe on the
property.
Drill hole number CD001 was designed to test CK151, a circular
magnetic low anomaly. The vertical drill hole tested the centre
of the anomaly and intersected kimberlite at a depth of 35 feet.
Michael Dufresne, P. Geol. of APEX Geoscience Ltd., is the
Qualified Person on site and describes the macrocrystic
kimberlite and breccia with visible olivine macrocrysts and
picroilmenite. The hole remains in kimberlite at a depth of 287
feet. Core has been sent for petrographic analysis to R.L.
Barnett Geological Ltd. in order to determine and confirm the
mineralogy of the kimberlite.
"We hit kimberlite on the first drill-hole and within the first
12 hours of drilling which is very encouraging," said Pamela
Strand, President and CEO of Shear. "The much anticipated drill
program is now well underway."
A review of last year's 16,307 line-km aeromagnetic survey
completed on the initial 500,000 acre claim block identified 217
kimberlite targets at the Churchill property. In March this year,
ground geophysical data was acquired on 30 of these anomalies
resulting in 23 priority drill targets. This phase of drilling is
designed to test a minimum of 15 of these targets. A Fugro
helicopter magnetic-electromagnetic survey has recently been
completed over these high priority areas.
Shear holds a vested 51% interest and is operator at Churchill.
As per the June 2, 2003, news release BHP Billiton has purchased
a 14% interest in Churchill for $3 million and has also agreed to
fund the costs of collecting, sampling and processing the initial
200 tonnes of kimberlite. Northern Empire is earning into a 35%
interest at Churchill by incurring $750,000 in exploration
expenditures.
"Given our kimberlite discovery we are optimistic that this
year's exploration may result in the discovery of an entirely new
kimberlite cluster at Churchill Diamond Project," said Ms.
Strand. The joint venture has accumulated additional lands making
the Churchill Diamond Project total more than 1.5 million
contiguous favorable acres. In the past year, the joint venture
has advanced the project to the current drill-ready stage by
conducting a comprehensive exploration program that included
kimberlite indicator mineral sampling, prospecting and
geophysics. In January 2003, the partners approved a budget of
$2.5 million program. All programs are under the supervision of
Dean Besserer, P. Geol., of APEX Geoscience Ltd., a qualified
person under NI 43-101.
Chucky's MTX early days story
Canada's godfather of billion dollar diamond discoveries. It was Fipke who first turned the diamond world on its ear in 1992 by proving the existence of rich diamond deposits in Canada's frozen tundra. His discovery led to the opening of the $2.5 billion Ekati diamond mine. Fipke's public company at the time, Dia Met Minerals, catapulted from around $0.35 to over $67 before being bought-out by one of the world's largest mining companies, BHP of Australia. Many of Dia Met's shareholders became rich and so did Fipke. He even owns a ten per cent personal interest in the Ekati mine, which produced about three million carats a year.
Now for the first time in a decade, Fipke has the same glint in his eye that he had when he first struck pay dirt with Dia Met Minerals. He has been working for the last three years in northern Ontario's Attawapiskat region. This is the same area where De Beers is developing a major diamond deposit, known as the Victor pipe. But Fipke believes he can give De Beers a run for its money. His latest public company, Metalex Ventures (TSX-MTX), is now producing compelling exploration results. To date, he has used his world-renowned sleuthing techniques to trace a number of indicator mineral trails (tiny colored stones that are synonymous with diamond pipes) back to what he believes to be their geological source. Not coincidentally, these mineral trails appear to originate from the immediate vicinity of strong kimberlite-like geophysical anomalies. (Please refer to the Coronation Diamond District Report that has a link on this page for a more thorough explanation on Canada's emerging diamond story and how to find diamond pipes). In other words, Fipke thinks he has zeroed-in on a cluster of diamond pipes.
Metalex is a very tightly held company in which Fipke owns most of the free-trading and restricted stock. So, the company suffers from a serious lack of liquidity. However, Metalex has a joint venture partner in this project, Arctic Star Diamond Corporation (TSX-ADD), which has earned a 20 per cent interest in this venture by paying $600,000 towards the work program. Fortunately, Arctic Star is a broadly-held stock with reasonable liquidity and a relatively cheap share price. Since its IPO at Can. $0.25 in March of this year, Arctic Star briefly spiked as high as Can. $0.53 on the news of the joint venture with Metalex. The stock has since drifted down to around its IPO level due to a general lack of news and prevailing market conditions. However, informed sources suggest that Fipke is ready to drill several high-priority targets that promise to reveal diamondiferous kimberlite pipes. Thus, the upside for Metalex and Arctic Star, in particular, appears very favorable once a drill program is announced.
Exclusive Article on Victor Pipe
By Bruce MacKinnon
ATTAWAPISKAT/The Daily Press
De Beers Canada is on track to begin production of gem quality diamonds at their Victor Project near Attawapiskat by 2006 if the results of this year¹s drilling program continue to show promise. In a rare move, De Beers allowed The Daily Press on site to witness their preparations to begin to move a buried mountain, just days before the base
camp was to break up before the spring thaw. The site is in the muskeg, 90 kilometres west of Attawapiskat, 300 kilometres up the James Bay coast from Moosonee. Attawapiskat First Nation Chief Theresa Hall and Coun. Theresa Linklater were also part of the tour.
A prospector¹s find
In 1987, while prospecting for De Beers in the area, summer student and future company geologist Brad Wood went fishing during a break. As in most prospecting stories, good fortune joined him on the trip. He stumbled upon kimberlite rocks on the surface of a small island in the middle of the Attawapiskat River, only a few kilometres from the cluster of kimberlites containing Victor. ³As a result they paid for my last year of schooling and then gave me a career,² Wood said.
The company drilled four holes but didn¹t return to the find until 1995 and didn¹t start drilling on Victor until 1997. In 1998, a small trench was made into the kimberlite for a bulk sample of about 300 tonnes. A more extensive
drilling pattern began in 1999.
The long road from discovery to production has to include a feasibility study, which they were completing as the region began to thaw in early April 2003.
Multi-million dollar project
Now, roughly $60 million later, De Beers is on the verge of production. Many hurdles remain, but hopes are that by January 2004, site capture will begin. The capture entails the clearing of brush and leveling of outcroppings for
the skeleton of infrastructure for the mine and mill. By January 2005, the plan calls for construction to begin on the mill, living quarters, offices and associated buildings for the mine.
The hurdles to get to production are not small, but neither is their determination to overcome them. The revenue per tonne is estimated to be $94 Can., lowest for all their proposed Canadian projects. But hopes are several
of the other kimberlites around Victor will feed the mill.
First and foremost for the company, is their policy to involve the communities they will impact with their work, said Jeremy Wyeth, Victor Project vice-president.
Even before exploration begins, the nearby communities are notified of their intentions, he said. ³All levels of government have told us that our approach to the communities
is unprecedented,² Wyeth said. ³We will never go ahead without the full support of the community.
³It¹s the company¹s policy to hire aboriginal peoples in the area and to encourage those in the community who want to, to become entrepreneurs.²
The long road ahead
The winter project in December 2003-2004 will only continue if the company passes internal hurdles as well. ³We have to negotiate an impact benefit agreement with Attawapiskat First Nation, the De Beers Group board has to give the green light, the environmental impact assessment has to be approved and obtain the necessary operating permits from the province,² Wyeth said.
Since the rock formations which contain the diamonds aren¹t beside a major highway or a traditionally accessible region, four months of -30 or -40 C temperatures are a significant ally. That same time frame also creates unique challenges.
The base camp of about 80-100 workers is on the go 24/7, with helicopters and small planes flying in daily. Trucks and quad-track tractors are constantly travelling the over 100-kilometre winter road to Attawapiskat at night if it becomes too warm during the day. Base contains dozens of wood-framed tents with wooden floors and may be remote, but didn¹t resemble ³the old days.² With modern conveniences like electric heat, indoor pluming, hot water, computers, satellite phones and satellite TV, the employees feel almost at home.
³The workers all seem to happy with how they¹re treated, including training on the job with everything from chain saws to drilling equipment , to living conditions,² said Linklater. ³The Natives I¹ve spoken to have all said they¹re happy with how De Beers is taking care of the environment.
³Our main concern is the environment and how this will affect our drinking water. ³But we can see they keep the place clean.² Hall echoed the sentiment, saying it¹s important the environment be preserved as much as possible.
³I¹m getting to be more comfortable with the way they are proceeding,² Hall said. ³Our concern is the environment, not stopping development.²
A complex undertaking
The Victor Project is the largest and most promising of 16 diamond-bearing Kimberlites in the area. The carrot-shaped deposits from ancient volcanoes have to be probed by hundreds of drilling tests. The technical issues involved in setting up drills ranging from 10-60 centimetres in diameter on seemingly endless kilometres of bog in cold and
snow, means there is no time to spare. It takes up to a month to set up a drilling platform and another to tear it down and ship it back out to the trains.
Care is taken to leave the surrounding environment as undisturbed as possible. National park-type measures are being taken to preserve the land. It¹s forbidden to feed any wildlife, from birds to bears. Smoking is prohibited
outside specific areas. Garbage is bagged and flown out to Attawapiskat. Nothing is left on the ground, garbage, gloves or anything leaked from any machine. An inspector daily walks around the entire camp to ensure nothing is left
behind.
The winter project of 2002-2003 is a critical step in the process of bringing life to Victor. The feasibility study currently being conducted is an expensive experiment. As the characteristics of the kimberlite is defined, the size, shape and depth of the open pit mine is being designed from the data. Several of the experiments are to define how the muskeg will react to having weight placed on it.
Off in a corner of the project, an acre-sized pad sits atop the muskeg in two tiers, with huge bags of ore stacked on it. As the pad sinks, the rate, stability and reaction to varying weights helps engineers design the platforms all the mine¹s buildings will sit on. Since the entire project sits in kilometres of water, dikes have to be designed, access roads built from used ore and drainage has to engineered in such a way as to not upset the rest of the environment.
A small stream has to be diverted from the edge of the future pit. It has to maintain roughly the same shape and length, so as to not disturb the trout which live there.
Tests are ongoing to drain underground water below the clay and in the rock around the kimberlite. It has to be drained into the nearby Attawapiskat River and tested to ensure it will not affect the river¹s characteristics, since it may become the First Nation¹s source for drinking water.
Since the ore is not treated with any chemicals, runoff is not the environmental nightmare it is in other types of mines. It is checked for salt and mineral content. But the amount of water going into the river is insignificant compared to the total flow. ³The mine will require 20 pumped wells draining up to 4.55 million litres of
water per day, but in reality it¹ll only pump out water when it¹s present, said Wood.
During the next four-month period, starting in December 2003, the site cleared with pads, roads and infrastructure put in place for the buildings to be constructed in the next cycle in 2004-2005. Key in the designing process is the intent to disassemble and remove everything from the site when the mine is played out. Everything including the garbage will be taken away, leaving only waste rock
in flat formations. ³They will be only five to 10 metres high and will be a benefit to the local wildlife,² Wyeth said.
³It¹s encouraging to see Canada geese already using the ponds and cleared areas.³It¹s not possible to have no impact on the environment, but we can minimize it.
Victor Pipe Diamonds 300US per Carat
Victor pipe apparently has a mineable resource of 25 million tonnes, a
grade in the 0.2-0.3 ct/t range, and a published rock value of Cdn $94 per
tonne. Why is De Beers eager to develop Victor? The answer lies in the
quality of the diamonds, which the math says average around US $300 per
carat. That is a very high value. I have seen a photograph of all the
diamonds recovered from Victor laid out in dishes according to bulk sample
hole, and it was a dazzling sea of white. Victor's diamonds are top notch;
Kennady Lake's diamonds are a motley assortment with good white diamonds
showing up here and there. When Victor goes into commercial production the
recovered value will likely exceed the modeled value
DNI (Cdnx)Owns huge land position by the Victor Pipe in Ontario.
Chuck Flipke did a deal with DNI
DNI is a no brainer trading at 18 cents.
Dni also has Gold as old mine had .50oz to 9oz per tons from old mine working.Getting ready to drill there
Full page report about diamond project Monday
The Daily Press
Saturday, April 12, 2003 - 07:00
Local News - Daily Press readers will be treated to a gem of a story on Monday.
Staff writer Bruce MacKinnon has just returned from the De Beers diamond exploration project in the James Bay Lowlands and will be filing a special full page report on Monday.
MacKinnon's story is a true exclusive. He's the first reporter to ever be granted permission by De Beers to visit its much publicized Victor Project south of Attawapiskat.
There's still a lot of feasibility work to be done, but if all goes to plan, the Victor Project could result in Ontario's first diamond mine.
Additional special reports will be filed by MacKinnon in the near future.
ID- 28833
MTX & ADD
Ones to watch with CF involved
DDN looking very good today>
Drilling on Misty property started on Tuesday.
Maybe they HIT Kimberlite :)
Shareholders of MPV voice your concerns too TSE regulators
Quote from news release
"De Beers this year used a De Beers group composite of a year's production from kimberlite mines with wide ranges of production but similar dollar per carat values"
Who cares about De-beers Mines anyways it has nothing to do with a Canadian Mine or Canadian Diamonds.
De-beers Modeled Values are not the Canadian Standard for Diamond Values.If your a real shareholder start complaining to the TSE regulators.Lets get the real value of these diamonds and not De-beers way of South Africa Diamonds.If we do not get the real value then De-beers will drop another BOMB shell on us when Feasibility comes as now we are -23% of feasibility.I'm still fumed at the way Mountian Province Management is so Gullable to De-beers.
Rhonda Corporation did the right thing for there SHAREHOLDERS
Kensington Resources also Did the right thing for there SHAREHOLDERS
What about Mountian Province (they did nothing)for Shareholders
Send E-mails to here below and voice your concerns
http://www.tsx.com/
Canadian Standard for Diamonds
http://www.cim.org/committees/diamond_exploration_final.cfm
Very interesting indeed!
TSX VENTURE SYMBOL: GEM
APRIL 3, 2003 - 10:09 EST
Pele Mountain Cuts Wide Intersection at Cristal
TORONTO, ONTARIO--Pele Mountain Resources Inc. (TSX Venture:GEM)
("Pele") (the "Company") is pleased to announce that a wide
intersection in drill core has confirmed the continuation of
Pele's Cristal diamond occurrence ("Cristal") at depth. A single
drill hole successfully intersected a true width of 90 to 100
meters of the diamond-bearing volcanic unit. A total of 123
tonnes of diamond-bearing rock has been processed from Cristal to
date, including the 13 tonne sample that returned a 0.72 carat,
white, gem quality diamond, along with 38 other commercial size
diamonds as reported in Pele's press release dated January 22,
2003.
The drill hole was initiated and positioned so as to determine
the thickness and down-dip continuity of the Cristal diamond
occurrence. Logging of the drill core indicates that the
diamond-bearing unit was intersected at 21.5 metres and continued
to a depth of 142.3 metres except for an intersection of
brecciated mafic to intermediate rocks between 87.1 to 98.6
meters. The drill hole was angled at 45 degrees and intersected
bedding and lithological contacts at 75 to 85 degrees. Additional
intersections of facies of rock related to the diamond-bearing
units were observed from 191.5 to 198.5 metres and from 210 to
218.2 metres before the hole was stopped at 219 metres. The drill
hole is located north of the common property boundary between
Pele's Festival Property and the GQ Property and confirms that
the Cristal diamond occurrence is dipping to the northeast onto
Pele's Property.
Pele is a Canadian mining exploration and development company and
a leader in the search for economic diamond deposits in Northern
Ontario. Pele controls a 100% mineral rights interest in the 101
square km Festival Diamond Property, which is located 25 kms
north of Wawa. Pele also owns a 100% interest in two gold
projects in northwestern Ontario. This press release had been
reviewed and approved by Dr. Edward Walker, P.Geo, of PetroLogic
Inc., an independent consultant and Qualified Person.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Some
of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe Pele's
future plans, objectives or goals, including words to the effect
that Pele or management expects a stated condition or result to
occur. Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements.
None of the Company's properties have any known ore body of
economic or commercial value.
-30-
MPV news coming out
Either after close or with a halt in the morning.
Anybody see Aber's news today :) :)
I also got a position in Pele Need more results first.
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