Alkane Inc (ALKN)

[DueDillinger]

New Blue Ribbon Alberta JV sampling yields no diamonds

Mr. Larry Kryska reports New Blue Ribbon has received the following information pertinent to the exploration program on its joint ventured (Montello Resources Ltd. and Redwood Resources Ltd.) Legend property in Northern Alberta.

Thirty-eight samples were collected contiguously throughout the drill core sampling the kimberlitic breccias. Nineteen samples were submitted for caustic fusion and the extraction of diamonds to the Saskatchewan Research Council in Saskatoon. Nineteen comparative check samples were sent for analysis to Lakefield Research Ltd. of Lakefield, Ont. The total weight of both sample groups was approximately 170 kilograms (85 kilograms being submitted to each laboratory). None of the 38 samples yielded any microdiamonds or microdiamonds.
Larry Kryska, president of New Blue Ribbon, observes: "Despite the fact that the Kendu kimberlite breccia had a most encouraging petrography and mineralogy, this particular kimberlite appears not to have tapped a diamondiferous sector of the mantle. However, there are still a number of interesting and similar targets that remain untested in the Legend district. New Blue Ribbon will continue to investigate the other anomalies during the coming spring and summer seasons."

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