Shane Resources Ltd (fka SEIH.V)

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DIAMONDS IN SASKATCHEWAN

The Company has acquired approximately 230,000 acres within the Fort a la Corne and White Gull districts of Saskatchewan. The Fort a la Corne district contains one of the largest known clusters of diamondiferous kimberlite pipes in the world. The Monopros(Debeers) joint venture has spent in excess of $20,000,000 on exploration and have identified 57 diamondiferous kimberlite pipes. At least one of these pipes contains up to one billion tonnes of material. The White Gull district also contains a number of diamondiferous kimberlites. Airborne magnetic surveys have been the primary exploration tool utilized in this area and have been successful in locating kimberlite pipes. Shane has obtained airborne magnetic data over portions of its properties that contain a number of anomalies interpreted to be kimberlites. Ground geophysics will be utilized to prioritize drill targets and drilling will follow.


WHY DIAMONDS IN SASKATCHEWAN ?

- One of the largest known kimberlite clusters in the world.
- 130 of the 2000 kimberlite pipes known worldwide are macro-diamond bearing. 23 of these are located in the Fort a la Corne district of Saskatchewan.
- 80% of Saskatchewans' kimberlite pipes are diamondiferous.
- 50% contain diamonds over one millimeter in size.
- A high percentage of diamonds recovered are clear, inclusion-free and exhibit good crystal form.
- Pipes said to have erupted under inland sea and therefore have not been exposed to weathering or glaciation.
- Pipes lie within 300 feet of surface.
- Area accessible by paved all-weather road, with water and power readily available.
- Studies indicate cash operating costs of $10.50 per tonne, including overburden removal.
- Saskatchewan government encourages mining in the province.
http://www.shaneresources.com/diamonds_in_saskatchewan.htm