InvestorsHub Logo
Post# of 45574
Next 10
Followers 0
Posts 689
Boards Moderated 0
Alias Born 01/12/2004

Re: None

Wednesday, 11/24/2004 9:53:12 AM

Wednesday, November 24, 2004 9:53:12 AM

Post# of 45574
East Side Diamond Property,Fort a la Corne,
Saskatchewan.

Forest Gate's East Side diamond property is situated at Fort à la Corne, Saskatchewan, location of the largest field of diamondiferous kimberlite pipes in the world. The property hosts the Dizzy kimberlite and is approximately four kilometres northeast of the De Beers-Kensington 140 - 141 kimberlite, one of the largest diamondiferous kimberlites in the world. Contiguous and roughly six kilometers to the south of the East Side property is Shore Gold's Star kimberlite into which a 4.5 metre vertical shaft has been sunk and on which a modular diamond recovery plant has been built.

Gravity and ground magnetic surveys over the Dizzy kimberlite suggest that the kimberlite may be as much as 100 metres thick. Modeling indicates that the Dizzy kimberlite footprint is probably around 250 metres in diameter (about 5 hectares in area) consisting of both magnetic and non-magnetic kimberlite.

Forest Gate has also identified a new anomaly straddling the southern border of its East Side property and the adjacent property held by Shore Gold Inc. Modeling suggests that this feature, if caused by kimberlite could be as large as 600 metres north-south by 400 metres east-west.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.