Star Diamond Project core drilling intercepts second kimberlite feeder pipe
Tuesday October 18, 9:07 am ET
Stock Symbol: SGF: TSX
SASKATOON, Oct. 18 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce that a Cantuar Kimberlite feeder vent has been intercepted by the prefeasibility study core drilling program on the Star Diamond Project. This Cantuar feeder vent was located in drill hole SPF-088, which is situated within the Star Kimberlite, some 500 metres southeast of the shaft. The sequence of kimberlite types encountered in this hole, as determined by detailed core logging by Shore Gold's on-site geologists, is as follows: 125 - 129 metres Late Joli Fou Kimberlite, 129 - 183 metres Early Joli Fou Kimberlite and 183 - 375 metres Cantuar Kimberlite. The Cantuar Kimberlite is the earliest known kimberlite eruptive phase at Star and is characterized by abundant coarse olivine macrocrysts, indicator minerals and peridotite and eclogite xenoliths. The shape and internal structure of this Cantuar feeder vent will be further investigated by 30 metre step-out drill holes, which will commence as soon as the environmental permitting for these holes has been completed.
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Senior Vice President Exploration, George Read, states: "The location of this Cantuar feeder vent has significant upside for the economics of the Star Diamond Project. While the Cantuar Kimberlite exhibits many characteristics associated with diamondiferous kimberlites, the actual diamond grade of the Cantuar Kimberlite will be tested by mini-bulk samples recovered from the large diameter drilling program. The prefeasibility study core drilling program is proceeding on schedule and more than 90 holes have been completed to date, with just over 20,000 metres drilled. Substantial intersections of coarse grained Pense Kimberlite have been encountered on the east side of Star and this Cantuar feeder vent gives Shore geologists great incentive to attempt to locate a Pense Kimberlite feeder."
The prefeasibility study on Star, with a budget of approximately
$44 million, is now the largest work program outlined for any of the Fort a la
Corne kimberlites. The aim of the prefeasibility study is to define a National
Instrument 43-101 compliant mineral reserve for the Star Kimberlite. Senior
Vice President Exploration, George Read, Professional Geoscientist in the
Provinces of Saskatchewan and British Columbia, is the Qualified Person
responsible for the verification and quality assurance of analytical results.
Shore is a Canadian based corporation engaged in the acquisition, exploration
and development of mineral properties. Shares of the Company trade on the TSX
Exchange under the trading symbol "SGF".
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