i am confused why WE went down on their news, when they went UP????? I was kind of glad to see the shake so i could buy more (up to 23.5 million now from 12.5 million), and I know it was MM's trying to bring it down with a little help from panic sellers
CMKM DIAMONDS INC (U-CMKX) - News Release CMKM, US Canadian have Saskatchewan diamond results CMKM DIAMONDS INC CMKX Tuesday June 15 2004 News Release Also US Canadian Minerals Inc (U-UCAD) News Release
Mr. Rick Walker of United Carina and Consolidated Pine reports United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. have provided results from the companies' Smeaton, Sask., area property. The property is currently owned jointly by United Carina and Pine Channel, with CMKM Diamonds Inc. (OTC-BB: CMKX) and U.S. Canadian Minerals Inc. (OTC-BB: UCAD) each earning a 25-per-cent interest. The 25-per-cent interests will be earned by CMKM Diamonds and U.S. Canadian Minerals each providing $50,000 (U.S.) and each financing $200,000 worth of exploration on the 27-claim property. CMKM Diamonds is the operator of the property, and has provided results of caustic fusion diamond analyses performed by Saskatchewan Research Council (SRC) at its laboratory in Saskatoon, Sask. SRC is certified under ISO-17025 (minerals). The results are for holes No. 1 and No. 2. Five holes were drilled in this phase of drilling, of which four intersected kimberlite. Two diamonds were retained on the 106-micron screen in sample No. 5, from hole No. 1, representing an interval from 190.0 metres to 210.4 metres depth and weighing 40.10 kilograms. The dimensions of the two stones are 0.22 millimetre by 0.14 mm by 0.10 mm, and 0.20 mm by 0.12 mm by 0.10 mm. Their combined weight is 0.001 milligram. The samples are of split NQ core (nominal diameter 47.6 mm), and the other half of the core has been retained in a secure warehouse. The rock is a medium-to-coarse-grained pyroclastic kimberlite. No diamonds were recovered from 11 other samples. The other two holes that also intersected kimberlite have not been sampled. The operator intends to have these holes sampled and tested for diamonds. Only two holes were initially tested because of the cost -- in this case, $30,000 for the first two holes. Now that the kimberlite has been shown to be diamondiferous, further testing for diamonds is warranted. The operator has named this kimberlite the Carolyn kimberlite. It was first intersected in 1996, but not fully tested at the time. Since then, it has sometimes been referred to as the Smeaton kimberlite, although that term has also sometimes been used to refer to the entire trend of kimberlite in the Fort a la Corne area of Saskatchewan, or used as a type of designation. The Smeaton property contains several other targets which the operator intends to drill test when weather conditions allow. Results from the further lab tests of core from the Carolyn pipe will be released when received. Elsewhere in the Fort a la Corne area, the companies participated in financing an airborne magnetic survey which consisted of over 50,000 line kilometres. Results from the survey are pending, and ground-proofing of anomalies will be carried out this summer, with a drill program to be conducted on any targets of merit. The next immediate target to be drilled in which the companies have an interest is a non-magnetic resistivity anomaly that was outlined in a survey conducted by Furgo, and which the companies are each earning a 10-per-cent interest from CMKM Diamonds. The target is located in the main Fort a la Corne trend of 70-plus kimberlites, and was undetected in the past because of its non-magnetivity. Other kimberlites in the area have been shown to be very low to non-magnetic, but very few of these targets have ever been drill tested. The companies will be participating in an aggressive diamond exploration program in the Fort a la Corne area of Saskatchewan well into the foreseeable future. Ralph Newson of Saskatoon is the qualified person in this project.
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