Fri 19 Sept 97 In the News
The Financial Post says in its Friday edition that if you missed the
Alberta diamond play, here is one that is not as hot: the Greenland diamond
play. Reporter John Schreiner says that it only involves a handful of
companies listed on Canadian exchanges, often with inter-related directors.
All except Dia Met Minerals are trading at close to their 52-week lows. The
Greenland play is at a very early stage. Little drilling has been done and
no kimberlite pipes have been found. Kimberlite boulders, however, have
been found, two of which contained diamonds, and there are plenty of
indicator minerals. Rather than quarrel about overlapping claims, Platinova
Resources invited Fjordland Minerals to earn a 50 per-cent interest in
about a third of the Platinova ground. Major General Resources president
Richard Atkinson formed Fjordland as a new company for the Greenland
program. Dia Met says that chairman Charles Fipke's sampling in Greenland
detected kimberlite indicator minerals at least as favourable as in the Lac
de Gras discovery in the Northwest Territories.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
It seems as if the majors like De Beers, Dia Met and Aber plus juniors such as Lexam and Fiordland have already staked properties in Greenland.
Does anyone have any information about a timeframe or schedule for work to be done by these companies on their Greenland properties? |
