Most unfortunate!
Darnley Bay abandons Thrasher well
Darnley Bay Resources Ltd DBL
Shares issued 20,373,965 Jun 26 close $1.10
Tue 27 Jun 2000 News Release
An anonymous director reports
The company reports that technical problems in drilling diamond drill hole
No. 1 on the Thrasher zone target forced abandonment at a depth of 1,812
metres (5,945 feet). The upper contact of the anticipated intrusive
expected at 1,500 metres was not indicated or believed even proximal in the
recovered core to the final depth. Consequently, the company plans to leave
the drill on-site pending further computer modelling and deep penetration,
geophysics (magneto tellurics) on the other six targets.
In the interval, the company plans to accelerate interest on the entire
(40,000-square-kilometre) project area diamond potential where already one
diamond field with with two indicated pipes has been identified from till
sampling and ground magnetic surveys. Reverse circulation drilling,
trenching and sampling are anticipated while regional heavy mineral
sediment sampling and further airborne and ground magnetics are also
planned.
Further drilling on the polymetallic targets will await the revised
interpretations based on the lithological and structural information gained
from the first hole.
Core logging to date reveals the following:
metres
Overburden 0 to 32
Cretaceous sandstones
and siltstones 32 to 137
Cambrian to Ordovician
dolomite 137 to 965
Cambrian mudstones,
siltstones, sandstones
and quartzite 965 to 1,168
Precambrian mudstones 1,168 to 1,812
End of hole
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com |
