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Gold/Mining/Energy : MILL CITY MIY-V
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To: VAUGHN who wrote (487)6/25/1999 12:35:00 AM
From: Hugh M.  Read Replies (1) of 707
 
Judging by the lack of apparent commitment by SUF to the NWT play, I wonder if we will see much activity up there this year. At SUF's AGM, it would appear Yamba is not their top priority. At least someone is giving updates from Yamba.

Hugh

Tanqueray Resources Ltd
TQY
Shares issued 24,036,111
1999-06-08 close $0.17
Wednesday Jun 9 1999
An anonymous director reviews the company
Following the completion of a 8,000-line-kilometre helicopter-mounted magnetic
and electromagnetic airborne survey, a diamond drilling program commenced in
April to test geophysical targets indicative of kimberlite pipe intrusions. To date,
over 30 geophysical targets identified by the new airborne survey have been
followed-up with ground magnetic and electromagnetic (HLEM) surveys. Ground
geophysical surveys are currently in progress.
Nine diamond drill holes have been completed. Five new targets were drilled and
four holes tested the previously discovered Ptarmigan and T-10 pipes. One drill
hole tested the Ptarmigan kimberlite pipe and three drill holes tested the T-10
kimberlite pipe. Kimberlite was intersected in all four drill holes and, upon
completion of core logging, samples will be submitted for the recovery of
microdiamonds.
Drill testing of the five new targets has resulted in the discovery of one new
kimberlite body (S141).
Forty-four per cent of the chromites recovered from the Ptarmigan pipe occur
within the diamond stability field, suggesting that the diamond potential for this
kimberlite is good.
Processing of the geophysical data from the airborne survey is in progress and
final maps should be available in three weeks. Final data may increase the
possibility of identifying more kimberlite targets.
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