Hello Vaughn,
I waited for you folks to post this last week, but I don't think anyone did. The details of this release were confirmed by Lee Barker ( I think) when someone in the audience asked for details of Munn Lake exploration.
Island-Arc Resources Corporation -
Island-Arc exploration results from Munn Lake
Island-Arc Resources Corporation IAR
Shares issued 11,929,971 1999-06-15 close $0.22
Wednesday Jun 16 1999
Mr. Lawrence Barr reports
The recent news releases by SouthernEra Resources on its Munn Lake diamond project has confirmed the discovery of a new diamond-bearing kimberlite in the Northwest Territories. The important points are:
The Munn Lake kimberlite is a tabular body called a sill that trends to the north-northwest and dips approximately 30 degrees to the east.
The area in Munn Lake in which the discovery was made is a nearly enclosed shallow bay approximately two kilometres in width and two kilometres long (1 1/4th miles by 1 1/4th miles).
The 14 diamonds recovered from only a 42-kilogram sample of drill core (92-pounds) are statistically equivalent to the diamond count from the Yuryi kimberlite boulders on the shore of the bay.
The kimberlite sill is clearly the source of the Yuryi boulders since they both have 40 per cent G-10 garnets, identical chromite chemistries, and each carry diamonds.
The kimberlite sill drilled to date is at least 350 metres long, 0.25 metres to 12.0 metres thick, and 115 metres in width (down dip) and remains open to the north, south and down dip.
One drill hole kimberlite intersection lies within 50 metres of the south shore.
The kimberlite sill can be projected 1,100 metres (three-quarters of a mile) to the north shore of the bay where an indicator mineral train occurs that could be derived from the kimberlite body.
This projection follows a chromium anomaly found in a lake bottom sediment survey.
The kimberlite sill can also be projected to the south shore of Munn Lake where more mineral indicators are found.
At this time SouthernEra continues to review the drill results in conjunction with the past geophysical and lake bottom geochemical data with a view to designing the next phase of drilling; possibly followed by a mini-bulk sample. This program would have two objectives. First, the drilling would test the northern and southern projections of the kimberlite sill along strike to better define its tonnage potential. Secondly, the mini-bulk sample will test for large diamonds and provide a preliminary diamond grade potential of the kimberlite sill.
The Back Lake property is 50 kilometres east of the Winspear Resources' Snap Lake diamond discovery.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
Now Vaughn,...I know its not Yamba,...but its Canadian exploration. I haven't seen this release in print from SUF yet. I wonder what is going on?
regards, russett |
