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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: GWalker who wrote (287)9/1/1999 2:28:00 PM
From: Chuca Marsh  Read Replies (1) of 407
 
I am surprised, black magnetic ( I assume it is magnetite and thus easy magnetic seperations) sands. This COULD also allow for multiple ELEMENTS testing and SEMs as others in Canada are starting to use the Moon Rock Tech- Induction Coupled Plasma Microscophy.
RE NEWS:
New Blue Ribbon Resources Ltd -
New Blue Ribbon progress on Pelican Mountains exploration
New Blue Ribbon Resources Ltd NBL
Shares issued 7,994,812 1999-08-31 close $0.15
Wednesday Sep 1 1999

Mr. Larry Kryska reports
The company has received the following exploration update at its Pelican Mountains block, from project operator, Dahrouge Geological Consulting Ltd.
Among other aeromagnetic targets, ground follow-up of a closed space cluster has identified the presence of a heavy-mineral beach and deposit. The linear deposit outlined by aeromagnetics covers an area of about 1,800 metres by 400 metres and is within an uplands area of the Pelican Mountains. Prospecting and hand trenching along the southern flank of the anomalous area identified both transported and in situ occurrences of a black, massive, indurated heavy mineral sand.
Visual examination indicates that the material is composed of approximately 80 per cent dark opaque oxide minerals. Further geochemical and mineralogical testing of material recovered from the trenching program is under way to investigate the composition and potential economic significance of the discovery. The company is optimistic that the extensive area of anomalous aeromagnetics is representative of that material identified in the hand-trench.
Modern day and fossil marine beach placers are sources of heavy minerals such as magnetite, ilmenite, rutile and zircon. Monazite (rare earth, thorium, phosphate silicate), precious metals and gemstones may also be present within these deposits. These deposits have a global distribution with significant producers in Eastern and Western Australia and the Southeastern United States.
Terraquest Ltd. is currently completing the HRAM survey over the western portion of the Pelican Mountains block. Additional potentially kimberlitic aeromagnetic targets within the eastern portion of the block are being followed-up by ground magnetics and indicator sampling.

canada-stockwatch.com

Chucka
SEE Map at BMD and NBL:
newblueribbon.com
newblueribbon.com
Pelican Mountains Block - Calling Lake
The Pelican Mountains block comprises 450,000 acres and is located 90 km north of the town of Athabasca in north central Alberta. The block is underlain by the Buffalo Head Craton. The recent success of Ashton Mines and Kennecott in their discovery of Diamondiferous Kimberlite pipes has demonstrated the potential of the Buffalo Head Craton to host primary diamond deposits. Infrastructure in this area is considered excellent and the property is road accessible year-round.

The recent discovery of highly anomalous concentrations of diamond indicator minerals (including a macrodiamond) near Calling Lake suggests excellent potential for a major discovery. The Pelican Mountains block is located contiguous and up ice of the macrodiamond discovery site. Recent analysis of diamond indicator samples by the Alberta Geological Survey identified among others , two anomalous sites within the immediate vicinity of the properties. Till sample NAT-95-129, within the Pelican Mountains property contained G1 and G10 garnets, while till sample NAT-95-126 (Calling River) 25 km south of the Pelican Mountains property contained G2, G5, G7, and G11 garnets. Sampling of drainages originating within the Pelican Mountains Property by the Company (fall of 1998), identified numerous diamond indicator minerals, including G9 and G10 garnets; as well as, diamond inclusion quality chrome diopsides. This indicates that many of the indicator minerals located to date in the Calling Lake-Pelican Mountains area are sourced from or within the immediate vicinity of the Companies Pelican Mountains properties and provide evidence of potential diamond bearing Kimberlite pipes.

The Geological Survey of Canada (1952) aeromagnetic survey map for the area covering the Pelican Mountains and Sandy Lake properties shows at least fourteen circular to elliptical one or two line magnetic anomalies which follow a northwesterly trend. At least seven magnetic anomalies lie within the property boundaries, they are approximately 500 - 1000 metres in diameter, and have amplitudes between 1,300 - 1,580 nT. Furthermore, drift thickness within the area of the Pelican Mountains varies from bedrock exposure to only a few tens of metres.

An intensive exploration program comprised of a 200 metre line spaced high-resolution aeromagnetic survey, ground magnetics, till sampling and prospecting is currently underway. This program is designed to advance the program to the drill ready stage by the fourth quarter of 1999.
birchmountain.com
mainly at :
birchmountain.com
See the 90 degree turn in the Athabasca River, now look above at NBL site Map. RE: Calling Lake and Pellican Mtn Block are at the Turn, I believe.
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