Stil think Ice property is big deal. <>
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This is big, Skeena is finally going to check the dirt,
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A field program of additional stream sediment sampling to delineate previously obtained positive indicator minerals
anomalies will commence next week.
They should be out in the field NOW.!!!
April 15, 1999
Trading Symbol SKE:VSE
Option agreement on claims in British Columbia.
Mr. Ronald K. Netolitzky, Chairman of Skeena Resources Limited, and Mr. Paul Saxton, President of Quest
International Resources Corporation, are pleased to announce an option agreement whereby Skeena may earn up
to a 75% interest in Quest's Ice Claims located in the Elk Valley of southeastern British Columbia. The principal
target is diamonds. Terms of the agreement, which is subject to regulatory approval, call for exploration
expenditures of $750,000, cash payments totaling $150,000, and the staged issuance of 500,000 common shares
of Skeena Resources Limited in order for Skeena to become fully vested. Skeena will be the operator. A finder's
fee is payable to a non-related party in respect of the agreement.
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August 20, 1999
Trading Symbol SKE:VSE
Micro-diamond results from Ice claim Project, B.C.
Skeena Resources Limited is pleased to announce micro-diamond analytical results from its Ice Claim Project
located at Elkford in southeastern British Columbia. The samples were collected prior to Skeena's involvement in
the project and have recently been processed by Lakefield Research Limited using a caustic dissolution technique.
A total of six white, transparent, well-preserved micro-diamond fragments were obtained from 177kg of
weathered, highly carbonate-contaminated, surface material from the "Bonus" kimberlite pipe. The Bonus pipe
had not previously been bulk-sampled except geochemically for diamond indicator minerals.
One white, transparent, well-preserved micro-diamond was obtained from 89 kg of weathered, highly
carbonate-contaminated, surface material from the "Ram 5" kimberlite. In 1996, a bulk sample from this pipe
yielded three good quality, clear, tetrahexahedron macro-diamonds weighing 0.255 carats from 35 tons of
material of which at least 95% was non-kimberlitic. The extraneous material comprised either slough from the
hanging-wall of the pipe, collapse breccia from an over-lying crater facies, or included wall-rock brought up by
the pipe's intrusion through several thousand feet of carbonate-sequence rocks.
No micro-diamonds were recovered from 89 kg of material from the "Ram 6" pipe. In 1996, a 20 ton bulk
sample, similarly contaminated and comprising 90 or 95% non-kimberlite material, yield 3 poor quality
macro-diamonds, the two largest stones weighing a combined 0.23 carats.
Kimberlite indicator minerals were abundant in concentrate recovered from the trench material of all three
exposed pipes in the 1996-97 sampling program. To date, a substantial number of G9 and G10 garnets,
chromites having diamond inclusion field compositions, and attractive picro-ilmenites have been identified. The
compositions suggest the possibility of diamonds from both garnet-harzburgite and chromite-harzburgite sources
may be present. Appreciable numbers of small xenoliths of mantle peridotite and eclogite were also recovered,
especially from the Ram 5 locality.
The exposure of these three kimberlitic intrusives on a steep side-slope appears to preclude obtaining a quality
bulk-sample by surface trenching. In order to better understand the extraneous material included in these pipes,
and to better examine their contacts, a core drilling program will now be proposed.
A field program of additional stream sediment sampling to delineate previously obtained positive indicator minerals
anomalies will commence next week. |
