Waited one more year to heard about Diamonds at ice.
sure is talking time to get to the bottom of that ice property.
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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.
Skeena can earn up to a 75% interest in the Ice Claim option and the remaining 25% is available to the Company
for purchase upon completion of a feasibility study.
In the Baie Verte District of Newfoundland, line-cutting has been completed on Skeena's Rambler Brook South
gold exploration project. A ground geophysical (induced polarization) survey will commence before the end of
August, and a program of geochemical sampling, prospecting, and trenching will be undertaken upon completion
of the geophysics.
For further information, please contact Rupert Allan or Bonnie Whelan at (604) 684-8725.
On Behalf of the Board of Directors
SKEENA RESOURCES LIMITED
J.Rupert Allen, President & CEO
The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.
any way, this is not going to help Standard, maybe a gold stock rally ahead, I am just going to sit back and relax.
have the stock, that's all I know, hope someday, I can get some of my money back. I am in toooooo deep on this oneeeee.
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