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Gold/Mining/Energy : TWIN GOLD -TWG on tse

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To: alan holman who wrote ()5/2/2000 2:08:00 PM
From: don jackson  Read Replies (1) of 577
 
TORONTO, April 13 /CNW/ - Twin Mining Corporation ("Twin Mining")
(TSE:TWG) is pleased to announce that kimberlite similar to that previously
sampled at TORNGAT 1 and 2/3 has been verified at several points along the
magnetic anomaly trend which reflects a more than 22 km principal dyke system.
During helicopter-supported site selection for extraction of the multiple
10-tonne samples currently being extracted, coarse-grained kimberlite was
found for the first time 5 km northeast of TORNGAT 1 and 2/3 in two 0.7 m to
1.3 m wide dykes along the prominent aeromagnetic anomaly which reflects the
principal dyke system. These two near vertical dykes are approximately 15 m
apart and, where they appear to converge, are interpreted from ground
magnetics to be 2 m to 3 m in width.
South of Alluviaq Fjord, along the 4.2 km most strongly anomalous portion
of the system, investigative pitting at one site, chosen because of relatively
little snow cover, has exposed coarse-grained kimberlite in a 3 m excavation
across the dyke. The magnetic expression on the airborne survey map is
narrower at this mid-point site than to the north or south. This width is more
than 3 times that of South African dykes currently being mined. Dallas Davis,
Director - Diamond Mining for Twin Mining, has named it the "Kakivuq" zone
after the Inuit name for "a fishing spear, as the magnetic anomaly shows a
straight and unbroken length which is visible from an elevated point and
characterized by a widening at the base of two northerly prongs".
Activities on the TORNGAT diamond property are progressing, with the
first sample being excavated on TORNGAT 1 followed by TORNGAT 2/3. A
representative of MPH Consulting has visited the property and initial sample
transit point of Kangiqsualujjuaq to assure and control quality and the
integrity of the samples at all times from their excavation to the processing
site in Saskatoon.
Twin Mining, in addition to exploring the diamond prospect on the east
side of Ungava Bay in northern Qu‚bec, also holds a gold mining project
containing reserves of one million ounces of gold and 3.2 million ounces of
silver in Idaho, United States of America."
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