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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE
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To: Claude Cormier who wrote (208)6/14/2000 3:22:00 PM
From: Condor  Read Replies (1) of 221
 
I'd have to assume it was a bust for the most part.

Darnley Bay drilling continues on Thrasher zone
Darnley Bay Resources Ltd DBL
Shares issued 20,373,965 Jun 13 close $1.70
Wed 14 Jun 2000 News Release
Mr. Leon La Prairie reports
Drilling is continued on the Thrasher zone with the expected target being a
mafic-ultramafic igneous intrusive, the host rock for major deposits of
nickel, copper and platinum group elements. The current drilling, at about
1,500 metres, has not yet intersected the target. The advice of
geophysicists and other consultants is to continue drilling to the capacity
of the rig (2,000 metres). Geological and structural information obtained
from the drilling will assist the company in the selection of future drill
sites.
Although not contemplated by the company in its initial exploration
objective, current exploration revealed several interesting magnetic
anomalies which strongly suggest the presence of kimberlite, the host rock
for diamonds. This possibility is supported by a number of till samples
collected last fall which were analyzed by De Beers, disclosing kimberlitic
indicator minerals and two diamonds. The company recently conducted ground
geophysics on two specific sites and found strong evidence for the presence
of kimberlite pipes. The company plans drilling these targets and believes
that there is an excellent chance of finding diamondiferous pipe locations.
The company is proceeding on both exploration fronts.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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