Attention Business Editors:
Shore Gold Inc. - Star kimberlite progress report-first PQ drill hole complete
SASKATOON, June 15 /CNW/ - Jonathan Challis, President, is pleased to
report that the first large-diameter core drill hole (3.35 inches diameter)
has been completed on the Company's 100 percent-owned Star kimberlite. Drill
hole Star 016P was collared midway between Star 004 and Star 007, which both
intersected in excess of 100 metres of kimberlite. The large-diameter hole
intersected 134.6 metres of kimberlite, much of which was a medium to
coarse-grained macrocrystic kimberlite. This is the thickest continuous
kimberlite intersection encountered on the property to date. The core from
Star 016P has been logged and small representative samples are being taken,
after which, the core will be sent to an independent laboratory in Thunder
Bay, Ontario for total diamond recovery by caustic fusion.
A total of approximately 1.5 tonnes of core samples, from the NQ-size
delineation drill holes previously completed, have been shipped to this
laboratory for treatment by caustic fusion and diamond recovery. Results are
expected from this work within the next three to six weeks.
A total of 21 diamond drill holes (16 of which have been drilled this
year) have now been completed on the Star kimberlite, all having intersected
kimlerlite. The depth of overburden encountered in these holes varied between
75.3 metres and 110 metres, with an average depth of 90 metres. The kimberlite
sequence (including intra kimberlite sediments) varied in thickness from 30.5
metres to 145.1 metres (averaging 78 metres), whilst the thickness of the
continuous kimberlite varied between 2.4 metres and 134.5 metres (average 60
metres). It is encouraging to note that the thickest intersections of
kimberlite coincide with the thinnest overburden encountered on the property.
Further PQ drilling is planned on the Star kimberlite once the company
has had the opportunity to review the results from the drilling program.
The Star kimberlite is located 60 km east of Prince Albert, Saskatchewan
and is a diamond-bearing kimberlite covering a surface area measuring at least
2.0 km by 1.5 km.
Shore is a Canadian-based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the Canadian Venture Exchange under the trading symbol ``SGF''.
``The Canadian Venture Exchange has neither approved nor disapproved the
information contained herein.''
-0- 06/15/2000
For further information: Canada: Kenneth E. MacNeill, CEO at (306) 664-2202 or Doug Ramshaw at (604) 633-1198;
Europe: Jonathan Challis, President at 011-44-1732-465174 |
