How about some deep holes on the Star Kimberlite in which Claude has an interest? (900,000 shares)
biz.yahoo.com
Related Quotes
SGF.V
0.75
+0.24
Friday January 19, 10:05 am Eastern Time
Press Release
SOURCE: Shore Gold Inc.
Shore Gold Inc. - Star Kimberlite Project- Drill Program Update - Star 020 Intersects a Spectacular 539 Metres of Kimberlite
Stock Symbol: SGF: CDNX
SASKATOON, Jan. 19 /CNW/ - Jonathan Challis, President, is pleased to report that a further four NQ sized diamond drill holes have now been completed as part of the 2000/01 Phase Two drill program.
This part of the program is designed to test the continuity of the kimberlite body outside the existing defined boundaries of the deposit, as well as to provide additional geological information on certain areas within the drill defined kimberlite structure where geophysical modeling indicated possible locations for the diatreme/root portion of the Star Kimberlite.
Results for the first three holes of this program (Star 017, 018 and 019) were given in a news release dated January 16th. The fourth hole, Star 020 was collared approximately 150 metres west of Star 004, intersecting 539.4 metres of kimberlite and was terminated in kimberlite at a depth of 627 meters. This represents the thickest intersection of kimberlite ever drilled in Saskatchewan and North America.
It would appear (following a preliminary logging of the core) that Star 020 has been drilled into a feeder zone of the pipe as evidenced by diatreme lithologies and abundant large, mantle derived xenoliths, pyrope and ecologitic garnets. The core displays uniform diatreme textures throughout the lower portions of the hole.
Shore is very excited by this intersection and its characteristics; and the implications for the potential of the area and the Star Kimberlite in particular. As a result of this spectacular intersection, the Company now plans to drill additional holes in the vicinity of Star 020, including at least one PQ sized hole (3.35 inch diameter) to better define the dimensions of the feeder zone and to collect a larger sample for diamond extraction studies.
The fifth hole, Star 021 was collared approximately 750 metres southeast of hole 96-4 to test a structure that did not appear to be part of the main Star Kimberlite body and intersected 1 metre of kimberlite. Star 022 and 023 were collared approximately 125 metres east of Star 007 and 200 meters south of Star 013, (within the main body) intersecting 126.2 metres of kimberlite and 90.5 meters of kimberlite, respectively.
The Star Kimberlite is located 60 km east of Prince Albert, Saskatchewan in one of the largest diamond-bearing kimberlite fields in the world.
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 not reviewed and does not accept responsibility for the adequacy or accuracy of this release"
For further information
Canada: Kenneth E. MacNeill, CEO, (306) 664-2202
Europe: Jonathan Challis, President, 011-44-1732-465174 |
