Preliminary Results from TORNGAT Mini-bulk Sample 1-22-01
biz.yahoo.com The discovery of
these macros are encouraging, but we din't get the Ct/ton or valuation
$/Ct. We still don't know if this ore is economical to mine.
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Preliminary Results from TORNGAT Mini-bulk Sample
TORONTO, Jan. 22 /CNW/ - Twin Mining Corporation ("Twin
Mining") (TWG - TSE) is pleased to announce that preliminary results
from the processing of mini-bulk sample A (96 tonnes) at site location
AD2 produced to date already a gem quality stone of 0.685 carat (4.6
x 4.2 x 3.54 mm), which is 340% larger than the largest stone
recovered previously from the same sample site (see also release of
August 29, 2000). The primary objective of the mini bulk samples was
to prove the large TORNGAT dyke system produces larger gem
quality diamonds with increasing sample size at a specific sample site.
Summary of the largest diamonds recovered to date from sample A:
Diamond size mm Diamond weight carat
4.60 x 4.20 x 3.45 0.685
4.97 x 3.87 x 3.40 0.566
3.33 x 2.49 x 2.30 0.229
2.69 x 2.63 x 2.10 0.143
2.58 x 2.39 x 2.00 0.140
2.45 x 2.17 x 1.70 0.070
2.98 x 2.21 x 1.90 0.086 fragments of same diamond 2.65 x 1.29 x
1.30 0.034
All reported diamonds are of gem quality, white and transparent.
Final diamond recoveries for sample A and the other mini bulk samples
C and NN are expected within the first quarter 2001. Process
development at Lakefield Research Limited for the diamond extraction
from the diamondiferous kimberlite is progressing well.
Twin Mining Corporation is also pleased to announce that Mr. Gerard
E. Munera has agreed to join the Board of Directors.
Mr. Munera is a former president and CEO of Minorco (USA), a
Senior VP Corporate Planning and Development and Member of the
Executive Committee of RTZ and CEO of Union Minière (Brussels).
His extensive business experience of over 40 years includes
chairmanships and directorships of senior and junior, private and public
companies in the U.S., South America, Australia and Europe.
At the same time Twin Mining wishes to announce the retirement of
Frank L. Davis from the Board and would like to express its gratitude
for the contributions he made.
Twin Mining, in addition to exploring the TORNGAT diamond
prospect on the east side of Ungava Bay in northern Québec and the
Jackson Inlet diamond project on Baffin Island, also holds a gold mining
project in Idaho, United States of America. |
