Hello Valuepro
***Off The Wire***
Twin Mining increases Jackson Inlet land position by 50%.
TORONTO, April 25 /CNW/ - Twin Mining Corporation ("Twin Mining")
(TWG - TSE) is pleased to report it has staked 32 new claims on significant
potential kimberlite targets on the Brodeur Peninsula, Baffin Island, Nunavut.
The new claims cover a total area of 82,640 acres (334sq.km) and bring
Twin Mining's 100% owned land holdings to 111 claims on 989sq.km. The new
claims are located north and south within 100km of the Freightrain pipe (see
location map on TWG website).
Target selection for the staking of the new claims was established on the
basis of regional structures similar to those that are believed to control the
Freightrain and Cargo1 pipes.
Both, the Freightrain and Cargo1 pipes, occur on a 30-kilometer long
corridor (Freightrain Corridor) which also hosts an additional nine major
magnetic anomalies slated to be drilled as part of the 2002 exploration
program. All of the known pipes occur at the intersection of major structures.
Based on geological evidence regional deep-seated structures are inferred to
underlie the area that forms the Brodeur Peninsula Plateau, which rises 300
meters above the surrounding sea.
Mr. Dallas Davis, P.Eng., Twin Mining's Exploration consultant, states:
"Twin Mining has discovered an important diamondiferous kimberlite field which
has significant expansion potential and has already attracted senior diamond
explorers such as De Beers and Kennecott into the area". Mr. Dallas Davis is
Twin Mining's "Qualified Person" as defined by National Instrument 43-101.
Twin Mining is considering entering into joint ventures with other
diamond exploration companies for the exploration of the newly staked claims.
Twin Mining will continue to explore and retain a 100% interest in its initial
claims (655sq.km).
Twin Mining, in addition to exploring the Jackson Inlet diamond project
on Baffin Island and the TORNGAT diamond project on the east side of Ungava
Bay in northern Québec, also holds a gold mining project in Idaho, United
States of America.
Regards
Vaughn |
