Must be "Diamond" week ...
Diamonds North receives Blue Ice, Washburn results
Diamonds North Resources Ltd DDN
Shares issued 10,001,033 Sep 4 close $0.37
Thu 5 Sept 2002 News Release
Mr. Bernard Kahlert reports
DIAMONDS NORTH DEMONSTRATES HIGH DIAMOND POTENTIAL FOR VICTOR ... Diamonds North has received results from evaluation of diamond recoveries on its Blue Ice and Washburn projects on Victoria Island, Nunavut. The evaluation incorporates information and diamonds obtained from De Beers Canada Exploration on kimberlite on the Washburn and Blue Ice projects previously not published. Blue Ice project A review of geophysics, microdiamonds and previous drill hole logs for the large Snow Goose kimberlite suggests the presence of two separate and discrete kimberlite bodies. Two previous drill holes intersected kimberlite with the first hole intersecting a circular pipe-like body and the second intersecting a more elongate kimberlite named the Gosling kimberlite. A third hole drilled between the other two holes intersected country rock and no kimberlite, indicating that the two kimberlites are separate bodies. Significant diamonds were returned from the Gosling kimberlite. The vertical core hole encountered kimberlite from 16 to 110 metres depth, including several one- to three-metre country rock xenoliths below 70 metres. A total of 151 kilograms of processed kimberlite yielded 52 microdiamonds and three macrodiamonds. The company has been advised that the estimated weight of these recovered diamonds totals 0.262 carat. Management considers this to be significant as the estimated weight calculates to 1.735 carats per tonne over the entire volume of kimberlite tested. This calculation is regarded as an inferred grade as only 151 kilograms of kimberlite were analyzed from Gosling. "It does show that Victoria Island kimberlites have ore grade potential," says company president Mark Kolebaba. Mr. Kolebaba added that much of this grade is attributed to one diamond that, along with eight microdiamonds, weighs 0.23 carat. Detailed diamond data are awaited from De Beers, which drilled these holes in the late 1990s. De Beers micro-macrodiamond size classification is based on 0.5-millimetre square mesh sieves. Further drilling of the Gosling and Snow Goose kimberlites, as well as other nearby targets, is planned for later this summer. Diamonds North owns 100 per cent of these kimberlites. Washburn project Interpretation to date reports evaluation of a portion of the diamonds recovered at the De Beers Kimberley South Africa facility. Batches of diamonds have been returned by De Beers to Diamonds North and its 48-per-cent joint venture partner Ascot Resources. These samples have subsequently been submitted to Lakefield Research Ltd. for detailed measurement and qualitative description. A further report on the Washburn diamond potential is expected following receipt of the balance of stones held by De Beers.
Diamond classification results for the Longspur and Golden Plover
kimberlites have been received from Lakefield. The total diamond count remains the same; however, the Lakefield three-dimensional measurements increases the number of macrodiamonds reported. The table below shows the
comparison of recently measured macrodiamonds with those originally
reported from De Beers's square mesh sieves.
Kimberlite Kimberlite Total
weight diamonds
Golden
Plover 200 kg 47
Longspur 100 kg 66
Kimberlite De Beers Lakefield
macros macros
0.5 mm +0.5 mm +0.5 mm
square one two
mesh direction directions
sieve
Golden
Plover 1 6 3
Longspur 1 5 4
The two largest stones from Golden Plover measure 1.51 by 1.05 by 0.63 mm and 0.83 by 0.68 by 0.26 mm. Both of these are fragments without faces, indicating a larger original diamond. The two largest stones from Longspur measure 1.14 by 0.71 by 0.54 mm and 0.57 by 0.51 by 0.35 mm. The larger stone is an octahedron while the smaller is a fragment without faces. Lakefield described the largest stones from Golden Plover and Longspur as high-quality diamonds with excellent clarity. Two of the latter stones are white, one is pink and the other is off-white. Diamonds North expects additional diamonds and data to be returned by De Beers, once the diamonds have cleared customs in South Africa. Data and diamonds are yet to be received from several kimberlite pipes including the Snowy Owl, which carries 9.2 microdiamonds per 10 kilograms. Diamonds North holds more than one million acres in Canada's diamond-rich far north, with 40 drill targets on Victoria Island, Nunavut, and in the Northwest Territories.
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com |
