Hello TeeVee, others... I got an email tonight from DSP, screaming the following:
PLEASE VISIT DIAMONDEX'S NEW & UPDATED WEBSITE AT diamondex.net FEATURING A NEW INTERACTIVE MAP OF CANADA OUTLINING OUR EXPLORATION PORTFOLIO AND WATCH FOR THE UPCOMING DIAMOND EXPLORATION ANIMATION
FOR FURTHER INFORMATION PLEASE CONTACT KARI-LYNN MURPHY AT 604-687-6644"
I went and zeroed in on this:
diamondex.net
In time, there's a reasonable chance that something toutable will come from Lena. We could have a great return on an investment at the sub buck level. Curent market cap is 38 million. Not cheap for whats on the table, but good prospects. I continue to hold, good support out there for it. FWIW
Highlights:
The Lena West Project area was selected for evaluation on the basis of the region's geologic and tectonic similarities to the important diamond producing regions of the East Siberian kimberlite province.
Dr. Nikolai Pokhilenko, ... theorized that the Phanerozoic sediments of this portion of the Interior Platform are underlain by stable crustal material similar in areal extent to the Slave Province.
Dr. Pokhilenko's study ...indicated that the Lena West Project area was the primary source for numerous alluvial diamonds previously reported from the Yukon River basin located to the west. The same study negates the possibility that these diamonds were transported from the Slave Craton kimberlites, which are located 1,400 kilometers to the east.
Evaluation of stream sediment samples produced significant concentrations of pyrope garnet, picroilmenite, and more rarely, chromite.
Consultant Dr. Nickolai Pokhilenko,... stated that, "the nature of the recovered indicator minerals (IM) and their distribution in the prospective area is typical for IM halos of kimberlite regions of the Siberian Diamond Province."
Dr. Pokhilenko reports that the Lena West Project area overlies a new kimberlite province and probably hosts several kimberlite clusters and that "the multiple finds of coarse diamond crystals made through gold placer mining operations in the upper Yukon River basin (several finds of diamonds up to 8 mm in size and up to 28 diamonds recovered in the Klondike and 60 Mile River areas) is excellent evidence for the presence of high grade pipes (such as the Udachnaya, Aikal, and Mir pipes of Yakutia) in the Lena West Project area."
Early reconnaissance work by the Company in the 25,000 square kilometer permit area could represent the discovery of one of the most significant new kimberlite fields since the Lac de Gras discovery of 1991.
Forecast 2003:
The Company has approved a $2.0 million budget for 2003, which includes a major sampling program and geophysical surveys for the delineation of drill targets.
Dr. Pokhilenko will continue to provide technical guidance for the Lena West Project.
A team of Russian geoscientists will work alongside Diamondex personnel through the current exploration season. |
