Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: rdww who wrote (965)	6/15/2003 12:18:13 PM
From: Rocket Red	Read Replies (2) of 16203

Kaiser says Shear ends Churchill's wilderness years Shear Minerals Ltd SRM Shares issued 26,920,727 Jun 13 2003 close $ 1.34 Friday June 13 2003 In the News John Kaiser, writing in a June 13 Tracker, says Shear Minerals (then 96 cents) and Northern Empire Minerals Ltd. have intersected a third kimberlite at their Churchill property -- the third in one week. The letter writer notes that this makes three kimberlites in a row out of 15 magnetic high or low anomalies scheduled for drilling. This kind of success signals that kimberlites model very well as bull's eye magnetic anomalies against the magnetically quiet areas of Churchill. Of the potential 217 targets identified, ground geophysics were conducted on 30 targets; 23 were prioritized as targets. None of the targets is supported by discrete indicator mineral trains because till samples taken last year were too widely spaced to allow such patterns to develop. However, the sampling has yielded a regional composite plot with excellent G-10 chemistry that tells us there is a field of kimberlites present that includes kimberlites with high diamond potential, similar to Ashton's experience in 1997. With the Churchill play stealing the limelight from the Aviat play on Melville Peninsula, the market will gravitate toward the better speculative value offered by Shear.

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