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Gold/Mining/Energy : Diamonds North Resources Ltd

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To: kidl who wrote (182)8/6/2003 2:56:45 PM
From: VAUGHN  Read Replies (1) of 334
 
Thanks kidl

But I had a different kind of news in mind :)

DDN has mentioned several times the existence of a number of large circular magnetic targets approx. 400m in diameter near the Blue Ice/Galaxy structure.

Dollars to donuts they are pipes and if near by, they stand a reasonably good chance of being sourced from the same intrusion as the Galaxy structure hence containing similar grade ore.

If the GS's initial grade projections hold true, I'm optimistic DDN has several large diamondiferous pipes containing similar grades which makes the possibility of a long life and economic mine more real.

The GS alone contains a huge resource. Combine that with the efficiency of mining several large pipes and DDN has a potential winner on VI.

All this is of course very premature, but the initial numbers and proximities must be what intrigued Teck, as they certainly have my attention.

Good luck.

Vaughn
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