GGL and partner resume exploring Doyle kimberlite sill
GGL Diamond Corp GGL
Shares issued 43,722,510 Aug 11 close $0.46
Tue 12 Aug 2003 News Release
Mr. Raymond Hrkac reports
WORK BEGINS ON DOYLE PROPERTY; INCLUDES DRILLING, GROUND GEOPHYSICS ON KIMBERLITE SILL, OTHER TARGETS De Beers Canada Exploration (formerly Monopros Ltd.) is set to begin exploration work on Aug. 16 in the area of the diamondiferous sill located on claims LA 26-30, in the Doyle Lake area in the Northwest Territories. The program, on and near the sill, will include core drilling, collection of kimberlite samples to be analyzed for microdiamonds from selected intersections, and follow-up ground geophysical work. Plans to recommence exploration on these previously disputed claim areas were announced in June. The resumption of exploration work on the kimberlite sill and its potential extensions, comes after the federal tribunal decision in GGL Diamond's favour, announced in Stockwatch on May 2, 2003. Work on the property had been at a standstill since 1996, when the Section 84 dispute began (refer to www.ggldiamond.com Web site for additional information about the tribunal and the original dispute). The 2003 Doyle drill program will begin to define the strike length and dip of the Doyle kimberlite. According to the geophysical surveys of the area, significant extensions to the sill may be anticipated. The program will also test other kimberlite targets in the T-Lake area, based on previously obtained indicator results and geophysics. The Doyle Lake project, adjacent to Mountain Province (TSX: MPV) Kennady Lake claims, is located approximately 270 kilometres (km) to the northeast of Yellowknife. De Beers, 60-per-cent owner and project operator of the joint venture with GGL Diamond, has spent over $6-million to date on the project. Located 8.5 km southwest of Mountain Province's Hearne kimberlite pipe, the
kimberlite sill was discovered in August, 1996. At the time, a
125.2-kilogram (kg) sample from the drill cuttings, unavoidably diluted with granite country rock, yielded 67 microdiamonds greater than 0.075 millimetre. An indicator mineral train that reflected a high count and exceptionally good diamond chemistry had led GGL geologists to the sill location.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
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