Hello Will
More none-news from TWG:
Twin Mining's Jackson Inlet new kimberlite finds enhance diamond discovery potential
TORONTO, Aug. 26 /CNW/ - Twin Mining Corporation (TWG-TSX) is pleased to
report a significant discovery of kimberlite fragments along a NE-SW corridor
that connects Freightrain with Cargo1. The fragments, which are interpreted to
originate from kimberlite bodies beneath and brought to surface by frost boil
action, are distributed across up to 50 meters width within this corridor.
They were surveyed and sampled over a distance of 1.7-km, 1 km SW from Cargo1
towards Freightrain and 0.7 km to the NE beyond Cargo1. The fragments show no
evidence of transport.
The samples are being analyzed at Lakefield Research Limited for
diamonds, kimberlite indicator minerals and their petrographic character.
Results from this analysis are expected shortly and will be reported as soon
as they become available. These results are highly significant as they
demonstrate the potential for further occurrences of diamondiferous kimberlite
for this new kimberlite province, which has already produced more than 50
carats of high quality diamonds from the Freightrain pipe.
Following the recent site visit to Jackson Inlet Dallas Davis, P.Eng.,
Twin Mining's Consultant - Diamond Mining, stated that: "The new discovery
confirms the validity of Twin Mining's structural model for locating
additional kimberlite pipes. It had been noted that Freightrain is at the
intersection of prominent geological and magnetic features. A magnetic high,
representing Precambrian diabase dykes, crosses the peninsula from southeast
to northwest. A corridor, representing a fault zone, crosses the peninsula
from southwest to southeast. This latter feature is interpreted as one of the
more prominent northeast-trending geological faults that border a graben
between the Brodeur Peninsula and Somerset Island to the west of it."
"Although the Cargo 1 pipe proved to be in a similar structural setting
as Freightrain, it is the latest discovery of kimberlite fragments which
definitively establishes the importance of the northeast-southwest faults as
channel ways for kimberlite magma to come to surface. With the model now
confirmed, the potential is considerably enhanced for future discoveries, not
only on the southwest-northeast trend, which contains the Freightrain and
Cargo1 discoveries, but also along several parallel corridors within Twin
Mining's claim blocks".
Mr. Dallas W. Davis, P.Eng., of Dalmin Corporation, is Twin Mining's
Qualified Person "for all geological aspects of Twin Mining's Jackson Inlet
diamond exploration program as defined by National Instrument 43-101".
Twin Mining, in addition to the Atlanta Gold Project in Idaho, U.S.A. is
exploring the Jackson Inlet diamond project on Baffin Island and the TORNGAT
diamond project on the east side of Ungava Bay in northern Quebec.
I wish they'd stop teasing the market and just come out and say that their not going to do much at JI until Atlanta spins off some cash.
Regards
Vaughn |
