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Gold/Mining/Energy : Diamonds North Resources Ltd
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To: kidl who wrote (300)3/8/2004 11:13:07 AM
From: kidl  Read Replies (1) of 334
 
Snow Goose and Gosling results ...

I am somewhat surprised about the reaction or the lack thereof.

Diamonds North finds flock of diamonds at Snow Goose

Diamonds North Resources Ltd DDN
Shares issued 23,831,982 Mar 5 close $1.55
Mon 8 Mar 2004 News Release
Mr. Mark Kolebaba reports
SNOW GOOSE DIAMOND RESULTS
Diamonds North Resources has released diamond results from the Snow Goose and Gosling kimberlites. A total of 172 diamonds were recovered from a composite 934.27 kilograms of sample material collected from 65 samples
obtained from three holes drilled into the Snow Goose kimberlite.
Twenty-three diamonds (13 per cent) are classified as macrodiamonds with at least one dimension greater than 0.5 millimetre. Three stones are greater than 1.0 mm in at least one dimension. Eight diamonds were also recovered from 27.8 kilograms of sample material derived from one sample collected from a drill hole cored into the Gosling kimberlite. One of the eight stones recovered (13 per cent) is a macrodiamond with at least one dimension measuring more than 0.5 mm. The Snow Goose kimberlite is located in the northwest portion of the 20-kilometre-long, diamondiferous Galaxy kimberlite structure; the Gosling kimberlite is located approximately 250 metres south of Snow Goose. The below results are from the 2003 exploration program on the Blue Ice project, which was jointly financed by Diamonds North and Teck Cominco according to an agreement dated June 18, 2003. Under the terms of the agreement and upon receipt of all diamond data, Teck Cominco may initiate an option to earn a 30-per-cent interest in the Blue Ice property by spending $9.5-million over the next three years. Plans for the 2004 Victoria Island exploration program are under way.

DIAMONDS RECOVERED

Sample Kimberlite Weight Total
No. (Kg) diamonds

03-13 Snow Goose 323.42 72
03-14 Snow Goose 440.23 58
03-16 Snow Goose 170.62 42
------ ---
Total Snow Goose 934.27 172
====== ===
03-17 Gosling 27.8 8

Sample Kimberlite +0.5 mm
No. 1 Axis 2 Axis 3 Axes

03-13 Snow Goose 323.42 72 10
03-14 Snow Goose 440.23 58 7
03-16 Snow Goose 170.62 42 6
------ --- ---
Total Snow Goose 934.27 172 23
====== === ===
03-17 Gosling 27.8 8 1

Sample Kimberlite +1.0 mm
No. 1 Axis 2 Axes

03-13 Snow Goose 3 0
03-14 Snow Goose 0 0
03-16 Snow Goose 0 0
--- ---
Total Snow Goose 3 0
=== ===
03-17 Gosling 0 0
The largest stones from the Snow Goose and Gosling samples have the following dimensions.

Largest stones (mm)
Kimberlite X Y Z

Snow Goose 1.08 0.83 0.69
Snow Goose 1.05 0.97 0.50
Snow Goose 1.28 0.57 0.32
Gosling 0.77 0.40 0.13

Full square mesh sieve diamond results for the reported samples are presented below.

Sample Kimberlite Sieve sizes
No. +0.600 +0.425 +0.300
mm mm mm

03-13 Snow Goose 323.42 4 3
03-14 Snow Goose 440.23 0 0
03-16 Snow Goose 170.62 1 1
03-17 Gosling 27.80 0 0

Sample Kimberlite Sieve sizes
No. +0.212 +0.150 +0.100
mm mm mm

03-13 Snow Goose 12 13 33
03-14 Snow Goose 17 13 24
03-16 Snow Goose 3 14 18
03-17 Gosling 0 4 3
Sample Kimberlite Total
No.

03-13 Snow Goose 72
03-14 Snow Goose 58
03-16 Snow Goose 42
03-17 Gosling 8

The Snow Goose kimberlite is represented by an intense, circular magnetic anomaly that measures approximately 300 metres by 250 metres. Two holes (BI-03-13 and BI-03-14) were drilled at a minus-60 inclination along a northeast-southwest section located in the west-central portion of the anomaly to determine the lateral extents of both the north and south margins of the kimberlite and to provide a larger sample volume. BI-03-13 was drilled from northeastward while BI-03-14 was collared 20 metres north of BI-03-13 and drilled to the southwest. The two holes cored a predominant magmaclastic kimberlite breccia in the upper sections of the kimberlite before encountering lesser hypabyssal phases at depth. Each hole was terminated in massive limestone units. Both kimberlite lithologies contain coarse olivine macrocrysts and other visible mantle-derived material. The upper magmaclastic unit is characterized by upward of 50 per cent country rock xenoliths, preserved wood and mudstone fragments likely causing a strong dilutionary effect on diamond counts. Drill hole BI-03-16 was drilled to the northeast (at a minus-60 dip) along a parallel section located 100 metres southeast of holes BI-03-13 and BI-03-14 to test the eastern extent of the main Snow Goose kimberlite and to define its northern limits. This hole encountered kimberlite breccia to a down hole depth of 85.50 metres before coring an additional 17 metres of hypabyssal kimberlite and limestone breccia and ending in dolomitic limestone country rock. The kimberlite breccia intersected differs from that in holes BI-03-13 and BI-03-14 as there is an apparent lack of
magmaclasts and indicator minerals are dominated by chromite and
clinopyroxene rather than ilmenite and pyrope garnets.
The Gosling kimberlite is represented by a linear magnetic low measuring 500 metres in strike length and up to 50 metres in width which appears to intersect the southern margin of the Snow Goose kimberlite. Gosling was tested by drill hole BI-03-17 (drilled to the northeast at a minus-70 inclination), which intersected 1.98 metres (true width) of magmaclastic kimberlite breccia containing olivine macrocrysts and indicator minerals before ending in dolomitic limestone. Kimberlite samples were split and logged in secure facilities at the field camp by qualified geoscientists. Samples were securely sealed in solid containers and shipped by air to SGS Lakefield in Ontario. SGS Lakefield's standard caustic fusion diamond recovery method was used for all samples. SGS Lakefield is accredited by the Standards Council of Canada to the ISO 17025 standard for specific registered tests. D.G. Gill, PGeo, is the qualified person as defined by National Instrument 43-101 for Diamonds North Resources and was responsible for implementing the 2003 Blue Ice program and providing quality control on all data returned.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com

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