Hello Bully
I typed all this out once and lost it so here goes again.
I found the information we were discussing, most of which Grant has posted, but I'll post what appears to be missing.
The June 10th Background Report states the following:
Gordon Bongard is a Senior Vice President and Director of an unnamed national investment dealer.
Leon LaPrairie carried out project management with Noranda, Falconbridge, Dome, INCO, Imperial Oil, Rio Algom, Urangesellshaft and Corona.
William Allen is a founder of Allen and Phelan law practice.
Richard LaPrairie was Secretary Treasurer and Director of Pintelle (breeder and marketer of guinea fowl). He is also a Trustee of Realfund and formerly the Executive Vice President and CFO of an unnamed financial institution.
Peter Laipnieks is a Research Analyst and Consultant and formerly Executive Director Travel Services, Government of British Columbia.
Phase I - est. cost $414,000 - high res. aeromag which I believe is now complete.
Phase II - est. cost $3,100,000 - ground gravity and EM surveys which I believe are underway.
Phase III - est. cost $1,600,000 - if necessary a seismic survey.
Phase IV - est. cost $6,000,000 - drilling program.
DBRL committed to the Inuvialuit to spend the following on this project:
$1,000,000 by now, $5,000,000 during the 2nd, 3rd & 4th two year periods; and $4,000,000 during the final two year period.
Commonwealth Geophysical reported on March 27, 1997:
" A possible interpretation of the GSC data sets suggests that the main body is a largely vertical intrusive of circular circumference with the top located approximately 1,000m's below surface. The presence of offshoot dykes off the main body is indicated by the sharp anomalies. These offshoots could be with-in 100-200m of the surface."
It is as yet undetermined which model may apply to this gravity anomaly:
A Basin Structure such as at Sudbury or a Dome Structure such as at Noril'sk Russia.
There was a NR Oct 21st which I have posted below:
DARNLEY BAY RESOURCES LIMITED - PROGRESS REPORT
TORONTO, Oct. 21 /CNW/ - Scintrex Limited has completed an aeromagnetic
survey over the Darnley Bay gravity anomaly on the Arctic coast of the
Northwest Territories. An aircraft measuring the total magnetic field and
vertical magnetic gradient, using two high-resolution magnetometers, has flown
an area of 1,500,000 acres (6,000 sq. km).
Preliminary results confirm the presence of a large kidney-shaped
anomalous area immediately south of Paulatuk with three intense internal
magnetic peaks and one anomalous area further south, with the possibility of
these being separate intrusions. The higher resolution data suggests that
components of the interpreted intrusion(s) are considerably shallower than
previously thought. Shallow sources are particularly evident over the anomaly
centre, which may indicate an area of uplift.
The survey has also revealed the presence of northwest-trending dykes and
a fault which passes through the kidney-shaped anomaly (similar to the copper,
nickel and platinum deposits at Noril'sk in northern Russia). It is expected
that detailed interpretation and integration of regional data will result in
considerably more information regarding structure (e.g., faults) and possibly
provide control on the age of the intrusive. Comprehensive modelling of the
data will provide accurate determination of the depths to the various
anomalous sources.
The aeromagnetic data collected is being processed into contour maps by
Scintrex and will be forwarded for interpretation to Paterson, Grant & Watson
Limited (PGW), geophysicists, to isolate target areas for follow-up ground
geophysical surveys. PGW's final aeromagnetic report, anticipated to be
completed early in November, is expected to recommend a follow-up program for
Phase II.
The Environmental Impact Screening Committee, in its decision of
September 30, 1997, notified the Company that Phase II can proceed. Phase II
will consist of: control grids, gravity and electromagnetic surveys and rock
sampling. The ground surveys and Phase II will lead to the selection of sites
for drilling in early 1998.
For further information: Leon F. LaPrairie, President, (416) 862-7885
For those who don't know, Paulatuk is a community on the Arctic Ocean of approximately 277. It is the service centre for oil and gas developments on the Beaufort Sea. It has an 5,000 foot commercial airstrip, warehousing and is serviced by winter road from Inuvik 250 miles to the east. Its power is diesel generated the fuel for which is shipped by barge every summer. The local infrastructure would be adequate for initial development support and is geared for industrial supply.
Let us know what you are able to find out Bully?
Regards |
