SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : A CANADIAN DIAMOND HUNT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Pakstas who wrote (30)1/8/1998 7:56:00 PM
From: Ed Pakstas  Read Replies (1) of 930
 
Subject:
Stockwatch: Troymin Resources Ltd - News Release
Date:
Thu, 08 Jan 1998 14:19:38 -0800
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net

Lac de Gras drilling to commence

Troymin Resources Ltd TYR
Shares issued 21,768,344 Jan 7 close $0.83
Thu 8 Jan 98 News Release
See Almaden Resources Corporation (AMH) News Release
Mr James McInnes reports
ATW Resources, a company owned by Almaden (40%), Troymin (20%)0 and
Williams Creek (40%) has a 35% interest, carried to production from the
first mine, in a joint venture with Kennecott Canada Exploration covering
the ATW Lac de Gras-Mackay Lake diamond property, NWT.
Kennecott has informed ATW of its plans for this property.
The main exploration target on the property is the source of a prominent
indicator mineral till anomaly. This anomaly contains indicator minerals
(garnets and chromites) with chemistry from within the diamond inclusion
field suggesting the source will be diamondiferous. This indicator mineral
anomaly terminates in sandy esker material at the western edge of Mackay
Lake. An RC drill rig will be used to sample the till just off shore in
Mackay Lake commencing in early to mid-February. A line of approximately 20
holes will be drilled perpendicular to the paleo-ice direction. These
samples will be rushed to the Thunder Bay laboratory where they will be
processed at the highest priority. Positive results will be followed up
using the same method further out into the lake. Negative results will mean
that the target must be nearby down ice towards the lakeshore. This process
should lead to narrowing down of the source area and hopefully an
interesting kimberlite discovery. Kennecott may elect to conduct geophysics
in the narrowed down target area to further define a drill target. The
estimated budget for 1998 will be approximately $250,000.
Previous work on the property has defined one diamond poor kimberlite,
TR107. This kimberlite had poor indicator mineral chemistry in contrast to
the chemistry of the till anomaly.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News