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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla
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To: Surething who wrote (482)3/5/1998 1:35:00 PM
From: Famularo  Read Replies (1) of 822
 
Diamond potential in South Central Saskatchewan

Pure Gold Minerals Inc PUG
Shares issued 24,870,966 Mar 4 close $1.06
Thu 5 Mar 98 News Release
See Caribgold Resources Inc (CG) News Release
Mr Paul Zyla reports
Since last October CaribGold Resources and Pure Gold Minerals have
acquired, by staking, a total of 715,000 acres in an area of south central
Saskatchewan.
The claims were staked to cover a significant concentration of variable
kimberlite indicator minerals consisting of high chrome pyrope garnets,
calcic pyrope-almandine garnets, magnesium almandine garnets and chrome
diopsides. Three separate clusterings of anomalous concentrations of
kimberlite indicator minerals were identified from samples collected in
1991 by the Saskatchewan geological survey.
Since staking the claims, the 50/50 joint venture completed a 15,000 line
km high resolution magnetic survey over the entire property with flight
lines spaced at 400 metre intervals. The companies' geophysical consultants
have selected 21 high priority circular magnetic anomalies, some of which
appear to be in clusters, that may represent kimberlite bodies. The
magnetic anomalies all lie within the high concentration of indicator
minerals.
Following a detailed compilation of data obtained, the companies plan to
investigate the 21 magnetic anomalies by helicopter mag survey, ground
geophysics and drilling.
The Saskatchewan project is a 50/50 joint venture with Pure Gold Resources.
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