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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE

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To: Willithit who wrote (77)7/10/1998 11:57:00 AM
From: Grant Baker  Read Replies (1) of 221
 
Thanks for the info, Will. Have a good holiday.

Not trying to dump on DBL (just being realistic), but if you ask me talk about kimberlites right now is a bit premature. To be accurate, what I believe DBL has at this point are some geophysical anomalies that fit the profile of potential kimberlite pipes. To the best of my knowledge there has been no till sampling or other geotechnical analysis that supports this conclusion just yet.

However, given that Monopros and other companies are finding actual kimberlites on Victoria Island, it is entirely possible that DBL definitely do have something to take a closer look at. Getting an experienced diamond exploration team through a JV with another company would definitely be a good route to take. Optioning this new property to a reputable diamond player would be a good sign - i just hope that it is not Monopros/De Beers!

I guess we will just have to wait and see....
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