Tue 14 Jan 97
Mr. Randy Turner reports
The amalgamation with Antler Resources has now been finalized and the amalgamated company has begun trading effective Jan 13/97.
Results from the summer exploration program on the Camsell Lake property are now available. The project area comprises approximately 277,000 acres 140 miles northeast of Yellowknife. This property is held by a joint venture between Winspear (57.3%) the operator, and Aber Resources (42.7%). During the course of the 1996 summer exploration program 1,020 sites were sampled. Approximately 725 sample that were taken in the Snap Lake area of the property were panned in the field and further concentrated in outside laboritories proir to examination for their indicator mineral content. The remainder were 25 kg till samples that were shipped to outside laboratories for treatment prior to their evaluation for indicator minerals.
Twenty-six diamonds have now been recovered from nine till sample sites in the Snap Lake area. These diamonds are in addition to the eight diamonds that were recovered from a sample of green clay previously reported. Of the 26 diamond recovered from till samples, 200 diamonds were recovered from seven till sample sites on the northwest side of Snap Lake in and around the area where five locations of kimberlite boulders were previously reported. Four diamonds have also been recovered from one sample site on an island in the northeast arm of Snap Lake. Of these, two have previously been reported. In addition, two diamonds have been recovered from a third, previously unreported site on the south shore of Snap Lake.
A small boulder of kimberlite from each of two of the five boulder sites located during the summer was submitted for diamond analyses. The results have been previously reported.
Approximately 5 kg of kimberlite boulder material from each of the two sites have been analyzed with the following results:
Site 60353 60493
Sample weight 5 kg 5 kg
Macro Diamonds 6 6
Maximum Dimension 1.32, 1.25 1.65, 1.40
1.15, 0.65 1.03, 0.85
0.54, 0.53 0.80, 0.69
These results are similar to or better than results previously reported from the same materials. The largest diamond recovered to date from all sources in the Snap Lake area of the property measures 1.9mm in long dimensions and has previously been reported.
The present area of interest on the Camsell Lake property covers approximately 6 sq km on the immediate northwest side of Snap Lake. This is defined by an area within which pyrope garnets and kimberlitic chromite characterize many sample; only rare grains of other indicator minerals have been found. A limited number of micoprobe analyses on these indicator minerals have been completed to date. One hundred and ninety-eight grains of chromite have been analyzed from a till sample taken near site 60493 at which a kimberlite boulder was located. Of these grains, 61 contain more than 60 wt% Cr203 and 31 of these have compositions indicating equilibrium with the diamond stability field. These results are similar to analyses of 120 chromite grains obtained from a composite of seven till samples in the main area of interest. This proportion of diamond stability field chromites compares favourably to proportions found in producing pipes in Siberia. Chromites were analyzed from the sample site on the south side of Snap Lake from which two diamonds were recovered. Only 66 chromite grains wereanalyzed from the site, but 41 of these grains (62%) contain more than 60 wt % Cr203, and of these 35 grains (35 % of the total) have compositions indicating equilibrium with the diamond stability field.
The distribution of indicator minerals and their abundance, together with the distribution of kimberlite boulders and diamonds from till sample, are consistent with the interpretation that more than one kimberlitic source occurs in this area.
At this stage a camp has been established at Snap Lake to facilitate work on the main area of interest at Snap Lake which is expected to begin towards the end of January. The forthcoming program is in advanced stages of planning and will comprise mainly geophysical surveys and diamond drilling.
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