Thanks Ray- Lookin' good! A quick mention of some interesting comments in this NR of Dec.8/98:
[Firstly, I sure do appreciate these co. updates]
---
..The economic importance of such targets is demonstrated by the extensive beach sand diamond deposits of western Africa which have been mined for a century. In the Chinchaga area, a target "sand", actually a distinctive flat-lying volcano-sedimentary unit, extending over 70 km along an ancient coastline, and up to 10 metres thick, has been identified as being prospective for diamond on the basis of unusual mineralogy which includes ilmenite, corundum and olivine...
These large, perfect crystals are primary magmatic minerals that are ultra-deficient in aluminum and formed in a local, alkaline volcanic magma of the type favourable for diamond formation. Grossular garnets occur in the Ashton and Monopros kimberlite pipes in Alberta. The unusual geochemistry of this rock unit and the spectacular amounts of these diagnostic indicator minerals confirm its attractiveness as a large, regional, flat-lying diamond host rock target. There is virtually no overburden over the "beach sand" target, drill depths to the bottom of the target, including overburden, should not exceed fifteen metres and very large tonnages are available for near-surface sampling.
-
While this type of E&D is new to Alberta if this eventually proves to pan out, the tonnage prospects are enormous, with vast dimensions virtually all at surface for extreme economics. - As per previous information supplied on this Marum thread, I know President Boulay has been looking at this 'dragline' deposit angle for some time, as sort of an aside. Interesting report today, with even more interesting potential.
---
Elsewhere in the NR,
Stream sediment samples down-drainage from clusters of pipe targets have been previously reported as containing massive amounts of large glass spherules up to 5mm in diametre, with nickel sulphide inclusions. Microprobe results just received confirm that the spherules originated in an alkaline volcanic magma. Textural features are consistent with a local source. Overburden is thin to non-existent. The information has been used to prioritize magnetic anomalies directly upstream of the samples as pipe targets.
-
Looking forward to the drilling of those!
---
Further in the report,
..[SRC samples'] Results are expected soon. The APEX sampling program included down-ice and downstream sampling from a large, distinct seismic anomaly consisting of a noticeable vertical disruption in a seismic profile. The seismic anomaly lies in a cluster of magnetic high anomalies which are themselves drill targets based on independent magnetic and geochemical data.
-
Yessir -- The seismic co-incident indication, and confirmation, of an interruption, starting at surface, certainly raises one's eyebrows. More lab results streaming in.
----
Lastly,
as you pointed out before, Ray,
The company is currently in discussion with a potential partner to form a joint venture on certain permits and to implement a drill program in the New Year.
-
hmmmmmm, piquing news.
-------
Lookin' forward to things to come folks.
Best 'O the Season to all,
-j
:> |
