Hello Walt
Catching some rays?
Regarding the winter road discussion, it appears DB's is permitted now to run a winter road overland from the Lupin road across SUF claims north of WSP and east to Kennedy Lake. SUF/IAR/KLA agreed in return for use of same. Is felt $200,000 to $500,000 will be saved in air freight by SUF which will allow more drilling if required on their Munn/Margaret Lake claims. I imagine WSP will look into piggy backing.
Temperatures turned colder yesterday, now -24C and windchill gets your attention. A week or two and I am sure RTL will start clearing snow. Question is, will there be another early spring?
This on the wire yesterday for those who care:
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TNK Botswana diamond project: Positive Soil Sampling Results
New drilling program to begin in January 1999
TORONTO, Dec. 16 /CNW/ - TNK Resources Inc. today announced it has
received positive results from the soil sampling program carried out by TNK on
Areas 2 and 3 of its Gope Prospect diamond project in Botswana. The soil
sampling analysis resulted in the identification of 28 potential drilling
targets.
''The sampling program has gone exceedingly well,'' said Bill Jarvis,
TNK's director of exploration. ''Most of the targets returned multiple grain
counts, which is very promising. Some fresh, unabraded grains are reported as
being present. It is our intention to immediately prioritize the targets and
aggressively carry out a drilling program early in January.''
This past summer TNK identified 54 geophysical targets which could
represent kimberlite pipes in Areas 2 and 3. The soil sampling program carried
out on the surface of these targets was designed to recover kimberlitic
indicator minerals in order to provide targets for follow-up drilling. The
following is a summary of the 28 targets that returned indicator minerals.
<<
Area No. of Targets Sampled No. That Recovered Indicator Minerals
2 23 15
2 extension 12 1
3 19 12
-- --
54 28
>>
Diamonds are formed deep within the earth under conditions of very high
temperature and pressure. The diamond-bearing source rocks are then
transported to the surface, most commonly by relatively rare kimberlite rock,
which appear at the earth's surface in the form of pipes and dikes. Along with
diamonds, kimberlite transports other minerals from deep within the earth to
the surface. These minerals, because they are unique to kimberlite, are looked
for in kimberlite exploration programs and are called the ''kimberlitic
indicator minerals.'' The underlying rationale is based on the fact that
certain minerals, including garnets and chromites, are formed at the same time
in the same stability field as diamonds. Therefore, the presence of these
minerals (garnets, and chromites of unique composition) should indicate the
presence of diamonds in the source kimberlite. When these minerals are found,
they are analysed for certain characteristics and for scarring or abrasions,
which helps to determine how far from the original source the indicator
minerals have travelled.
''We are thrilled with the success rate to date of our ongoing
exploration programs,'' said Elizabeth Kirkwood, TNK President and CEO. ''On
the basis of our past successes, we are confident that additional kimberlite
pipe fields will be discovered in this upcoming drilling program.''
Using advanced surveying techniques and data analysis, TNK has a
significantly higher than industry average success ratio for finding
kimberlite intrusions in the Kalahari Desert. In the 1996 drilling program on
the Gope Prospect, TNK successfully located 3 kimberlites after drilling only
5 exploratory holes.
In November, TNK completed a two-hole reverse circulation drilling
program in Area 3 as part of a larger De Beers drilling program in the area.
One hole was to test the known kimberlite, what has been named the Howe Pipe
and one to test a geophysical anomaly nearby. Kimberlite from the Howe Pipe
has been sent to De Beers facilities for microdiamond and other analysis. Rock
and downhole samples from the nearby anomaly have also been sent to De Beers
for analysis. However, on the basis of initial examination of the rock, it has
been judged not to be kimberlite.
Earlier this year, TNK entered into three joint venture agreements with
global diamond giant De Beers to further develop the Gope Prospect. As part of
the deal, De Beers' Canadian subsidiary, Monopros Limited, took an equity
stake in TNK through an $800,000 private placement. Under the joint venture
agreement, De Beers has the right to earn varying interests in the Gope
property, which has been divided into three areas. Area 1 contains the four
kimberlite pipes discovered in 1997 by TNK, Area 2 covers the western portion
of the property and Area 3 covers the eastern region of the prospect, which
surrounds the De Beers-Falconbridge Gope 25/136 kimberlite pipe cluster.
TNK Resources Inc. is a Canadian junior mining company involved in
mineral exploration around the world. The company's efforts are focused on
diamond exploration in Botswana, the world's largest producer of diamonds.
Headquartered in Toronto, Canada, the company's common shares are traded on
the Canadian Dealing Network under the symbol TNKR, and on the NASD Bulletin
Board under the symbol TNKRF.
No. of Shares Issued: 37,618,008
Lytton Minerals Limited - Glenn Laing appointed President
(TSE/VSE: LTL)
TORONTO, Dec. 16 /CNW/ - Lytton Minerals Limited (the ''Company'') wishes
to announce that Mr. Glenn Laing has rejoined the Company as the President and
a director. Mr. Laing has agreed to withdraw his lawsuit relating to his
employment contract that he filed against the Company on September 23, 1998.
Regards |
