Folks, FYI, the following is a recap of MEO's presentation in Calgary a few days ago, offered here through the courtesy of Marum's president Richard Boulay:
------------------------------------------------------------------------
Re: your inquiry about the meeting last week, here are some of the highlights. You can quote me or post it as long as it's fully attributed to me.
On January 7th, 1999, the Calgary Mineral Exploration Group held the following presentation:
+++++++++++
Exploration Case History: The Legend Kimberlites - early days
by K. Campbell, P.Geo., Intrepid Geophysics Ltd.
Tom Yingling, Montello Resources Ltd.
This presentation will review the high resolution aeromagnetic data with techniques and methodology used in the 1998 discoveries of some of the Alberta kimberlite bodies. Comparisons will be made with other bodies in the world using similar approaches.
This presentation will be topical considering the active exploration currently underway in Alberta.
++++++++++++++++++++
The presentation probably generated the best turnout ever for the Calgary MEG, with about 100 exploration and service industry people in attendance. At the end of the meeting Art Ettlinger of Yorkton securities gave a talk which was very bullish on the Alberta play, he briefly mentioned the companies with drill plans and noted that exploration expenditure estimates suggested that so far one pipe was discovered for every one million dollars expended in Alberta. The NWT exploration costs to discover a pipe was three to five times higher.
As expected the Montello people provided a thoroughly professional presentation - it looked good and was based on a detailed and informative geophysical overview of the Legend project. Kit Campbell, their geophysical consultant ran through the analytical techniques that were used to generate the exploration data. There was no shortage of spectacular slides packed with interesting information.
A most interesting technical item is the fact that the pipes seem to be controlled by a basement fabric, or fault system which trends roughly NW to SE, actually halfway between NW-SE and N-S. This fits in quite well with a developing body of knowledge that suggests that the structural controls on regional pipe emplacement is related to the stress release faults which are running at right angles to the NE-SW trending Peace River Arch, accentuated by the local "grain" in the Precambrian basement. But, its still early days and we all have a lot to learn.
At one point during the talk there was a really interesting digression into the geophysics of certain Botswana diamond exploration areas. These areas are underlain by mobile belt terranes, Proterozoic age, I think. I believe this segment was used to partially justify the pedigree of the Legend block area which lies off of the sacred Buffalo Head "you-know-what". Not really necessary, since many of the world's most prolific diamond producers are in mobile belts.
Another revelation (actually announced previously, I believe) is that the Dragon pipe is a magnetic low. This opens up a host of exploration possibilities and will likely keep the Montello/Kennecott geophysicists busy for a couple of years. I haven't seen any Legend data except that shown on the slides at the talk. However, in addition to the obvious five or ten big anomalies, I would guess that the Legend block will produce many, many more targets and probably many more pipes. Due to the structural characteristics of the area that I saw on the slides (due either to faulting or directional tectonic fabric, or both) I also suspect, because of the stress characteristics of the basement, that the Legend area has the potential to produce a lot more pipes that the Buffalo Head area to the west, providing there is evidence of pipes in the first place, as Montello/Kennecott have already demonstrated. In short, expect the property to produce a lot more pipes.
Overall it was an excellent presentation of a job well done. This was one of the best technical talks I have attended in years. Congratulations are in order to Mr. Campbell, Montello and Kennecott, and that was the consensus of most attendees I spoke to at the conclusion of the presentation. / /
------------------------------------------------------------------------
------- ------- ------- -------
Thanks for the report, Rick.
-- this is muchly appreciated!
-j
:> |
