Here's the last news release from this dog:
Reclamation Management Ltd - Airborne survey on ZL claims to begin
Shares issued 96,761,627 RMLL
Friday Nov 27 1998 1998-11-11 close $0.005
Ms. Joan Purdy reports
Further to the company's recent news releases on the newly-optioned ZL
claims southeast of Lac de Gras, Northwest Territories, the mobilization
to begin a 1,500 line kilometre airborne geophysical survey over the
37,916.3 acre claim block in the central Slave Craton has been
completed. The ZL claims are about 40km northeast of Winspears' Snap
Lake project within the NWT's diamond corridor, between BHP/Dia
Met's Ekati and RTZ/Aber's Diavik diamond mines and Monopros' 5034
diamond project.
Previous exploration work on the claims has identified an indicator
mineral anomaly consisting of more than 100 kimberlitic indicator
minerals from three closely spaced samples. Barren samples up-ice of
the three anomalous samples suggest the source of the indicator
minerals are most likely on the ZL claims.
The geophysical survey is designed to locate magnetic and
electromagnetic anomalies near the indicator mineral targets already
defined on the property. In order to provide the most detail, the survey
will be conducted by helicopter at 30 metres above the ground at
100-metre interval flight lines. The survey is a state-of-the-art
technology designed by Geotech called the Hummingbird, and is
considered to be an ideal system to identify kimberlite bodies in the
Northwest Territories.
Reclamation is the operator of the project.
(c) Copyright 1999 Canjex Publishing Ltd.
canada-stockwatch.com
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Check out that crafty wording-- they've "completed" the mobilization to begin!!
----- -----
Also, just how is (was) this alleged costly survey:
"will be conducted by helicopter at 30 metres above the ground at
100-metre interval flight lines,"
going be payed for?
Anyone have any more current information than this??
Cheers,
-j
:>
PS, also note that in the RMML NR prior to this one, the ZL caims
were 80km from the WSP Sap claims:
Tuesday Oct 20 1998
Mr. Donald Sheldon reports
Pure Gold, in continuing with its search for diamonds in the Slave
region of the Northwest Territories, has entered into an agreement
with Reclamation Management, Cypango Ventures and Inukshuk Capital
whereby it can earn a 20 per cent interest in the ZL claims
approximately 80 kilometres east-northeast of Winspear's Snap Lake
area new diamond discovery and within the Lac de Gras field of
kimberlites.
---
Maybe the WSP "project" is, loosely speaking, on the whole bigger than
the "discovery area" and RMLL (DS/Purdy) found a loophole to shrink
the proximity measure from 80km to 40km... |
