Hello George
In case you did not get this, it was on the wire this A.M.
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Rex expands exploration program in Mauritania
Symbol: RXD
Trading: The Toronto Stock Exchange
TORONTO, Feb. 24 /CNW/ - Rex Diamond Mining Corporation announced today
its new exploration developments in Mauritania.
Tenoumer regional exploration
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The first results of the regional sampling program in the Tenoumer permit
and the eastern part of the El Hammami permit have become available (for
detailed maps see website). Three samples contained micro diamonds. In the
same samples and in adjoining samples, purple pyrope garnets together with
chrome-diopsides were found. The nature of the three diamonds has been
confirmed by scanning electron microprobe analysis. Probe results of the
pyropes and chrome-diopsides are expected shortly. These early results point
to two new diamond-bearing regions near Tenoumer, more than 200 km away from
the first diamond-bearing region found by Rex near Touajil. The regional
sampling of the 26,000 km(2) Tenoumer permit will be completed at the
beginning of March 1999, two months ahead of schedule. In addition, a follow
up sampling along a 1 by 1 km grid upwind of the diamond occurrences will be
carried out, which is expected to take one month.
Touajil follow-up work
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At Touajil, where the company has previously found 16 macrodiamonds
(larger than 0.5 mm) and 2 microdiamonds, a ground magnetic and
electromagnetic survey was started in late January with the view to locate the
kimberlite source rocks. Kimberlites should be more conductive than the
surrounding granites, quartzites and conglomerates. The ground geophysical
survey, carried out on a 100 by 20 metres grid, will cover 70 km(2) and is
expected to take three months. Circular conductive anomalies will be trenched
or drilled. The probing of the ilmenites (cf. Press Release of 11 January
1999) has confirmed that most of the ilmenites are kimberlitic (with MgO
contents higher than 7%).
The company plans to start testing the diamond content of the
near-surface gravels in the Touajil region in April 1999. The jigplant has
been shipped from South Africa and is due to arrive on site at the beginning
of April 1999.
Three new permits awarded
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The Council of Ministers of Mauritania has awarded the company three new
diamond exploration permits, called Ouassat (covering 9,900 km(2)), Arouedil
(9,700 km(2)) and Cheggat (9,500 km(2)). The Ouassat and Arouedil permits
cover the Archean terrains to the north of the El Hammami and Tenoumer
permits. The Cheggat permit covers a small Archean nucleus outcropping at the
rim of the Taoudeni Basin in the far north-east of Mauritania. The total
surface area of the company's diamond exploration permits in Mauritania
amounts now to 100,000 km(2).
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For further information: Ben Holemans, Antwerp, + (32) 3-205-9060
(phone), + (32) 3-205-9070 (fax), Website: rexmining.com,
E-mail: info@rexmining.com
Regards
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