To: Bob Fairchild who wrote (2160 ) 10/1/1999 12:44:00 PM From: John Fairchild Read Replies (2) | Respond to of 2251
Bob, I don't know if any of you guys have checked out Twin Gold TWG, but they have a find in Northern Quebec that may be worth a look. I spoke to Dallas Davis the head of exploration this morning. Here are my notes. =========================================================== Update - Just got off the phone with Dallas Davis. 12 dykes have been identified with potential for more. Some trenches, which may represent eroded dykes, have to be checked. Several circular lakes on trend which Kris Jennings (pres. of SothernEra) who was at yesterday's presentation stated that they are high priority pipe targets. Airborne magnetics to be flown in mid November (150 m spacing) to determine features (dykes, blows and potential pipes within the lakes) The type 1 kim is magnetic (like NWT) and therefor gives good signature for finds via magnet surveys. They are on their way to Lakefield today (less than 2 hr drive from TO). The people at Lakefield are very excited stating these diamonds are of the highest quality they have seen (Lakefield handles samples from all over the world). Quote - the clearest with minimal or no inclusions. They expect to have the results of all or most of the remaining samples this afternoon (analysis of results to follow). They are hoping to get an initial valuation on these samples but sampling is ongoing with another ó ton expected to be removed on the current visits. That?s about it for now but expect this thing to grow as they continue exploration. I have requested that they post the property pictures on their web site. A picture is worth a million words. =========================================================== Their latest NR Twin Gold receives Diamond Analysis on Torngat 2 / 3 kimberlite Toronto, Ontario - September 29, 1999 - Twin Gold Corporation (TSE:TWG) is pleased to announce diamond counts from the caustic fusion of grab samples derived from Twin Gold's TORNGAT kimberlite dykes numbered 2 and 3 on the Alluviaq Fjord, Ungava Bay, northern Quebec. The sample analysis, including the microdiamond extraction, selection, and description was performed by the Mineralogical Services of Lakefield Research Limited and yielded the following results: Sample ID Weight/kg Number of Diamonds AD 06-14-99 10.864 26 Of the 26 diamonds, four (4) are macro diamonds. The Certificate of Analysis indicates the diamonds to be of very high quality. All are white, with the exception of two which are classified as off-white and all are transparent with the exception of six (6) which are classified as translucent. The percent preservation is between 95% and 62.5%, comparable to the higher range of microdiamonds from other cratonic areas in Canada. The TORNGAT 2 / 3 grab sample AD 06-14-99 was collected from kimberlite rubble at the base of the dykes which project more than 1000 feet, almost vertically, above the sample location. The TORNGAT 2 dyke is ñ 0.6 m and the TORNGAT 3 dyke is ñ 1 m wide. The dykes are separated in the fjord wall by a band of the gneissic host rock, ñ 3 m in width. Samples have also been collected from the TORNGAT 1 dyke which is located approximately 700 meters south of TORNGAT 2 / 3 and is ñ 2.5 m in width. When it was originally discovered by Professor J. Bourne and his exploration team, samples from TORNGAT 1 yielded a 1.5 mm gem quality macro diamond. A total of 337 kg of sample material was gathered on the 1.5 km horizontal exposure of the TORNGAT 1 dyke. The results of all outstanding samples are expected shortly. Twin Gold in addition to exploring the diamond prospect on the east side of the Ungava Bay in Northern Quebec is also an emerging producer of a low cost gold mining project of 1 million ounces of gold and 3.2 million ounces of silver reserves in Idaho, U.S.A. For further information contact: Hermann Derbuch Chairman, President & CEO TEL: (416) 777-0013 FAX: (416) 777-0014 ============================================================ Not trying to pump this stock as volume and interest is not an issue. Just wanted to give you guys a heads up in case you were not aware of this discovery. Wish I had seen it sooner myself. John