Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copperhill Resources Corp (CUHL: CDN) -- Ignore unavailable to you. Want to Upgrade?

To: Cyber Rock who wrote (64)	10/26/1999 2:18:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 123

Hi CyberRock; And more surprises still...look what Twin Gold has found in the vicinity of Copperhill's Northern Labrador dykes. TWIN GOLD - More DYKES, more DIAMONDS TORONTO, Oct. 26 /CNW/ - Twin Gold Corporation (TSE:TWG) is pleased to announce the discovery of an additional set of kimberlite dykes (TORNGAT SOUTH). These dykes outcrop approximately 10 km southwest of TORNGAT 1, 2 & 3. At least four (4) large dykes were identified with the largest estimated to be +/- 3 m in width. All dykes are clearly visible in a 1,200 foot, near vertical, cliff at the mouth of the Baufremont River. A 27.48 kg grab sample from the new discovery was analyzed by Lakefield Research and yielded 7 microdiamonds. The diamonds are of consistently high preservation between 95% and 75%, all white and all transparent to translucent. Dr. Bruce Jago of Lakefield Research stated: ``The occurrence of these diamonds and their high quality are a very encouraging sign for the magnitude of the project'. Air photos indicate lineaments joining TORNGAT 1, 2 & 3 with the new TORNGAT SOUTH discovery. Geophysical surveys are planned to confirm their geological continuity. In addition, a helicopter survey of the property showed lineaments and features, similar to those observed at TORNGAT 1, in four locations over 10 km to the northeast beyond TORNGAT 1. Dallas Davis, Twin Gold's Director of Diamond Mining said: ``These new discoveries extend the diamond potential for the area dramatically to a minimum of 20 km and define in northern Quebec a kimberlite province with up to 2.6 diamonds/kg, established to date. I am happy to be part of such a once in a lifetime opportunity to make a major discovery'. Because of the open exposure of diamond bearing kimberlite dykes Twin Gold is in a position, only 4 months after staking the discovery claim, to proceed with drill target selection and bulk sampling to establish and define an ore body. A magnetometer survey is planned as early as possible during the winter months to further define the dykes and investigate surface features, e.g. surface depressions, for the potential of kimberlite pipes. To protect its discoveries, Twin Gold has increased its 100% owned land position to 444 sq. km, covering a strike length of 33 km. 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. -30- For further information: Hermann Derbuch, P.Eng., Chairman, President & CEO, Tel.: (416) 777-0013, Fax: (416) 777-0014; TWIN GOLD CORPORATION, Suite 1250, 155 University Avenue, Toronto/Ontario, M5H 3B7 Tel: (416) 777-0013, Fax: (416) 777-0014, Web-site: www.twingold.com, E-mail: Info@twingold.com