To: gordon who wrote (381 ) 2/8/2000 5:10:00 PM From: AH Respond to of 550
Shore Gold Inc - Shore Gold completes two Star kimberlite holes Shore Gold Inc SGF Shares issued 14,868,884 2000-02-07 close $0.39 Tuesday Feb 8 2000 Mr. Jonathan Challis reports Two drill holes out of a proposed 10-hole drill program, have now been completed on the company's 100-per-cent-owned Star kimberlite, with drilling under way on the third hole. The first drill hole, Star 001, was collared approximately 700 metres south of holes 96-3, 97-3A and 97-3B (drilled in 1996 and 1997). Star 001 intersected 46.5 metres of the main zone kimberlite compared with an average of 45.3 metres previously intersected in the three northern holes. The second drill hole, Star 002, was collared 300 metres south of Star 001 and intersected 26.2 metres of kimberlite. This compares with the 20.2 metres of kimberlite previously intersected in drill hole 96.4, located 450 metres to the south. The kimberlite recovered in the new holes is massive with abundant indicator minerals and is identical to the main kimberlite zone intersected in every drill hole to date. Sampling from this zone, which is one of four known diamond-bearing zones, has produced 871 diamonds from 1,201 kilograms of sample, including 72 macrodiamonds (greater than 0.5 of a millimetre). The Star kimberlite, located 60 kilometres east of Prince Albert, Sask., is a thick, sill-like deposit measuring approximately 2.0 kilometres by 1.5 kilometres. The current drill program is designed to determine the continuity, thickness and consistency of diamond content of the main diamond-bearing zone. Drill targets will not be confined to areas of high magnetic susceptibility, but will also include areas represented by low magnetic response. Further updates and results will be reported on as the work program progresses. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)