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Gold/Mining/Energy : Shore Gold C.sgf -- Ignore unavailable to you. Want to Upgrade?


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

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To: gordon who wrote (381)2/9/2000 11:35:00 PM
From: Steve Rose  Read Replies (1) | Respond to of 550
 
Hello Gordon, I have a few more shares!!! and they were purchased several years ago. Saying that,I have reduced that initial sum but still hold too many. So I to am in a waiting pattern but I have some faith that the new president with new money and a different drilling tatic, will hopefully surprise most of us. We hit a high of seventy cents today, not to shabby for two drilled holes and some interesting news. We need lots more drilling, some more investor interest and some positive early results. Hopefully we can see a shift from tech stocks to resources, that would be a gift. good luck Steve.