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 : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Rampant who wrote (30087)	3/9/2000 12:36:00 AM
From: bigbuk	Respond to of 36688

Author: halcrow -- Date:2000-03-08 19:51:01 Subject: all the news that's fit to print Diamonds..here is one you missed. brgds From www.minesite.com Mar 8,2000 Statement by the President: Jonathan Challis Shore Gold Inc is a former gold producer, listed on the CDNX exchange in Canada. Its main focus of activity is its 100% interest in the Star kimberlite project located 60 kms east of Prince Albert in Central Saskatchewan, Canada. The Star kimberlite was discovered in 1996 and to date, eleven core holes have been drilled into this massive, sill-like body and all have intersected kimberlite in widths of up to 116.2 metres. In places, the kimberlite is found within 50 metres of the surface. Macro-diamonds have been recovered from all holes from the previous drill programme, with the results from the current programme expected within 6 months. Of particular interest is that the early diamond counts from the 1996/7 drill programme are highly comparable to early sampling results in the Northwest Territories which ultimately led to the discovery of the Ekati and Diavik deposits of Diamet Minerals and Aber Resources respectively. A combination of factors, which include the thickness of the kimberlite, its proximity to surface and the existing excellent local infrastructure gives the directors and management of Shore the added confidence that the Star project has the potential to become one of the first economic diamondiferous kimberlites that have been discovered in Canada. In addition, its size (potentially in excess of 250 million tonnes) makes it one of the largest kimberlites discovered in Canada to date. Shore has an extensive land position prospective for diamonds in the area and less than 25% of Shore's land holdings have been the subject of an airborne survey. As well as the Star anomaly, Shore has other targets to follow up in the area that has been flown. In addition to its kimberlite interests, Shore has interests in three other exploration projects ? all in Saskatchewan. The 100% owned Virgin River property covers numerous copper, nickel and gold anomalies, straddling a major shear zone over a 10km length. The 51% owned (Shore is the operator) Munro Lake gold/copper project 4 kms from the producing (60,000 oz/year) Seabee gold mine of Claude Resources covers a well mineralised zone of shearing several hundred metres in length and up to 15 metres in width. Limited sampling on parts of the outcrop has returned gold grades of up to 0.41 ozs/tonne and copper grades of up to 1.62%. Shore has a 15% interest in the Jojay Lake gold deposit with reserves of 397,000 tonnes at a gold grade of 0.22 ozs/tonne.