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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (487)	3/27/2001 2:32:35 PM
From: russet	Respond to of 8273

Hi teevee, You don't have to speculate about the gravels,...the JV has drill tested some of this resource, and has stockpiled and processed some of it. The gravels above the pipe are what gave the M1 the spectacular grade and diamond valuation when they started processing it. Details are available from SUF head office. The gravels over the property vary in thickness, and the tested grades are about average for a SAf alluvial operation, but the value of diamonds,...as you have figured,...is much better than the fresh pipe rock. Given that the Brazilian alluvial exploration is bogged down with political red tape, my guess is that the alluvial experts that have been working there have been pulled to work in SAf on the M1 gravels, and we should be hearing a lot more about them in the coming year. The Brazilian exploration focus is straying from the alluvials to identifying and drill testing the source rocks. No one has found the source of the diamonds in the area they are working in. Don't think much more than the minimums will be spent in Brazil. Australia seems to be exciting Bird and Jennings more and more now, given air geophysics has illuminated over 40 potential targets they will now attempt to drill test. Apparently the soil in Australia dissolves the indicator mineral traces that Canadian diamond explorers have used to follow to the source rocks. Geophysics and drill testing becomes the only way to efficiently test Australian targets. They will start a drill test program in the next few weeks, so exploration news may give us a kick sooner than we think :-))