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 : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (34)	7/16/2002 9:53:59 AM
From: Famularo	Respond to of 16213

Frank..yes i'm referring to Arctic Star's Enigma project and how it compares to other recoveries in the same area (Wawa). Seems most of the diamonds are from surface sampling..quite encouraging but lots of further work required. I find the following link of some benefit: The market and specifically the diamond play followers need to see from Wawa land that's worth getting wet about. Microdiamond counts are encouraging. As someone alerted me, three one-dimensional macrodiamonds in more than 800K of rock is certainly not great! The diamondplay.com site is an excellent site. Tons of info on diamond exploration. Lurkers should check it out...frank

To: knight who wrote (34)	7/16/2002 5:04:55 PM
From: Famularo	Respond to of 16213

Canabrava Diamond drill camp marches over to Hadley Bay Canabrava Diamond Corp CNB Shares issued 51,348,506 Jul 16 close $0.19 Tue 16 Jul 2002 News Release Mr. George Read reports The drill camp has been moved to the Hadley Bay project on Victoria Island, Nunavut. The geophysical crew has mobilized to the camp and has commenced the ground geophysical surveys in preparation for drilling. Program operator, Diamonds North Resources Ltd., has completed the drill camp move, during ice breakup, to the Hadley Bay project in preparation for a 10-hole drill program, which is due to commence before the end of July. The current drill program will test a number of new high-priority targets within the Hadley Bay kimberlite cluster. Canabrava has the option to earn a 50-per-cent interest in Diamonds North's Hadley Bay diamond project by spending $5-million and issuing 250,000 shares to Diamonds North over a four-year period. The 2002 program consists of a $700,000 exploration budget and issuance of 50,000 shares of Canabrava to Diamonds North. The ground geophysical crew expects to start grid layout and geophysical surveys by July 18, 2002, over targets defined from airborne geophysics. These targets will be drilled as soon as the ground geophysical surveys are completed. Victoria Island is currently being explored by a number of companies and, to date, 16 kimberlites have been discovered, 14 of which have been confirmed to contain diamonds, some of which have produced significant macrodiamond counts. Of the 16 kimberlites, five occur within the Hadley Bay project and all five contain diamonds. Since most of the known kimberlites have undergone inadequate delineation drilling and diamond testing, additional drilling and sampling will be carried out on all five kimberlites. Crater facies material has been identified in some of the kimberlites, which occur as distinct geophysical anomalies in the carbonate country rocks. Indicator minerals derived from kimberlite and till samples contain high-interest peridotitic and eclogitic minerals, indicating that these kimberlites have potentially sampled both peridotitic and eclogitic diamonds. George Read, Canabrava's president, stated, "I am most optimistic about the potential of this drill program to intersect diamondiferous kimberlite."