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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (159)	9/4/2002 10:26:02 AM
From: Rocket Red	Read Replies (1) \| Respond to of 16206

Short lived is right MPV HAS A MINE Hold long for big rewards

To: Famularo who wrote (159)	9/5/2002 4:51:44 PM
From: VAUGHN	Respond to of 16206

Hello Frank Intresting news out on DDN.V Diamonds North demonstrates high diamond potential for Victoria Island TSX Venture Exchange: DDN Shares Issued: 10,001,033 VANCOUVER, Sept. 5 /CNW/ - Diamonds North announced today results from ongoing evaluation of diamond recoveries on its Blue Ice and Washburn projects Victoria Island, Nunavut. The evaluation incorporates information and diamonds obtained from De Beers Canada Exploration on kimberlite on the Washburn and Blue Ice projects previously not published. Blue Ice Project A review of geophysics, micro diamonds and previous drill hole logs for the large Snow Goose kimberlite suggests the presence of two separate and discrete kimberlite bodies. Two previous drill holes intersected kimberlite with the first hole intersecting a circular pipe-like body and the second intersecting a more elongate kimberlite named the Gosling kimberlite. A third hole drilled between the other two holes intersected country rock and no kimberlite, indicating that the two kimberlites are separate bodies. Significant diamonds were returned from the Gosling kimberlite. The vertical core hole encountered kimberlite from 16 to 110 metres depth, including several 1-3-metre country rock xenoliths below 70 metres. A total of 151 kg of processed kimberlite yielded 52 microdiamonds and 3 macrodiamonds. The company has been advised that the estimated weight of these recovered diamonds totals 0.262 carats. Management considers this to be significant as the estimated weight calculates to 1.735 ct/tonne over the entire volume of kimberlite tested. This calculation is regarded as an inferred grade as only 151 kg of kimberlite was analyzed from Gosling. "It does show that Victoria Island kimberlites have ore grade potential," says company president Mark Kolebaba. Kolebaba added that much of this grade is attributed to one diamond which, along with eight micro diamonds, weighs 0.23 ct. Detailed diamond data is awaited from De Beers, who drilled these holes in the late 1990's. De Beers micro-macro diamond size classification is based on 0.5 mm square mesh sieves. Further drilling of the Gosling and Snow Goose kimberlites, as well as other nearby targets, is planned for later this summer. Diamonds North owns 100 percent of these kimberlites. Washburn Project Interpretation to date reports evaluation of a portion of the diamonds recovered at the De Beers Kimberley South Africa facility. Batches of diamonds have been returned by De Beers to Diamonds North and its 48% joint venture partner Ascot Resources. These samples have subsequently been submitted to Lakefield Research Ltd. for detailed measurement and qualitative description. A further report on the Washburn diamond potential is expected following receipt of the balance of stones held by De Beers. Diamond classification results for the Longspur and Golden Plover kimberlites have been received from Lakefield. The total diamond count remains the same; however, the Lakefield three dimensional measurements increases the number of macro diamonds reported. The table below shows the comparison of recently measured macro diamonds with those originally reported from De Beers' square mesh sieves. << ------------------------------------------------------------------------- De Beers' Macros Lakefield Macros Kimberlite Kimberlite Total 0.5mm Square +.5 mm 1 +.5 mm 2 Weight Diamonds Mesh Sieve direction directions ------------------------------------------------------------------------- Golden Plover 200 kg 47 1 6 3 ------------------------------------------------------------------------- Longspur 100 kg 66 1 5 4 ------------------------------------------------------------------------- >> The two largest stones from Golden Plover measure 1.51 x 1.05 x 0.63 mm and 0.83 x 0.68 x 0.26 mm. Both of these are fragments without faces, indicating a larger original diamond. The two largest stones from Longspur measure 1.14 x 0.71 x 0.54 mm and 0.57 x 0.51 x 0.35 mm. The larger stone is an octahedron while the smaller is a fragment without faces. Lakefield described the largest stones from Golden Plover and Longspur as high quality diamonds with excellent clarity. Two of the latter stones are white, one is pink and the other is off white. Diamonds North expects additional diamonds and data to be returned by De Beers, once the diamonds have cleared customs in South Africa. Data and diamonds are yet to be received from several kimberlite pipes including the Snowy Owl, which carries 9.2 micro diamonds per ten kilograms. Diamonds North holds more than one million acres in Canada's diamond-rich far north, with forty drill targets on Victoria Island, Nunavut, and in the Northwest Territories. Shares of Diamonds North Resources Ltd. trade on the TSX Venture Exchange - DDN. Bernard H. Kahlert Vice President Exploration Regards Vaughn

To: Famularo who wrote (159)	9/8/2002 12:48:47 PM
From: Rocket Red	Read Replies (1) \| Respond to of 16206

WILLP from the Famous Streetwires on MPV What you can disagree with is whether there will be a mine there, or not. For what it's worth, I disagree with the maket as well. I think there will be a mine there as well. Randy Turner and I spoke about the fact that Debeers took out the most valuable 9.9 kt and removed it from the parcels valuation.RT said that DBrs was playing games, using the fluke theory. I have been making that very point in the street wires for some time now. The modelled value of the 5034 diamonds is actually less than that one stone. They wrote it off entirely, and a bit more, in other words. For all of us we would have to be in the loony bin if we belived that in 22 million tons Debeers scooped up 1000 tones and by chance found the only large stone in the deposit. I don't buy that. It's possible, but what are the odds. It's all about odds. You're in a 5-player poker game and are dealt a full house, Aces over fives. All four players could have better hands. What do you do? Give Credit where its due!WillP knows his stuff on Diamonds and Facts as he is one smart cookie

To: Famularo who wrote (159)	9/12/2002 1:52:56 PM
From: Famularo	Read Replies (1) \| Respond to of 16206

Pele Mountain Resources Inc. Symbol: YPN Listing: The TSX Venture Exchange Common Shares Outstanding: 28,239,354 Genesis Diamonds Makes the Grade FOR IMMEDIATE RELEASE September 12, 2002, Toronto: Pele Mountain Resources Inc. (TSX Venture:YPN) (“Pele”) is pleased to announce that a 4.5 tonne sample from its Genesis diamond occurrence (“Genesis”) has achieved a diamond grade milestone. The results of this sample support management’s firmly held belief that Pele has discovered an important source of commercial size and gem quality diamonds. The sample also demonstrates that Pele has developed the capability to conduct on-site recovery of commercial size diamonds in a direct, cost-effective manner. A total of 53 commercial size diamonds were recovered from the Genesis sample down to a bottom screen size of 0.8 mm. The total weight of the diamonds was 0.52 carats and the largest diamond recovered was a broken stone that weighed 0.085 carats. The modeled grade for this sample was estimated to be 30 carats per hundred tonnes for diamonds larger than a 1mm square mesh cut off. Statistical modeling of the grade for this sample was performed by AMEC, an independent consulting and engineering firm and took into account the combined data from all 361 diamonds recovered from caustic digestion and bulk sample processing of samples collected and processed from Genesis to date. It should be noted that the modeled grade represents total diamond content with no recovery factor applied to account for the inefficiencies, which would be experienced in a commercial processing plant. In addition, because of the small sample sizes, the projected grades should be considered as indicative rather than absolute and AMEC recommended that this data be used by Pele to prioritize targets for future larger scale follow-up sampling. Occurrence Name Sample Weight # of Diamonds per Sieve Size Fraction in Millimeters Total # of Diamonds 0.106 0.150 0.212 0.300 0.425 0.600 0.850 1.18 1.70 Genesis* 17.0 kg 120 92 60 29 5 2 308 Genesis 4500 kg 32 16 4 1 53 *Diamonds recovered by caustic digestion previously announced by Pele in press release dated August 22, 2002 The 4.5 tonne Genesis sample was collected on September 4, 2002 from an outcrop within a volcanic unit that outcrops intermittently over an area up to 100 meters by 300 meters. It was mobilized by helicopter to Pele’s on-site processing facility the same day. The sample was crushed to minus 6mm, then screened on 3mm, 1.5mm and 0.8mm square mesh vibrating screens. Each size fraction was then passed over a 21,000 gauss magnet with a four stage separation process to create a non-magnetic concentrate. The magnetic –6 to +3mm fraction was then crushed to minus 3mm, screened on 1.5mm and 0.8mm and passed over the magnet. Each non-magnetic concentrate was observed and the diamonds were picked out and mounted on an adhesive card. The recovered diamonds were security-sealed and transported to SGS Lakefield Research Ltd. (“Lakefield”) for verification, weighing and sieving. The modeled grade for this sample is based exclusively on the square mesh sieve data as measured by Lakefield. Sample collection, processing and diamond recovery was supervised and performed by Dr. Edward Walker, of PetroLogic Inc., an independent consultant and Qualified Person. Quality control, quality assurance and security procedures were monitored throughout every stage of the process. According to Dr. Walker, “The recovery of 53 commercial size diamonds from a 4.5 tonne sample is a significant breakthrough for Pele’s diamond exploration program at the Festival Property. Given the abundance of commercial size and gem quality diamonds, the size of the volcanic units, and the outstanding infrastructure in the area, the Genesis sample further substantiates the strong economic potential of Pele’s large volcanic diamond deposits.” Pele is a Canadian mining exploration and development company and a leader in the search for economic diamond deposits in Northern Ontario. Pele controls a 100% mineral rights interest in the 101 square km Festival Property, which is located 20 kms north of Wawa. Pele also owns a 100% interest in two gold projects in northwestern Ontario. This press release has been reviewed and approved by Dr. Edward Walker, of PetroLogic Inc., an independent consultant and Qualified Person. For further information please contact Al Shefsky, President at (416) 368-7224, or visit our website at www.pelemountain.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.