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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?


To: WillP who wrote (848)9/8/2002 2:57:25 PM
From: Rocket Red  Respond to of 930
 
Umm, is that beeping noise the sound of your trucks backing up, or a warning signal that something is amiss?

Someone drew my attention to my Stockwatch post being spammed over on that Stockhouse den, where all the formatting had fallen off. I shrugged that off, as just more silliness, but I'll point out here that not all of the comments in that post were mine -- some were comments of another poster that I was relying to. Those comments by the other poster are bolded on the original Stockwatch post, which is what follows here.

Not my Back-up beeper going off!My Truck is parked!:)

Yes Will,James was the other side!:)



To: WillP who wrote (848)9/8/2002 10:27:02 PM
From: Letmebe Frank  Read Replies (2) | Respond to of 930
 
Thanks Will, for clearing up Reds last post (on this thread ;).

And RE: "The share price has nothing to do with value in the short run, only in the long run"

That's all I am saying to, in a way. I'm just betting theres more downside coming where I can get some cheaper shares. And I'm waiting. It happened with Aber and with Winspear. I didn't follow the Diamet story, it was before my time ;o)

And RE: "I think there will be a mine there as well. "

That is a point we all agree on.

But DeBeers is big business and at the lower ethical scale I would say. Just look at the other irons in the fire they have. It will take time to make a mine and go through the very tedious phases before hand. There are too many weak hands out there that won't hold to production.

I was one with Aber, buying in at 19, and selling at 8. Looking for a faster horse was my excuse for selling. I was a victim of buying at the wrong time, and I am not going to make that mistake twice.

Red & Chuck & I are on the same team, but we have different strategies for making the money win, which is the competition we are in, isn't it? Actually I like it more when common sense prevails and good ol' commaraderie (sp?) develops between us.

Speakingn of which, my wife is watching Eyes wide Shut on Bravo without me, time to call it a night.



To: WillP who wrote (848)9/19/2002 1:02:06 PM
From: VAUGHN  Respond to of 930
 
Hello Will

Here is a bit of interesting news I didn't expect:

Initial samples yield high diamond count from Diamonds North's Blue Ice
Wednesday September 18, 8:09 pm ET

TSX Venture Exchange: DDN Shares Issued: 10,001,033
VANCOUVER, Sept. 18 /CNW/ - Diamonds North Resources Ltd. (DDN) announced today very high diamond counts from initial drill intercepts on the 100% owned Blue Ice, Victoria Island project. A total of 118 diamonds were recovered from a 6.49 kilogram sample of kimberlite, including numerous stones measuring over one millimeter in size.
The three largest stones have the following three-dimensional measurements.

2.19 mm x 1.51 mm x 0.85 mm
1.94 mm x 1.31 mm x 0.69 mm
1.82 mm x 1.71 mm x 0.89 mm

A total of seven diamonds exceed one millimeter in two dimensions while twelve in total exceed one millimeter in one dimension. A further eleven stones exceed 0.5 millimeters in two dimensions. By including the twenty diamonds with one dimension exceeding 0.5 millimeters, the total number of macrodiamonds is 43.
"This is an exciting result as it combines high diamond counts with a large number of one millimeter plus stones in such a small sample," stated Mark Kolebaba, Company President.

This first batch of results also included a 31.74 kilogram sample, which returned seventeen diamonds, four of which are macros with one dimension exceeding 0.5 millimeters.

Individual batch results will be received periodically and will be released after evaluation. All results are anticipated by year end.

Full square mesh sieving results and total carat weight of all three samples are given in the Table below.

Table of Diamond Sieve Sizes
----------------------------------
Sand Piper Kimberlite
----------------------------------
Sample
No. BI-02-02-38 BI-02-03-02
----------------------------------
Sample Wt 6.49 kg 31.74 kg
----------------------------------
Diamond Stones Stones
----------------------------------
+ 1.180 mm 2
----------------------------------
+ 0.850 mm 3
----------------------------------
+ 0.600 mm 3
----------------------------------
+ 0.425 mm 8
----------------------------------
+ 0.300 mm 15 3
----------------------------------
+ 0.212 mm 25 3
----------------------------------
+ 0.150 mm 35 2
----------------------------------
+ 0.100 mm 27 9
----------------------------------
----------------------------------
TOTAL 118 17
----------------------------------
Total Wt
(ct) 0.109 0.002
----------------------------------

All samples are derived from split BTW drill core measuring 4.15
centimeters (1.63 inches) diameter.

The above are partial results from the Sand Piper kimberlite. Samples BI- 02-02-38 and BI-02-03-02 are derived from two Sand Piper holes drilled 75 metres apart. The first hole, drilled at the northern fringe of the ellipsoid body, intersected 4.1 metres of kimberlite between 36.2 metres and 40.3 metres in a -60 degrees hole. The second hole, near the centre of the body, encountered 51.3 metres of kimberlite between 42.8 metres and 94.2 metres also drilled at a -60 degrees angle.
The above are the first diamond results from the company's 2002 drilling and sampling program. Good diamond results had been predicted by mantle derived kimberlite indicator minerals recovered from till samples in the area.

"The opportunity for substantial quantities of diamonds on the Blue Ice Project is now a real possibility. A very large linear kimberlite trend, named the Galaxy Structure, has now been identified. Galaxy is approximately 20 kilometres long and consists of a series of semi-continuous kimberlite dykes and pipe like bodies. This year's drilling has shown that the kimberlites are complex and, as yet, poorly understood, however, substantial volumes of kimberlites can be expected over this 20 kilometre trend. Our company believes the best targets are yet to be tested," Kolebaba said.

The Sand Piper kimberlite is situated near the southeast end of the Galaxy Structure in Nunavut. This year's Blue Ice drilling has tested only five of the numerous magnetic anomalies on the Nunavut side. Additionally, recent prospecting along the Galaxy Structure located outcroppings of kimberlite. Several hundred kilograms of kimberlite from three separate bodies have been collected and are being shipped to SGS Lakefield for diamond recovery.

Kimberlite samples were split and logged in secure facilities at the field camp. Sample bags were put into sealed, solid containers and shipped by air to SGS Lakefield Research in Ontario. SGS Lakefield's standard caustic fusion diamond recovery method was utilized for all samples. SGS Lakefield is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 standard for specific registered tests.

For full information on the Company's core handling protocol, are available on the company's website at www.diamondsnorthresources.com.

Diamonds North trades on the TSX Venture Exchange (Tier 1) under the symbol DDN.

"Bernard H. Kahlert"
Bernard H. Kahlert
Vice President Exploration


Regards

Vaughn



To: WillP who wrote (848)9/24/2002 4:31:14 PM
From: VAUGHN  Respond to of 930
 
Hello Will

Looks like some hedging of bets:

Message 18030056

Regards

Vaughn