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

To: Famularo who wrote (174)	9/17/2002 10:19:53 AM
From: Famularo	Read Replies (1) \| Respond to of 16206

Oasis/Iciena/Artic Star add McCallum to look for rocks Arctic Star Diamond Corp ADD Shares issued 16,220,766 Sep 16 close $0.23 Tue 17 Sept 2002 News Release See (CSI) News Release Mr. Rejean Gosselin of Oasis Diamond Exploration reports OASIS DIAMOND EXPLORATION INC.: NEW DIAMOND EXPLORATION PROGR ... Oasis Diamond Exploration and partners, Arctic Star Diamond and Iciena Ventures, have contracted Malcolm E. McCallum, a professor emeritus of geology and research geologist at Colorado State University to visit the Enigma and MZ2002 site in order to complete the mapping, trenching and followup with 2-1/2-inch drilling core to verify the existence of commercial size diamonds. This program is recommended by C.F. Minerals, a consultant of the project. Mr. McCallum has been involved in kimberlite and diamond-related research and exploration since 1964, and was a major participant in the discovery of a number of diamondiferous kimberlites in Colorado, Wyoming, Venezuela, British Columbia and the Northwest Territories. Conclusions by C.F. Minerals "Eight rock samples and three 1-1/4-inch drill core samples from the Ontario diamond project were submitted for indicator mineral processing and micro diamond extraction. A number of kimberlitic indicators minerals, including pyropes, eclogitic garnets, Ti-chromites and picroilmenites, were recovered from the some of the samples. Note that Ti-chromites have not been reported in any rock types besides kimberlites or lamproites. The lack of Ti-rich phlogopites, which are diagnostic of lamproites, supports a kimberlitic origin. "Based on the presence of diamonds, Ti-chromites and other kimberlitic indicator minerals, the lack of lamproitic indicators, whole-rock chemistries, petrography and geological logging, it is concluded that the Oasis samples are metamorphosed kimberlites and not lamproites or lamprophyres. The abundance and quality of macro- and microdiamonds in samples OASIS 001-01, -02, -07 and MZ2002 (press releases Mar. 18 and June 13, 2002 (see news in Stockwatch on these dates)) are particularly encouraging and may be comparable to some of those from the Northwest Territories. It is recommended that geological mapping and trenching be done in the areas where high quantities of diamonds were recovered. Depending on the mapping and trending results, core drilling might be warranted to delineate the economic potential of the metamorphosed kimberlites."