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: Famularo who wrote (284)	11/6/2002 10:58:21 PM
From: Salt'n'Peppa	Respond to of 16205

EET & MOA: Tirisano Diamond Mine Officially Opened biz.yahoo.com Wednesday November 6, 1:21 pm ET WINDSOR, NOVA SCOTIA--Etruscan Resources Inc. (EET.TSX) and Mountain Lake Resources Inc. (MOA.TSX Venture) jointly announced that the official opening of the Tirisano Diamond Mine was held on November 5, 2002 in South Africa. The 4,000 tonne per day mine is scheduled to produce 19,200 carats per year. The name given to the mine, Tirisano is derived from the Setswana language and means "working together". Over 350 people were in attendance. The opening was officiated by Gerald McConnell, President and CEO of Etruscan Resources Inc. together with Allen Sheito, President and CEO of Mountain Lake Resources Inc. Speeches were given by Mr. Khaya Ngqula, Chief Executive Officer of the Industrial Development Corporation ("IDC") of South Africa, by Pule Mohutsiwa representing the Bakwena Ba Mogopa Trust and by Sam Louw, Member of Parliament and representative for the Department of Minerals and Energy. Guests at the opening were provided with the opportunity to tour the plant and also to view the extensive gravel runs and the results of the on-going exploration program. Exploration results are confirming continuity of the East Gravel Run over the five-kilometer length surveyed to date. Even more significantly the program is delineating additional potholes with gravel to depths in excess of 60 meters. The common shares of Etruscan are traded on the TSX Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the TSX Venture Exchange under the symbol "MOA".

To: Famularo who wrote (284)	11/7/2002 10:06:18 AM
From: rdww	Respond to of 16205

Pele Mountain Announces New Diamond Discovery at Genesis West Thursday November 7, 10:02 am ET TORONTO, ONTARIO--Pele Mountain Resources Inc. (TSX Venture:YPN - News; "Pele") is pleased to announce the discovery of a new diamond occurrence at Genesis West ("Genesis West"), located 350 meters west of Pele's Genesis diamond occurrence ("Genesis") where Pele recently recovered 53 commercial size diamonds from a 4.5 tonne exploration sample. The measured and modeled grade from the 4.5 tonne sample at Genesis was within the range of currently producing diamond mines (see Pele's press releases dated Sept. 12, 2002 and Oct. 16, 2002). The Genesis West diamond sample was processed by caustic digestion at SGS Lakefield Research Ltd. ------------------------------------------------------------------------ Occurrence Sample # of Diamonds per Sieve Size Total Name Weight Fraction in Microns +104 +150 +212 +300 +425 ------------------------------------------------------------------------ Genesis West 19.4 kg 20 17 10 3 1 51 ------------------------------------------------------------------------ The Genesis West sample returned several well preserved (95 to 99+ %) white transparent octahedrals. The five biggest diamonds recovered were all described as fragments with at least one dimension greater than 0.5mm. The biggest diamond recovered was a fragment that measured 0.68mm x 0.60 mm x 0.52mm. The high quality of the diamonds recovered from this sample lead Pele to return to the Genesis West area in late October 2002 to undertake additional field examinations and to collect additional samples. Genesis West is a fine grained ultramafic volcanic unit with lapilli and breccia size country rock fragments and ultramafic xenoliths that bears a striking similarity to Genesis. Ultramafic units similar to Genesis and Genesis West are also intermittently exposed for more than 400 meters east of, and 300 meters north of Genesis. The Genesis outcrops are part of a succession of volcanic units intermittently exposed in outcrop for more than two kilometers across regional dip that includes the Moet, B1, Mumm, Pommery, Dom Perignon and Salon diamond occurrences. Diamond-bearing volcanic units also extend along the regional strike to the northwest and southeast of these volcanics and have been traced intermittently in outcrop for more than five kilometers. The along strike extension includes the Cristal, East Perch, West Perch and Veuve Cliquot diamond occurrences. According to Dr. Edward Walker, P.Geo., an independent consultant "Exploration at Pele's Festival Property completed to date has discovered a volcanic sequence that contains an important new source of Canadian commercial size and gem quality diamonds. In view of all of the encouraging diamond results, the extensive size of the deposits and the presence of outstanding infrastructure in the area, there is a strong potential for an economic diamond deposit at Pele's Festival Property." 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, P.Geo., of PetroLogic Inc., an independent consultant, and Qualified Person. 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. -------------------------------------------------------------------------------- Contact: Al Shefsky President Phone: (416) 368-7224 www.pelemountain.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To: Famularo who wrote (284)	11/8/2002 2:39:14 AM
From: VAUGHN	Read Replies (1) \| Respond to of 16205

Hello Frank Something to compare future announcements to: Canadian Institute of Mining, Metallurgy and Petroleum - Guidelines for the Reporting of Diamond Exploration Results MONTREAL, Nov. 7 /CNW/ - Draft Guidelines have been recommended and made public for comment (see address below) by the Diamond Exploration Reporting Best Practices Committee established by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). These guidelines are applicable to public companies and their consultants reporting diamond exploration results. In respect of these guidelines, Diamond Exploration Results are results derived from the initial activities undertaken to investigate a diamond bearing prospect or deposit, to generate tonnage, grade and value estimates that cannot be classified as a Mineral Resource or Mineral Reserve. They do not address the earlier stage reporting of geophysical, geochemical or kimberlite indicator mineral results. Public reports of Diamond Exploration Results relating to mineralization not classified as Mineral Resource or Mineral Reserve must address the confidence limits of the results and contain sufficient information to allow a considered and balanced judgement of the significance of the results. The objective of these guidelines is to assist public companies and consultants in making appropriate disclosure of diamond exploration results by reporting in a manner which is: - Uniform within the diamond exploration industry; - Consistent with reporting from other industry sectors. - Comprehensive. - Unambiguous. The guidelines are not prescriptive. Materiality is the overriding principle that determines the information that should be disclosed. However, where a company or consultant deviates from the guidelines, the disclosure or technical report should state the extent to which the guidelines have not been followed, and the reasons for the deviation. The guidelines do not in any way replace jurisdictional reporting requirements ("For example, the requirement for Canadian reporting issuers to comply with Canadian Securities Administrators National Instrument 43-101 by having technical disclosure endorsed by a Qualified Person as defined in that legislation"). To see full details with tables providing specific guidance details, please refer to CIM Website at cim.org Comments should be addressed, by November 30, 2002, to: R.A. Gannicott, President and C.E.O., Aber Diamond Corporation - Tel.: (416) 362-2237, e-mail rgannicott@aber.ca . -30- For further information: 1000 R.A. Gannicott, President and C.E.O., Aber Diamond Corporation - Tel.: (416) 362-2237, e-mail rgannicott@aber.ca Regards Vaughn

To: Famularo who wrote (284)	11/8/2002 3:45:31 PM
From: Famularo	Read Replies (1) \| Respond to of 16205

Darnley Bay arranges $20,000 flow-through financing Darnley Bay Resources Ltd DBL Shares issued 29,759,747 Nov 7 close $0.10 Fri 8 Nov 2002 News Release Mr. Leon La Prairie reports Darnley Bay Resources has negotiated, subject to regulatory acceptance, a private placement of 200,000 units at the price of 10 cents per unit. Each unit will consist of one flow-through common share and one share purchase warrant, with each warrant to entitle the holder to purchase one flow-through common share at a price of 25 cents up to March 31, 2003. The proceeds of this private placement will be used for working capital.