GGL Diamond continues Slave craton exploration
GGL Diamond Corp GGL
Shares issued 43,722,510 Nov 6 close $0.23
Thu 7 Nov 2002 News Release
Mr. Raymond Hrkac reports
DIAMOND EXPLORATION, SLAVE CRATON, NORTHWEST TERRITORIES, CANADA The highlights of this year's exploration are the discovery by drilling of a cluster of three kimberlites 40 kilometres south-southwest of the Ekati diamond mine on the company's 100-per-cent-owned Seahorse claims and the completion of the most extensive exploration program undertaken by the company on its wholly owned claims. The latter, the third of the yearly exploration programs, is expected to focus the company's kimberlite drill targets for 2003 while exploring new areas for drilling in 2004. The three kimberlites appear to be irregular pipe-like intrusions that model plus or minus one hectare in size. A piece of drill core was sent to
Roger H. Mitchell FRSC, DSc, PhD, consultant petrologist, for
identification. His petrographic report to the company under the heading Classification states: "On basis of thin section petrographic examination this rock is classified as a hypabyssal spinel phlogopite serpentine kimberlite. Diamond analysis from SRC have been received today for all three kimberlites." No microdiamonds and no macrodiamonds are reported. Sample sizes were: drill hole CH02-08SE 163.75 kilograms, drill hole CH02-09SE 97.15 kilograms and drill hole CH02-10SE 78.50 kilograms. 2002 sampling program Heavy mineral sampling for kimberlite indicator minerals during 2000 and 2001 was successful on the Seahorse, Starfish, Mackay, Winter Lake North and Courageous claims within the CH project area south and west of Lac de Gras. This season follow-up indicator mineral sampling was completed on the Seahorse (161 samples), Starfish (261 samples), Mackay (49 samples), Winter Lake North (128 samples), and new sampling was completed on Winter Lake South (89 samples) and the G claims (152 samples). A total of 874 heavy mineral samples and 971 soil samples were collected including the above areas and elsewhere in the Slave craton of the Northwest Territories, Canada. In addition, several ground geophysical surveys, geophysical anomaly ground checks and surficial mapping were completed over portions of the claims. Future programs The company's future plans will be directed by the results of the work completed in 2002. Results from the heavy mineral samples are expected over the period of November, 2002, to March, 2003. Soil sample results have now been received and are being evaluated. To date the northwest portion of the courageous claims have exceptionally strong soil sample signatures for an ultrabasic rock, possibly kimberlite. The company has a number of geophysical targets, with indicator mineral support, selected for drilling. These will be prioritized on the basis of results from this year's work. Geophysical surveys both ground and airborne are planned for the early winter of 2003. Doyle Lake LA 1-25 mineral claim This property adjoins the Mountain Province claims approximately 275 kilometres east-northeast of Yellowknife. De Beers has earned a 60-per-cent interest in the claims and is project operator (the company has a 40-per-cent carried interest). Results from 136 glacial sediment samples taken in 2001 have now been reported. Two samples in the Squiggly Lake indicator dispersion train (formerly named the Ken (Carl) Hicks train) contain counts of 10 and three garnets and were followed up with 32 samples this year. In addition, one sample in the east portion of the claims, containing four garnets was followed up with 16 samples. Results are pending. Legal proceedings: Doyle Lake LA 26-30, Easy 1-3 claims, Section 84 judicial review The LA 26-30 mineral claims containing 12,717 acres and the Easy 1, 2 and 3
claims containing 7,747 acres in the Doyle Lake area, Northwest
Territories, were located on ground occupied by earlier claims filed by a third party. The company asserted these earlier claims had been located in contravention of the Canada mining regulations. The supervising mining recorder appointed under the Canada mining regulations made a decision dated May 10, 1996, agreeing with the position taken by the company and the LA 26-30 and Easy 1, 2 and 3 mineral claims were recorded in the name of the company subject to an appeal filed by the third party pursuant to Section 84 of the Canada mining regulations. On appeal, the supervising mining recorder's decision was overturned by the assistant deputy minister's (ADM) decision dated November, 1997. The company filed for judicial review by the Federal Court of the November, 1997, decision and on Feb. 24, 1999, that decision was set aside and the supervising mining recorder's May 10, 1996, decision was restored subject to another ministerial review by a person other than the one who conducted the review which was set aside; such new review to be conducted in accordance with the reasons given by the Federal Court. On March 24, 1999, the company was served with a notice of appeal for the appeal of the Federal Court decision to the Federal Court of Appeal. On Sept. 12, 2000, the Federal Court of Appeal set aside the decision of the ADM of Indian
Affairs and Northern Development of November, 1997, where the ADM
overturned the May 10, 1996, decision of the supervising mining recorder. The Federal Court of Appeal remitted the matter to the minister or his delegate other than the one who conducted the review which was set aside for "redetermination de novo in accordance with the reasons for judgement of this Court." This year the company was advised that the minister had appointed a tribunal. The tribunal has contacted the company's lawyers and has set the first timelines for submissions and replies to be completed by Oct. 15, 2002. This has been done and the tribunal has instructed the applicants to have their final brief in by Nov. 30, 2002. The company will have to Dec. 30, 2002, to reply, at which time we expect the tribunal to inform the company if further proceedings are required. |
