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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (595)	8/26/2003 3:35:29 PM
From: Letmebe Frank	Read Replies (2) \| Respond to of 613

NR: Twin Mining's Jackson Inlet new kimberlite finds enhance diamond discovery potential biz.yahoo.com Tuesday August 26, 8:30 am ET TORONTO, Aug. 26 /CNW/ - Twin Mining Corporation (TWG-TSX) is pleased to report a significant discovery of kimberlite fragments along a NE-SW corridor that connects Freightrain with Cargo1. The fragments, which are interpreted to originate from kimberlite bodies beneath and brought to surface by frost boil action, are distributed across up to 50 meters width within this corridor. They were surveyed and sampled over a distance of 1.7-km, 1 km SW from Cargo1 towards Freightrain and 0.7 km to the NE beyond Cargo1. The fragments show no evidence of transport. The samples are being analyzed at Lakefield Research Limited for diamonds, kimberlite indicator minerals and their petrographic character. Results from this analysis are expected shortly and will be reported as soon as they become available. These results are highly significant as they demonstrate the potential for further occurrences of diamondiferous kimberlite for this new kimberlite province, which has already produced more than 50 carats of high quality diamonds from the Freightrain pipe. Following the recent site visit to Jackson Inlet Dallas Davis, P.Eng., Twin Mining's Consultant - Diamond Mining, stated that: "The new discovery confirms the validity of Twin Mining's structural model for locating additional kimberlite pipes. It had been noted that Freightrain is at the intersection of prominent geological and magnetic features. A magnetic high, representing Precambrian diabase dykes, crosses the peninsula from southeast to northwest. A corridor, representing a fault zone, crosses the peninsula from southwest to southeast. This latter feature is interpreted as one of the more prominent northeast-trending geological faults that border a graben between the Brodeur Peninsula and Somerset Island to the west of it." "Although the Cargo 1 pipe proved to be in a similar structural setting as Freightrain, it is the latest discovery of kimberlite fragments which definitively establishes the importance of the northeast-southwest faults as channel ways for kimberlite magma to come to surface. With the model now confirmed, the potential is considerably enhanced for future discoveries, not only on the southwest-northeast trend, which contains the Freightrain and Cargo1 discoveries, but also along several parallel corridors within Twin Mining's claim blocks". Mr. Dallas W. Davis, P.Eng., of Dalmin Corporation, is Twin Mining's Qualified Person "for all geological aspects of Twin Mining's Jackson Inlet diamond exploration program as defined by National Instrument 43-101".