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

To: VAUGHN who wrote (828)	5/21/2003 7:08:12 PM
From: rdww	Respond to of 16205

Pele reports G9+10s' that look like a chart from JBL heavier on 9's than 10's any comments about what it means - someone on SH suggested the 'wisdom' from Chuck is that 9's suggest larger diamonds are present May 21 2003, Toronto: Pele Mountain Resources Inc. (TSX Venture:GEM) ("Pele") (the "Company") is pleased to announce the recovery of kimberlite indicator minerals from bedrock samples of the Cristal diamond occurrence ("Cristal"), where 135 commercial size diamonds including a 0.72 carat white gem quality diamond have been recovered from 113 tonnes of sample processed at independent laboratories. The confirmation of commercial size and gem quality diamonds in association with kimberlite indicator minerals on Pele's Festival Property is an extremely positive development because such associations are often present in producing diamond mines. Rocks with kimberlite indicator minerals such as those recovered from Cristal have the possibility to host economic diamond deposits as they have passed through the earth's mantle within the diamond stability field where commercial size and gem quality diamonds are present. Kimberlite indicator minerals were recovered from 3 rock samples from Cristal that were blasted directly from the outcrop and processed at two independent laboratories. Selected mineral grains were confirmed using electron microprobe analysis. In one of these samples from Cristal, a suite of kimberlite indicators were recovered from a sterilized circuit at SGS Lakefield Research Limited, an ISO 17025 accredited laboratory, the other two samples that returned kimberlite indicator minerals were processed at De Beers' laboratories in South Africa. From these three samples, a combined total of 55 pyrope garnets including 6 harzburgitic (G10) and 45 lherzolitic (G9) garnets and a total of 38 high-magnesium ilmenites and 72 high-magnesium chromites were recovered, including 10 grains that are compositionally similar to that of diamond inclusion chromites. The chemical composition of the kimberlite indicators recovered from Pele's Cristal diamond occurrence is very consistent with other mantle-derived diamond bearing rocks including kimberlite. Exploration during the past three field seasons has shown that the suite of diamond-bearing rocks within the boundaries of Pele's Property is traceable in intermittent outcrop along strike for more than five kilometres and across dip for more than two kilometres. Individual diamond occurrences within this suite have demonstrated widths up to, and exceeding 100 metres. The recovery of commercial size and gem quality diamonds from large outcropping diamond deposits combined with the presence of excellent infrastructure and the possibility of relatively low mining and processing costs suggests a strong potential for an economic diamond deposit within 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 Diamond Property, which is located 25 kms north of Wawa. Pele also owns a 100% interest in two gold projects in northwestern Ontario. This press release had been reviewed and approved by Dr. Edward Walker, P.Geo, of PetroLogic Inc., an independent consultant and Qualified Person. For further information please contact Al Shefsky, President at (416) 368-7224, or visit our website at www.pelemountain.com. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele 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. None of the Company's properties have any known ore body of economic or commercial value.

To: VAUGHN who wrote (828)	5/21/2003 7:20:47 PM
From: E. Charters	Read Replies (1) \| Respond to of 16205

Boothia Felix, of Sheriff Booth of London fame, and Melville Peninsular of Dundas, Viscount Melville. Both have some seds, but Melville is metamorphs, and volcs more. IMHO it means that late kimberlites may survive weller, but early ones are more doubtfuler. On the other hand, what was erosion in the far white north? Glaciers did not scour, nor rain fall that much, though frost heaved. Land was not high. Many sed outliers survived. We are not sure about 1.8 billion years ago, as the arctic was not in the artic then, but somewhere in the southwest altantic-pacific all stuck together with a lot of other clods. What surging rifts and continental hangups or orogenies tropical of weather, we can only surmise. Somewhere up there is an enchanted rock-ed forest, proving that rock is truly around the clock. Rankin-Baker-Chesterfield is some shear ain't it? Been following that one since 1995 or thereabouts. Some paraller zones I warrant. There are high NW structures, and NE too. I like to move with the continents along parallel-to-movement transform faults, near the craton edge. At least your kimbers thusly may have the same characteristics as they plumb the hotspots the continent passes, in like manner. (W.J Atkinson, Namibia) jrhana and we are starting a diamond mining company. We plan to call it Polar Bear Wee-Wee mines Limited. Our strategy is to start diamond mining right away. This curcumvents too much expenditure on exploration. Start looking for kimberlite and you may lose track, as they can take a lot of finding. start mining however and the money rolls in. EC<:-}*****