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: E. Charters who wrote (966)	6/12/2003 5:59:08 PM
From: Letmebe Frank	Read Replies (4) \| Respond to of 16206

Eric, Et al: I see another NR from Shear announcing discovery of the third pipe. biz.yahoo.com Tell me please, why Twin hasn't put such a release in a long time, even though they have many targets of similar size and signature? Are they drilling anything or not? The absense of news could be due to dealmaking behind the scenes. Hope its not with DeBeers. Til later - gotta buy tickets from scalpers for tonights Hamilton Bulldogs game. Last professional hockey game in the world for the season. It's going to be a blast - game seven, cup deciding game.

To: E. Charters who wrote (966)	6/12/2003 7:56:21 PM
From: Rocket Red	Read Replies (1) \| Respond to of 16206

Shear Minerals Ltd (C-SRM) - News Release Shear et al. discover third Churchill kimberlite Shear Minerals Ltd SRM Shares issued 26,920,727 Jun 12 2003 close $ 0.96 Thursday June 12 2003 News Release Also Northern Empire Minerals Ltd (C-NEM) News Release Mr. John Robins of Shear Minerals reports THIRD KIMBERLITE DISCOVERED AT CHURCHILL Shear Minerals, Northern Empire Minerals and BHP Billiton have discovered a third kimberlite on the Churchill diamond project. Drill hole No. CD004 was designed to test a circular magnetic high anomaly measuring approximately 225 metres by 300 metres. To date, all three targets drill tested have intersected kimberlite. Drill hole CD001 identified the Qaumallak (Lightning) kimberlite. CD002 and CD003 were drilled into the Kalluk-1 (Thunder) kimberlite. The third kimberlite referred to as Kalluk-2 was drilled approximately four kilometres east of Qaumallak. Drilling continues on the project. The current program is designed to test a minimum of 15 targets. Over 200 geophysical targets have been identified on the project to date. Additional drill results will be reported on a weekly basis. Kimberlite will be processed for diamond analysis by caustic fusion at the Saskatchewan Research Council. Microdiamond results from all drill holes will be reported simultaneously. Given the recent kimberlite discoveries, the joint venture partners have remobilized the crew to the property to resume detailed ground geophysical surveys over targets identified from last year's airborne geophysical program. Additional drill targets are anticipated to be generated from the ground geophysical program. The 2003 program is under the supervision of Dean Besserer, PGeol, of APEX Geoscience Ltd., a qualified person under National Instrument 43-101. Mr. Besserer is responsible for all aspects of the project's supervision, including quality assurance, quality control and sample chain of custody. Drilling is being conducted by Aggressive Diamond Drilling of Kelowna, B.C. Shear has a 51-per-cent interest and is operator of all exploration programs. Northern Empire is earning into a 35-per-cent interest by incurring $750,000 in exploration expenditures. BHP Billiton has a 14-per-cent interest in Churchill, and has also agreed to finance the costs of collection, sampling and processing the initial 200 tonnes of kimberlite. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)