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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (14400)	7/21/2003 12:35:36 PM
From: Eva	Read Replies (2) \| Respond to of 39344

Dave you might be sorry that you sold your CBD, Well on further studying may be not. Cumberland Resources Ltd (C-CBD) - News Release Cumberland/Comaplex receive barren Meliadine results Cumberland Resources Ltd CBD Shares issued 39,543,683 Jul 18 2003 close $ 2.96 Monday July 21 2003 News Release Also Comaplex Minerals Corp (C-CMF) News Release Mr. Kerry Curtis reports CUMBERLAND ANNOUNCES RESULTS FROM MELIADINE EAST KIMBERLITES Cumberland Resources has received caustic fusion results for samples of kimberlite from the Meliadine East project, a 50/50 joint venture with Comaplex Minerals Corp. The analysis confirmed that nine of the kimberlite bodies were barren. One kimberlite body contained three microdiamonds considered to be insignificant. The three recovered microdiamonds are clear, white stones with octahedroid shapes and are smaller than a 212-micron square-mesh screen. Cumberland will interpret these diamond results when additional petrographic and indicator mineral investigations of the Meliadine East kimberlites are complete. Until such time, no further field work is proposed. Sampling protocol and results Representative composite drill core samples ranging in weight from 32.0 kilograms to 48.0 kilograms were collected from 10 of the 11 geophysical targets confirmed to contain kimberlite. The samples were processed to recover microdiamonds and macrodiamonds by caustic fusion at the Geoanalytical Laboratories of the Saskatchewan Research Council. Nine of the 10 submitted samples collected from 10 of the 11 geophysical targets confirmed to contain kimberlite are reported to contain no natural diamonds larger than a 106-micron square-mesh screen. Three natural microdiamonds were recovered in sample 6-7, weighing 32.0 kilograms. Dr. Herman Grutter (PGeo) of Mineral Services Canada Inc. participated in the logging and sampling of the Meliadine East kimberlites, and is involved in their further assessment. Dr. Grutter is a qualified person in terms of NI 43-101 and has extensive diamond exploration experience in Canada and South Africa. Cumberland is well financed with approximately $19-million in its treasury and is advancing the 100-per-cent held Meadowbank gold project in Nunavut to production. A $10.5-million program, designed to complete a feasibility and start environmental permitting, is under way at the Meadowbank project and is expected to be completed in late 2003. A preliminary assessment completed in January, 2002, indicated the Meadowbank project could support a production rate of approximately 250,000 ounces per year at an estimated cash cost of $168 (U.S.) per ounce over an eight-year mine life, with 85 per cent of gold production from open pit mine designs. Cumberland holds interests in two of the largest undeveloped gold projects in Canada: Meadowbank (100 per cent) and Meliadine West (22-per-cent carried). WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)