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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?

To: Chas. who wrote (3501)	9/8/2003 8:22:19 PM
From: Berry Picker	Read Replies (1) \| Respond to of 19697

SRM is getting ready to move - padded themselves with a bunch of cheap paper - time to move the stock :-) LOOK AT THIS : Shear Minerals Ltd (C-SRM) - News Release Shear et al. phase II drilling extends Churchill area Shear Minerals Ltd SRM Shares issued 41,850,123 Sep 5 2003 close $ 0.85 Monday September 8 2003 News Release Also Stornoway Diamond Corp (C-SWY) News Release Ms. Pamela Strand of Shear reports CHURCHILL DIAMOND PROJECT: FOUR NEW KIMBERLITES DRILLING 25+ ADDITIONAL HIGH PRIORITY TARGETS IDENTIFIED FROM NEW SURVEY Four new kimberlite pipes have been drilled in the second phase of this year's exploration program, which began in August and is nearing completion. This brings the total number of kimberlite pipes on the Churchill diamond project to 15 and has expanded the discovery area a further 15 kilometres to the north. In addition, more than 25 high-priority kimberlite targets have been identified from preliminary airborne magnetic data currently being collected on the Churchill diamond project. The second phase drilling program was designed to test a variety of geophysical signatures in areas where favourable G10 pyrope geochemistry has been identified. Two of the four kimberlites are associated with strong magnetic lows identified from the new airborne data, one of which is located up-ice from an area where indicator minerals with diamond inclusion chemistry have been recovered. To date, all of the magnetic lows drilled on the property have been kimberlites. Representative samples are being collected from the kimberlites and submitted for microdiamond analysis to the Saskatchewan Research Council (SRC), an independent laboratory. "The results from the airborne survey and the second phase of drilling have given us added confidence that we are in the early stages of delineating a large kimberlite field, said Pamela Strand, president and chief executive officer of Shear Minerals. "Our challenge now is to identify the sources of the exceptional indicator minerals that have been recovered on the property." The Churchill project encompasses more than 1.5 million acres located near the community of Rankin Inlet in the Kivalliq region of Nunavut. Field programs currently under way include heavy minerals sampling, airborne and ground geophysics. The 2003 field program is under the supervision of Dean Besserer, PGeol, of APEX Geoscience Ltd., a qualified person under National Instrument (NI) 43-101. Shear has a 51-per-cent interest and is operator on the Churchill diamond project. Stornoway Diamond and BHP Billiton have 35-per-cent and 14-per-cent interests, respectively.