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

To: james flannigan who wrote (1456)	10/21/2003 6:37:29 PM
From: rdww	Read Replies (1) \| Respond to of 16206

METALEX JOINT VENTURE DISCOVERS NEW KIMBERLITE During wide-spaced grid drilling with an auger-core rig, the Metalex/Arctic Star joint venture intersected kimberlite at a depth of seven metres carrying through to the end of the 12-metre-deep hole. A hand-panned concentrate of weathered kimberlite from the vertical hole contained kimberlite indicator minerals (abundant picroilmenite as well as subordinate chromite, olivine and chrome diopside). A 35-kilogram (kg) sample of weathered kimberlite was recovered and is being shipped to the C.F. Mineral Research Ltd. laboratory for diamond and diamond indicator mineral analysis. To date, the auger-core drill has been used to complete about 200 vertical holes on grid lines positioned to discover the source of five traits of abundant indicator minerals. These indicator minerals possess exceptional diamond inclusion compositions typically present in kimberlites with substantial diamond grades. The foregoing intersection is most encouraging, for it suggests that other kimberlites undetected by airborne magnetics could be present on the company's joint venture claims. A geophysical crew is completing orientation testwork on the newly discovered kimberlite in order to establish whether or not geophysical methods, other than airborne magnetics, may be used to assist the auger-core program aimed at discovering the source of the exceptional diamond inclusion mineral trails. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com