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Gold/Mining/Energy : Shore Gold C.sgf -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (533)	12/8/2003 5:49:24 PM
From: Rocket Red	Read Replies (1) \| Respond to of 550

Shore Gold Inc (C-SGF) - News Release Shore Gold's Star diamond shaft sinks to 173 metres Shore Gold Inc SGF Shares issued 33,684,916 Dec 5 2003 close $ 1.63 Monday December 8 2003 News Release Mr. George Read reports STAR DIAMOND PROJECT - SHAFT REACHES 173 METRES LATERAL DRIFTING COMMENCES The shaft into the Star kimberlite has reached 173 metres below surface and the mining contractor, Thyssen Mining, has commenced the construction of a shaft station that will facilitate access to the lateral drift. The station will also be used for the assembly of a diesel load-haul-dump (mechanical scoop), which will be used to rapidly haul kimberlite out of the drift and back to the shaft for haulage to surface. Shore has elected to establish the first lateral drift on this level based on geological and geotechnical parameters. The rock at this level is classified as a coarse grained macrocrystic kimberlite, which contains abundant indicator minerals. To date, in excess of 4,000 tonnes of kimberlite have been recovered from the shaft and stockpiled on surface. The kimberlite stockpile is stored as a series of individual samples defined according to depth of recovery. These samples will be batch processed through the plant The construction of the 10-tonne-per-hour on-site dense media separator (DMS) processing plant has been completed. The plant will be powered by a 680 kilowatt on-site diesel generator. The final wiring of the plant will be completed this week when the connection is made to this generator. Once the generator is connected all motors and pumps will be tested in preparation for final commissioning which will be completed by technicians from Bateman Engineering, the plant manufacturers. An 80-by-30-metre coverall has been established over the plant to enable operation of the plant during the Saskatchewan winter. An ambient temperature of 10 C is anticipated inside the coverall. The shaft will ultimately be sunk to 250 metres below surface and will produce at least 5,000 tonnes of kimberlite while approximately 20,000 tonnes of kimberlite will be collected from more than one lateral drift. The shaft and lateral drifts will provide easy access to the kimberlite for future underground delineation drilling. The Star Diamond project is designed to recover a parcel of at least 3,000 carats of diamonds to enable an accurate valuation of the stones. About 25,000 tons of kimberlite will be recovered from the shaft and drifts and processed on site to produce this diamond parcel. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)