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


To: Letmebe Frank who wrote (2583)3/7/2005 12:10:43 PM
From: VAUGHN  Read Replies (2) | Respond to of 16203
 
Hello Frank

***OFF THE WIRE***

Shear announces $5 million exploration budget at Churchill for 2005


Shear Minerals Ltd. (SRM:TSXV), Stornoway Diamond Corporation. (SWY:TSX) and BHP Billiton Diamonds Inc. (BHP Billiton) today announced the approval of a $5 million exploration program and budget to drill test up to 50 geophysical targets located at the head of discrete mineral trains containing high-interest indicator mineral chemistry.

The drill targets were selected after careful integration and review of the Churchill Project data base which now contains more than 6,600 surface samples and 69,000 line km of magnetic and electromagnetic data.

Logistically it is expected that the 2005 exploration program at Churchill will commence in early March with the mobilization of a new field camp to be located in the core area of interest. Ground geophysical crews will follow up selected anomalies and drilling is planned to commence in early April and continue through to the end of the summer season.

In 2003 and 2004, Shear and its partners discovered 24 kimberlites over a wide area on the Churchill and Churchill West projects. Eleven of the kimberlites were diamond bearing. The partners have now narrowed down the areas of interest to two priority corridors – the Josephine River and Sedna corridors – which contain the most compelling G10 pyrope mineral chemistry.

“This year’s aggressive drill campaign aims to test up to 50 targets. Drilling in the spring will focus on targets under lakes where we will conduct ice-based drilling,” says Shear President and CEO Pamela Strand. “Drilling will continue into the summer on land-based targets. After three years of systematic exploration we finally have a sample density and geophysical dataset to focus on discovering the source to the high diamond potential G10 pyrope indicator mineral chemistry.”

On February 1, 2005, the partners were granted additional federal prospecting permits bringing the total acreage being explored at the Churchill Diamond Project to more than 9 million acres located near the community of Rankin Inlet and Chesterfield Inlet in the Kivalliq region of Nunavut. The project is owned by joint venture partners Shear, which has a 51% interest and is the operator, Stornoway (35%) and BHP Billiton (14%). The 2005 field program is under the supervision of Jennifer Burgess, P. Geo., a Qualified Person under NI 43-101.

On behalf of the Board

STORNOWAY DIAMOND CORPORATION

/s/ “Eira Thomas”

Eira Thomas

President



For further information, please contact the Company at 604-331-2259 or 1-888-338-2200

www.stornowaydiamonds.com




On behalf of the Board

SHEAR MINERALS LTD.

/s/ “Pamela Strand”

Pamela Strand, P. Geol.

President


Regards

Vaughn






To: Letmebe Frank who wrote (2583)3/18/2005 8:43:32 PM
From: Letmebe Frank  Respond to of 16203
 
+++ Canadian Diamond mining and exploration Co. Caps & Change:

Added to list:

Indicator Minerals:
indicatorminerals.com

Motapa Diamonds:
motapadiamonds.com

I’ve decided to use the Basic shares outstanding per TSE.com to determine market caps. I have included Shores financing shares of 21.2 million over the listed 72,234,000 basis shares outstanding.
.
List, sorted by decling market cap, as per 1/1/05

. . YTD 2 Week Market
. Symbol Change Change Cap
Aber Diamond ABZ.TO -7.0% -5.8% 2,276,260,398
Tahera TAH.TO 44.0% -3.6% 350,434,447
Energem Resources ENM.TO 63.2% 20.2% 374,840,167
Shore SGF.TO 115.0% -10.0% 588,634,200
Stornoway SWY.TO 1.7% -1.6% 132,920,577
Etruscan EET.TO -13.5% -1.2% 109,025,632
Mountain Province MPV.TO 22.2% 10.0% 115,699,863
Ashton ACA.TO 41.9% 0.7% 113,864,347
Archon ACS.V -0.7% -9.7% 72,293,747
Kensington KRT.V 159.4% 6.6% 167,834,461
Diamondex DSP.V -16.7% -1.3% 46,028,718
SouthernEra Dia SDM.TO -9.0% 5.8% 37,958,342
Diamond Fields DFI.TO 15.7% -9.4% 33,109,633
Spider Resources SPQ.V 0.0% -9.4% 28,279,113
Diamonds North DDN.V 1.0% -10.9% 28,993,102
Sudbury Contact CO.TO 10.3% -1.1% 26,854,468
Twin TWG.TO -9.8% -5.1% 24,487,255
Metalex MTX.V 52.9% 51.2% 39,485,333
China Diamond CDC.V -7.7% -4.0% 24,356,173
Motapa Diamonds MTP.V 56.3% 25.0% 34,763,531
Dianor Inc. DOR.V 49.2% -6.0% 32,751,732
KWG Resources KWG.V -8.6% -5.9% 17,982,360
Shear SRM.V 64.7% 24.4% 30,409,916
Consolidated Global CK.V -50.0% -11.8% 9,397,896
Cantex Mine Devel CD.V 25.0% 50.0% 21,296,060
Mountain Lake Res MOA.V -11.7% -2.9% 13,570,604
GGL GGL.V 14.3% 21.2% 15,187,048
Strongbow SBW.V 10.8% -10.0% 13,299,159
True North Gems TGX.V 3.5% -7.3% 11,920,439
Arctic Star ADD.V 10.9% -3.8% 12,243,282
Majescor MAJ.V -13.6% -2.6% 9,108,312
Pele Mountain GEM.V -4.5% -2.3% 9,765,890
Band-Ore BAN.TO -25.0% -9.3% 7,746,014
Camphor Ventures CFV.V 35.5% 16.7% 10,888,219
Snowfield Develop SNO.V -2.5% -2.5% 7,214,698
Caldera CDR.TO -5.3% -5.3% 6,224,357
Indicator Mineral IME.V 0.0% 0.0% 6,927,216
Hudson Resources HUD.V 62.5% 30.0% 9,531,618
Dios DOS.V 6.8% -13.0% 6,333,770
Dunsmuir DVV.V 0.0% -16.7% 5,620,315
Int'l Samuel SAZ.V -5.9% -15.8% 4,718,756
Dentonia Resource DTA.V 0.0% -27.3% 4,324,620
Kettle River Reso KRR.V 83.8% 0.0% 2,217,348

.
List, sorted by highest YTD Change
Kensington KRT.V 159.4% 6.6% 167,834,461
Shore SGF.TO 115.0% -10.0% 588,634,200
Kettle River Reso KRR.V 83.8% 0.0% 2,217,348
Shear SRM.V 64.7% 24.4% 30,409,916
Energem Resources ENM.TO 63.2% 20.2% 374,840,167
Hudson Resources HUD.V 62.5% 30.0% 9,531,618
Motapa Diamonds MTP.V 56.3% 25.0% 34,763,531
Metalex MTX.V 52.9% 51.2% 39,485,333
Dianor Inc. DOR.V 49.2% -6.0% 32,751,732
Tahera TAH.TO 44.0% -3.6% 350,434,447
Ashton ACA.TO 41.9% 0.7% 113,864,347
Camphor Ventures CFV.V 35.5% 16.7% 10,888,219
Cantex Mine Devel CD.V 25.0% 50.0% 21,296,060
Mountain Province MPV.TO 22.2% 10.0% 115,699,863
Diamond Fields DFI.TO 15.7% -9.4% 33,109,633
GGL GGL.V 14.3% 21.2% 15,187,048
Arctic Star ADD.V 10.9% -3.8% 12,243,282
Strongbow SBW.V 10.8% -10.0% 13,299,159
Sudbury Contact CO.TO 10.3% -1.1% 26,854,468
Dios DOS.V 6.8% -13.0% 6,333,770
True North Gems TGX.V 3.5% -7.3% 11,920,439
Stornoway SWY.TO 1.7% -1.6% 132,920,577
Diamonds North DDN.V 1.0% -10.9% 28,993,102
Spider Resources SPQ.V 0.0% -9.4% 28,279,113
Indicator Mineral IME.V 0.0% 0.0% 6,927,216
Dunsmuir DVV.V 0.0% -16.7% 5,620,315
Dentonia Resource DTA.V 0.0% -27.3% 4,324,620
Archon ACS.V -0.7% -9.7% 72,293,747
Snowfield Develop SNO.V -2.5% -2.5% 7,214,698
Pele Mountain GEM.V -4.5% -2.3% 9,765,890
Caldera CDR.TO -5.3% -5.3% 6,224,357
Int'l Samuel SAZ.V -5.9% -15.8% 4,718,756
Aber Diamond ABZ.TO -7.0% -5.8% 2,276,260,398
China Diamond CDC.V -7.7% -4.0% 24,356,173
KWG Resources KWG.V -8.6% -5.9% 17,982,360
SouthernEra Dia SDM.TO -9.0% 5.8% 37,958,342
Twin TWG.TO -9.8% -5.1% 24,487,255
Mountain Lake Res MOA.V -11.7% -2.9% 13,570,604
Etruscan EET.TO -13.5% -1.2% 109,025,632
Majescor MAJ.V -13.6% -2.6% 9,108,312
Diamondex DSP.V -16.7% -1.3% 46,028,718
Band-Ore BAN.TO -25.0% -9.3% 7,746,014
Consolidated Global CK.V -50.0% -11.8% 9,397,896


LMBF