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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (29678)	6/2/2005 4:39:57 PM
From: Rocket Red	Respond to of 313121

Tres-Or Resources Ltd (C-TRS) - News Release Tres-Or, Arctic Star finish second hole at Lapointe 2005-06-02 16:34 ET - News Release Shares issued 29,559,533 TRS Close 2005-06-02 C$ 0.26 Also News Release (C-ADD) Arctic Star Diamond Corp Ms. Laura Duffett of Tres-Or reports ARCTIC STAR AND TRES-OR CONTINUE DRILLING ON THE LAPOINTE KIMBERLITE DISCOVERY, TEMAGAMI NORTH PROPERTIES, ONTARIO Tres-Or Resources Ltd. and Arctic Star Diamond Corp.'s drilling on the Lapointe kimberlite discovery continues to progress well. The initial drill program is designed to test the various lobes and sectors of the kimberlite as outlined by the geophysics and to roughly determine the size of the discovery. Four holes are planned in total. The Lapointe kimberlite geophysical signature as outlined by the airborne magnetic response consists of a double lobe, one larger lobe in the west and a smaller one in the east, with a combined area of 20 hectares. The first drill hole targeted the centre of the larger western lobe. It was angled at 62.5 degrees to the north and was designed to: discover the kimberlite; test the centre of the magnetic anomaly; and angle into a coincident, but displaced to the north, time domain EM (electromagnetic) anomaly. As reported in Stockwatch on May 19, 2005, this first drill hole intersected clay and weathered kimberlite at 93 metres and serpentinized kimberlitic breccia at 106.9 metres. The true vertical depth to the first weathered kimberlite intercept is 80.4 metres, suggesting 80 metres of overburden. However, it is possible the weathered kimberlite occurs closer to the surface as core was only recovered from 93 metres down hole and went straight into kimberlite. The hole was completed in kimberlite at 251 metres down hole (203 metres below the surface and 146 metres horizontally north of the collar). Preliminary geological logging of this core reveals that the kimberlitic breccia is greenish-grey, serpentinized and calcite-rich. There is evidence that the kimberlite sampled the mantle (essential if it is to have any diamonds), as it contains typical mantle minerals such as orange garnets and purple-coloured Cr-pyrope garnets, emerald-green chrome diopsides, forsteritic olivine and black oxides. The indicator minerals in the core will be further analyzed by electron microprobe and compared with the prolific indicator mineral samples collected prior to drilling from till immediately down-ice of the magnetic anomaly, which included subcalcic (G10) Cr-pyrope garnets as well as diamond-associated eclogitic garnets and chromites. No unequivocal explanation for the EM anomaly was found to date, except that the kimberlite contains a clay-rich matrix. Further laboratory measurements will be required to determine if this clay can explain the airborne conductivity anomaly. Interestingly, the kimberlite contains numerous limestone fragments. There is no limestone cover mapped to within 24 kilometres of the kimberlite, however, it must have been present at the time the kimberlite erupted falling into the crater/diatreme. It has since been eroded away. The presence of limestone in the diatreme is prima facie evidence that the kimberlite is volcaniclastic in nature. The second drill hole was collared 50 metres south of the first drill hole collar and was angled due south at 60 degrees dip. This hole was designed to roughly determine the southern edge of the western lobe and test this sector of the magnetic anomaly. Coring was started early to ensure the companies captured any weathered kimberlite, overburden contact. Kimberlite breccia was intersected at 63 metres down hole (51 metres vertical depth). The hole exited kimberlite at 97 metres down hole (78.5 metres vertical depth, 57 metres horizontally south of the collar) and was completed at 107 metres in granite. The first two holes indicate that the western lobe of the Lapointe discovery has width of least 253 metres of kimberlite along this north-south section which is still open to the north. The third hole is designed to test the eastern lobe of the Lapointe kimberlite discovery. The drill is mobilizing to the planned site and drilling is expected to commence by the weekend. The third hole will be a slightly angled hole and will test what is described as the eastern lobe of the geophysical anomaly. The fourth drill hole planned is designed to test the northern boundary of the western lobe of the Lapointe kimberlite and at the same time retest the EM anomaly. After the completion of these four holes the core will be logged in detail and then split with half the core going for caustic fusion to check for diamond content. Other portions of the core will be used to extract indicator minerals, determine geophysical properties, age dating and other geological studies. Once this first phase of drilling on the Lapointe kimberlite discovery is complete, the drill rig will move to other kimberlite-like geophysical targets in area. Ground crews are currently refining these targets with ground-based geophysical surveys. Harrison Cookenboo, PhD, PGeo, a qualified person by the standards of National Instrument 43-101, has been responsible for design and implementation of the field program. Dr. Cookenboo examined the core in the field and approved this press release. Tres-Or is the project operator.