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


To: Letmebe Frank who wrote (3836)2/20/2006 8:27:27 PM
From: Natedog  Respond to of 16206
 
I'm very keen on MTX. IMHO the market cap is what could cause MTX to be one of the short term explosive stories that we look for. CF is doing a 200 ton sample for obvious good reason. He has been outlining them in releases for months!

Due to the slow progress of the ATTA play many may be skeptical, however T1 or Greenland could prove just as rich. With limited major partners I think it is also one of the better plays. No RIO, Debeers, or partners to screw it all up. Only Chuck can do that and I think he learned his leasson last time!

So, how long does a 200 ton sample take? The choppers should be flying in soon now. It's almost time to see if the deposit is there in quantity! Then hold on as others clue in. The limited float will make for a ride. Even more so if the rocks are worth decent dollars.



To: Letmebe Frank who wrote (3836)3/29/2006 8:23:12 AM
From: Letmebe Frank  Read Replies (1) | Respond to of 16206
 
Dianor recovers 3,381 diamonds from Leadbetter

2006-03-28 17:13 ET - News Release

Mr. John Ryder reports

3,381 DIAMONDS INCLUDING 19 COMMERCIAL SIZED STONES RECOVERED FROM FIFTH DRILL HOLE ON THE LEADBETTER DIAMOND PROPERTY - DIAMOND TREND CONTINUES TO THE EAST

Dianor Resources Inc. has received diamond results from the Saskatchewan Research Council's (SRC) laboratory for split NQ and full BQ core from drill hole Chab 05-12.


CAUSTIC FUSION RESULTS FOR
DRILL HOLE CHAB 05-12 BY LITHOLOGY

Rock From To Length Weight
type m kg

DBR 42.67 76.43 33.76 68.55
DBR 129.50 198.93 69.43 158.60
DBR 202.50 417.15 214.65 533.45
Total 317.84 760.60

Rock Sieve aperture in microns(*)
type +75 +106 +150 +212 +300 +425

DBR 53 31 19 5 3 1
DBR 92 76 39 36 11 5
DBR 1217 731 440 309 164 87
Total 1362 838 498 350 178 93

Rock Sieve aperture in microns(*) Total
type +600 +850 +1180 diamonds

DBR 0 0 0 112
DBR 2 0 0 261
DBR 40 12 7 3,008
Total 42 12 7 3,381

(*) 1,000 microns equals one millimetre.

BR equals Leadbetter diamond-bearing conglomerate.

NQ (47.6-millimetre) drill core from 9.7 to 313.5 metres, core split and only half core tested for diamonds by caustic fusion.

BQ (36.5-millimetre) drill core from 313.5 metres to end of drill hole at 429 metres. Full core tested for diamonds by caustic fusion.

A total of 155 samples (88 NQ plus 67 BQ) were caustically fused to recover diamonds.

The largest diamond, not included in the above table as it was recovered from the plus-1,700-micron screen, measured 2.24 millimetres by 1.60 millimetres by 1.46 millimetres and weighed 0.062 carat, and is described as amber, included dodecahedron.

Drill hole Chab 05-12 is located 200 metres to the east of drill hole Chab 05-11 along the east-west fence of holes commencing with Chab 05-08. Results from these four drill holes (news in Stockwatch dated of Sept. 22, Nov. 21, Dec. 21, 2005, Jan. 24, 2006) indicate that diamonds are persistent throughout the Leadbetter conglomerate along the drilled fence for a distance of 800 metres in an east-west direction. Diamond results from a further three drill holes (Chab 05-13, 05-14 and 05-19) drilled to the east of Chab 05-12 are awaited. Results will be released when received from SRC.

     SUMMARY OF PREVIOUSLY RELEASED 
CAUSTIC FUSION DRILL HOLE RESULTS

Rock From To Length Weight
type m kg

Chab 05-08
DBR 0.30 22.90 22.4 66.09

Chab 05-09
DBR 3.00 57.10 54.1 118.99

Chab 05-10
DBR 0.70 138.00 137.30 320.59

Chab 05-11
DBR 30.80 44.96 13.16 32.25
DBR 77.54 241.90 164.36 363.67

Total 879 521 270 172

Rock Sieve aperture in microns(*)
type +75 +106 +150 +212 +300

Chab 05-08
DBR 82 56 41 21 12

Chab 05-09
DBR 217 135 117 66 52

Chab 05-10
DBR 701 358 205 146 84

Chab 05-11
DBR 71 41 40 16 6
DBR 808 480 230 156 85

Total 879 521 270 172 91

Sieve aperture
Rock in microns(*) Total
type +425 +600 +850 +1180 +1700 diamonds

Chab
05-08
DBR 5 5 2 0 0 226

Chab
05-09
DBR 14 6 2 1 0 610

Chab
05-10
DBR 37 23 4 1 1 1,560

Chab
05-11
DBR 7 1 1 0 0 183
DBR 48 19 3 2 0 1,831

Total 55 20 4 2 0 2,014

(*) 1,000 microns equals one millimetre.

The top portion of drill hole Chab 05-12 intersected a 32.97-metre interval (from 9.70 to 42.67 metres) of diamondiferous (two diamonds) volcanic rock that may be related to the Leadbetter conglomerate. This was followed by a 33.76-metre interval (from 42.67 to 76.43 m), which intersected the Leadbetter conglomerate. Split core from this interval contained 112 diamonds. Underlying this (from 76.43 to 129.50 m), a succession of intercalated sediments and volcanics was intersected and found to carry one diamond. Below this, from 129.50 to 198.93 metres down the hole (69.43-metre intercept), the Leadbetter conglomerate was intersected. Caustic fusion results indicate that this interval contained 261 diamonds. Below this interval a thin (3.57-metre) sandstone unit was intercepted, containing one diamond. Then from 202.5 to 417.15 metres the Leadbetter conglomerate was intersected. Split NQ and full BQ core from this interval contained 3,008 diamonds. Drill hole Chab 05-12 ended in a siltstone-sandstone unit, which contained no diamonds.

Results of the caustic fusion diamond recovery continue to demonstrate the persistently diamondiferous nature of the conglomerate. The occurrence of larger-sized diamonds (commercial size greater than 0.85 millimetre) in the small samples of split NQ and full BQ drill core is very encouraging.

The diamond results from the first five drill holes, drilled in the northern sector of the Leadbetter diamond property, are nearly identical to those recovered from similar-sized samples taken from surface bedrock in the vicinity of the drill holes during the due diligence phase of the exploration (news in Stockwatch dated Feb. 15, 2005). These early diamond results from the drilling in conjunction with the surface diamond results also indicate diamond continuity through the conglomerate both laterally and at depth in this area of the northern sector.

Processing of the mini-bulk samples through the DMS (density media separation) plant at SGS Lakefield continues with the first results expected by the end of April.

Carl G. Verley, PGeo, is the qualified person responsible for the technical contents of this press release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States or to United States persons unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.