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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?


To: George J. Tromp who wrote (39)12/29/1997 2:27:00 PM
From: grampa  Respond to of 2251
 
George,

Gramma got me over being shy years ago.

Thanks to both you and John for your reply's.

:-)

grampa



To: George J. Tromp who wrote (39)12/29/1997 4:37:00 PM
From: Mark Bartlett  Read Replies (1) | Respond to of 2251
 
George,

Meant to ask .... can you recommend any good books/literature that detail the nitty-gritty of diamond exploration/mining. I was as a course put on by the Northern Miner in November - enjoyed the course, thought it was well worth it - but it did not cover much about diamond exploration evaluation.

Also contacted Caldera as promised. Presently they have 1.9 million in the till. Their JV is with Astro Gold (presently doing DD on some of CDR's samples). They are at www.ausgold.com.

Here is a copy of their last PR:

Caldera Resources Inc. Company Announcement

TORONTO--(BUSINESS WIRE)--Dec. 15, 1997--Caldera Resources Inc.
ME:CDR. - news) wishes to announce that, through its Australian subsidiary, Caldera Resources N.L., it has reached agreement with Astro Mining N.L., an Australian Stock Exchange listed diamond exploration company, for that company to conduct a due diligence assessment whereby at the completion of that assessment Astro can elect to farm in to Caldera's interests in the Abminga Diamond Project in South Australia.

Caldera identified the Abminga Project from a conceptual exploration model developed by management, secured the land position and conducted the initial exploration. Over Aust. $2,000,000 as been spent, primarily on exploration drilling of 15 pipe targets one of which has so far been found to be diamondiferous. Caldera has identified at least 235 additional targets that requires a partner with strong financial resources. This association with Astro is considered to be of major benefit to the project.

Astro will immediately commence the processing of 3 tonnes of Caldera drill samples for diamonds, will carry out 1000m of core drilling and review data as part of a 6 month due diligence period. Thereafter, if Astra elects to proceed it will pay Aust. $100,000 to Caldera and complete an Aust. 1.0 million exploration program over the next 12 months. If Astro elects to proceed after fulfilling these requirements, Astro must pay Caldera Aust. $500,000 and complete an Aust. $16.0 million exploration program to earn a 60 percent interest in the Project. If the 60 percent interest is earned,a joint venture is formed and Astro will have the right to earn an additional 10 percent interest in the Project by funding the costs of a bankable feasibility study for the Project. The formal documentation is subject to approval by Astro's Board and regulatory approval.

Astro Mining was formed in 1983 and is one of the most active diamond exploration companies presently operating in Australia having extensive diamond exploration interests in Western Australia nd in China. Exploration in Western Australia is concentrated in the Archaean Yilgarn Block and the adjacent Nabberu Basin. The Company's China exploration interests are located in the Xinjiang, Liaoning and
Shandong Provinces.

Astro maintains a strong technical team and has its own diamond testing laboratory in Perth. Access to this technical support and laboratory facilities will allow much more rapid assessment of samples and will greatly accelerate development of the Abminga Diamond Project.

Caldera is engaged in diamond exploration in the Abminga region of northern South Australia. Caldera is the major tenement holder in the region and is exploring a potentially world class kimberlite/lamproite field.

Note to Editors: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

*****

As I said previously, still very early, but IMO worth keeping an eye on.

Take care,

MB



To: George J. Tromp who wrote (39)12/29/1997 4:45:00 PM
From: Grant Baker  Read Replies (2) | Respond to of 2251
 
Hi George, nice thread!

Have followed your comments on the Winspear thread for some time now. You are obviously very knowledgeable about diamonds, and the NWT play, so maybe you could give some of us duffers your thoughts of some of the following other players in the GREAT NORTHERN DIAMOND HUNT:

T.AOT ASCOT RESOURCES
V.CAV CYPANGO RESOURCES
V.CFV CAMPHOR VENTURES
V.GGL GERLE GOLD
V.GMD GMD RESOURCES
A.GMH GLENMORE HIGHLANDS
A.HSX HORSESHOE GOLD
V.ICL ITL CAPITAL CORP
V.IML INTERTECH MINERALS
T.KRR KETTLE RIVER RESOURCES
T.LTL LYTTON MINERALS
A.LWC LEEWARD CAPITAL CORP
V.MGR MONGOLIA GOLD
A.NPK NOBLE PEAK RESOURCES
T.PUG PURE GOLD
V.RYR RYLEY RESOURCES
V.TDN TRADEWINDS RESOURCES

I realize that several of these companies are only small players, or minor partners with some of the other companies you have already reviewed. For many of these companies diamonds are not even their primary target, they just entered the "stakes race" for diamond properties after Fipske made his announcement. However, it would still be nice if you could help sift the wheat from the chalf, so to speak, and help to identify any of these companies that might have a property of interest or value.

Looking forward to your comments.

GB