Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A CANADIAN DIAMOND HUNT -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (145)	1/20/1998 7:47:00 AM
From: Buckey	Read Replies (1) \| Respond to of 930

Ed and All, I apologize in advance if this info has already been posted. I am not in diamonds right now but I did catch an interview with A VP of DeBeers on TV. It was out of Vancouver where they are opening up an office. Part of the reason is to persuade Canada to join their monopolistic cooperative marketing board that a few have jumped ship from lately. He seemed quite upbeat about Canada and obviously mentione the Dia Met and another major that will be producing soon. He threw out numbers like Canada will be soon producing 15% of the world's diamonds etc. I think it was on CBC so it is on the public record somewhere.

To: Ed Pakstas who wrote (145)	1/21/1998 10:21:00 AM
From: VAUGHN	Read Replies (1) \| Respond to of 930

Hello Ed News Release from yesterday that may be of interest to this thread. GMD RESOURCES CORP. ANNOUNCES ROYCE GROUP CLAIM SAMPLING ANALYSIS SHOWS DIAMOND INDICATOR MINERALS OF SUPERB QUALITY VANCOUVER, Jan. 20 /CNW/ - GMD Resource Corp. VSE Symbol: GMD Detailed evaluation of the sampling to date on the Royce Group Claims has shown that the quality of many of the indicator minerals analyzed suggests sources are multiple, diamondiferous and, in the case of the coarse indicator population, are proximal. Additionally, it was noted that olivine was not specified as an indicator mineral in previous sampling and as a result was not selected from the heavy mineral concentrates. This has been revised and the re-selecting of grains from previously completed samples has shown olivine to be present. Olivine is a common accessory mineral in kimberlites and it significantly contributes as an indicator in till sample interpretation and is now used as another important exploration tool in the GMD program. On the basis of the till anomalies defined and known ice-transport directions, a new airborne magnetics-EM (electromagnetic) survey has been designed to discover non-magnetic kimberlite sources. Approximately 14,000 line kilometers are presently being contracted to begin in February. This survey compliments the 1995 magnetic survey of the entire claim block and targets areas projected as the derivation of the indicator minerals in glacial tills on the property. Previous exploration has clearly proven that economic diamond pipes in the NWT have discernible coincident electromagnetic anomalies. GMD continues with its plan to begin ground work on the Royce claims in March. Drilling of high priority anomalies developed from the previous work and the new airborne survey will begin this Spring after ground surveying and prioritization. These activities will be followed by a summer exploration program and drilling and a final round of drilling for 1998 this Fall. GMD RESOURCE CORP. Michael J. Senn Project Manager, Royce Group -30- For further information: Michael J. Senn (604) 662-3350 or fax (604) 685-9141 or Toll Free 1-800-808-3350 or Web Site www.gmd-res.com GMD RESOURCE CORP. has 37 releases in this database. Regards