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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 (708)	3/19/1998 2:20:00 PM
From: Ed Pakstas	Respond to of 2251

16 targets to be drilled, Back Lake project Kalahari Resources Inc KLA Shares issued 30,098,251 Mar 18 close $0.72 Thu 19 Mar 98 News Release Mr Albert Applegath reports The primary focus of the Back Lake diamond exploration project since November 1997 has been to locate the primary kimberlite source of the ice-transported Yuryi kimberlite float material discovered on the shore of Munn Lake during August 1997. The Yuryi kimberlite float material is within a 150 metre diameter area with some of the larger pieces of kimberlite being in the 10 to 20 metre diameter range. There is also a strong development of kimberlite mud along the Munn Lake shoreline. Microdiamond testing of the Yuryi kimberlite float material has returned 226 diamonds from 581.29 kg of treated kimberlite. Sixty-two diamonds are greater than 0.5mm in their largest dimension, with one 0.12, one 0.03 and three 0.01 carat diamonds being recovered. Overall, the majority of the diamonds are clear and colourless. Kimberlite indicator microprobe chemistry results from the Yuryi kimberlite indicate that 41% of the 50 pyrope garnets probed lie within the C10 field and 6 of the 49 chromites probed have diamond inclusion chemistries. The program to date has located 12 kimberlite dykes that occur in the vicinity of the Yuryi kimberlite float area, however, a comparison of the chromite microprobe chemistry between the chromites hosted by the kimberlite dikes and the chromites hosted within the Yuryi float material suggest that they are not related. The chromites from the kimberlite dykes have a 2% to 3% higher TiO2 value than the chromites that occur within the Yuryi kimberlite. During November and December 1997 a 175 line kilometre picketed grid was established covering the up-ice area of the Yuryi kimberlite float location. This was followed by a completion of a magnetometer survey, horizontal loop and time domain (EM-47) electromagnetic surveys, a bathymetry survey (lake bottom depth) and the collection of 180 lake bottom sediment geochemical samples at 100m centres. The above surveys have delineated approximately 16 targets that could be the result of kimberlite pipe intrusions. Most of the targets are within 300 metres of the shoreline. A total of five deep depressions have been defined with corresponding anomalous lake bottom sediment geochemical results that are high in chromium, titanium, niobium, nickel, magnesium, uranium and rubidium which are suggestive of a kimberlite source. A number of high priority ground electromagnetic targets occur up ice of the Yuryi kimberlite float area with one particularly strong coincident time domain EM-47 and horizontal loop electromagnetic conductivity anomaly that is approximately 400 metres by 150 metres in dimension. Diamond drilling to test the 16 various anomalies will commence during the first week of April. A total of 2,000 metres of drilling is expected to be completed by the end of May. Approximately 1,200 of the 1,700 till samples collected during 1997 have been processed for the recovery of kimberlite indicator mineral grains. The till sampling program was designed to further define six kimberlite indicator trains that occur within the property. The indicator mineral trains have pyrope microprobe chemistries that range between 20-40% G-10s. Interpretation of the new results is continuing. From March to the end of May 1998 approximately 300 line kilometres of magnetometer and horizontal loop surveys will be completed to locate the primary kimberlite source of the above mineral trains. In addition, approximately 1,000 further lake bottom sediment geochemical samples will be collected and bathymetry surveys will be completed covering lakes of interest. SouthernEra, since March 1994, has spent approximately $5,900,000 on exploration with $1.7 million expended during 1997. The exploration budget for 1998 is expected to be $1.1 million Kennecott previously spent $2,200,000. Over $8,000,000 has been spent on this project so far. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: George J. Tromp who wrote (708)	3/20/1998 2:06:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 2251

KLA's really activating... Up .14 today...ed

To: George J. Tromp who wrote (708)	3/21/1998 6:07:00 PM
From: bill	Read Replies (1) \| Respond to of 2251

ABZstatus 1) budgeted 4.3 million on drilling four previously discovered pipes outside of those in the proposed mine plan (going to check the grade) 2) LDC mini-bulk sample is being taken from A-11 North. Previous results 2.5 macros and 4.6 micros per 10 kg. No carat results yet. Macro count is good. 3) 60 aeromagnetic targets were identified earlier this year. Means they've got lots to test. 4) they've been trying to find the source for A369 for quite awhile. If they do find it, it should be a humdinger but previous attempts came up empty. Not sure but they probably will take another shot at finding it. Maybe someone could fill us in on this anomoly. I vaguely remember them trying to find a pipe that had an implied grade similar to the Misery pipe of DMM. The grade for Misery was spectacular but the value per carat was low.A pipe like Misery with high carat value would be better than anything found so far. 5)Drilling for base metals in jv with HSD. Sunrise Lake. Silver, lead, zinc. Program is supposed to have begun at end of Feb. If they really did start drilling at the end of Feb.,they should have a lot of core by now. 6) As far as I've been able to ascertain, nothing significant turned up in Greenland. 7) Because they opted out of part of WSP's drilling program, I think a lot of people have got it in their heads that ABZ opted out altogether but that is not accurate. They are jv'd for some of the drilling.