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 : KAISER' PICKS AND FAX ALERTS, ***(JOHN KAISER) -- Ignore unavailable to you. Want to Upgrade?

To: David Raine who wrote (145)	8/24/1998 1:06:00 PM
From: David Raine	Read Replies (1) \| Respond to of 311

Diagem: Drilling under way in Brazil *First stage of drilling on Chapada is under way* Mr. David Cohen reports The first stage of exploratory drilling on the Chapada is well under way. The drill program has revealed significant new occurrences of indicator minerals. More specifically, drilling has identified an area that hosts large concentrations of ilmenites. These ilmenites are generally fresh (without abrasion) and further analysis indicates that they are coated with lucoxine, a chemical substance that is associated with kimberlitic ilmenites. The nature of the concentration of these ilmenites may be part of an apron surrounding a kimberlite pipe or a fissure. A limited number of pyrope garnets has been discovered in one of the target areas. The discovery of garnets is unusual in this area. Chemical weathering occuring in this tropical region typically eliminates garnets within a short period of time. The discovery of these garnets indicates that their kimberlitic source may be close by. The exploration team is currently conducting further analysis of the above noted target areas during a two week pause in the drilling program. The drill program is to be increased to facilitate more extensive drilling on these target areas. Paulo Andreazza has been appointed to the position of manager of exploration. Mr. Andreazza has been associated with the company during its exploration of the Chapada property and will be responsible for the company's projects in Brazil. Mr. Andreazza is a senior geologist with extensive experience in diamond exploration program co-ordination and operations. Most recently, Mr. Andreazza was employed by RTZ on its Brazil and Uruguay projects. Due to personal reasons, J.R. Woodcock, director and vice-president, exploration has decided to retire. diagem.com