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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (41)	9/30/1998 2:27:00 PM
From: Famularo	Respond to of 123

Progress on West Greenland JV Dia Met Minerals Ltd DMM.B Shares issued 21,973,496 Sep 29 close $22.60 Wed 30 Sept 98 News Release Also Citation Resources Inc (CUE) Also Cantex Mine Development Corp (CD) Mr. Ray Ashley reports Progress has been made on Dia Met's joint venture exploration project with Cantex Mine Development and Citation Resources for diamonds in West Greenland. The work was conducted pursuant to an option agreement dated July 4, 1997, between Dia Met, Cantex and Quadrant Resources Pty. Ltd. Dia Met has the option to acquire a 31 per cent interest in the property and Cantex has the option to acquire a 20 per cent interest in the property. Dia Met manages and carries out the operations on the property and is responsible for 60.78 per cent of the $3.8-million exploration expenditures that must be incurred by Dec. 31, 1998 in order for Dia Met and Cantex to be vested. Quadrant's interest has recently been assigned to Citation Resources, and Citation is now the owner of the 12,336 sq km property. In 1997, heavy mineral till samples were collected on the property and a 15,500 line kilometre airborne geophysical survey was flown. The airborne survey was conducted in areas surrounding the Dia Met/Monopros joint venture claims, where indicator minerals favourable for diamonds were initially detected by Monopros and confirmed by Dia Met resampling in June 1997. The Dia Met/Monopros claims are held by Dia Met (49 per cent) and Monopros (51 per cent) under a separate joint venture agreement, where Monopros is the operator. Heavy mineral processing of till samples collected on the Dia Met/Cantex/Citation property in 1997 up and down ice from 109 preliminary airborne geophysical targets yielded 15 samples with outstanding quality diamond indicator minerals and an additional 34 samples with intermediate quality diamond indicator minerals. The best indicator minerals included G10 garnets, group I eclogitic garnets as well as D.I. chromites, chrome diopsides, olivines and orthopyroxenes of diamond inclusion compositions at least as favourable as at Lac de Gras, NWT. More than 1,000 bulk follow-up till samples have been collected in areas of geophysical anomalies identified on the final data and situated up-ice from the most favourable diamond indicator minerals. An additional 630 bulk till samples were collected in the 1998 field season for assessment purposes. This summer's prospecting in the airborne area has identified 22 dykes, at least 26 sills and one small (10m x 7m) pipe. Magnetic boulders, thought to be kimberlite, were also found around a circular (greater than 200m diameter) lake that has a coincident circular airborne magnetic anomaly. Rock samples have been collected from all of these previously unknown occurrences. Parts of these have been sent for thin section and whole rock analyses to determine whether the rocks are kimberlites or alnoites. These will also be tested for diamond indicator mineral contents and favourable (kimberlite) rocks will be tested for microdiamonds. Three (200 kg rock samples were collected and will be processed for macro-micro diamond analyses pending favourable indicator mineral findings.

To: PHILLIP FLOTOW who wrote (41)	10/14/1998 4:56:00 PM
From: Famularo	Respond to of 123

Ekati diamond mine now in production Dia Met Minerals Ltd DMM.B Shares issued 21,973,496 Oct 13 close $22.10 Wed 14 Oct 98 News Release Mr. Graham Nicholls reports The Dia Met/BHP Diamonds Ekati diamond mine is now in production. Construction of the mine has been completed on schedule and within budget. Commissioning is well-advanced and all critical process equipment has been tested and is operational. The ramping up of production began in early October and has progressed smoothly, while fine-tuning work will continue for the next several weeks. All rough diamond production from the Ekati diamond mine will initially be marketed through the BHP Diamonds (Belgium) sales office in Antwerp, Belgium. The first shipment of rough diamonds to the sales office is expected to occur within the next two weeks, and initial sales will occur shortly thereafter.

To: PHILLIP FLOTOW who wrote (41)	10/19/1998 11:09:00 AM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 123

For those who may not have seen it, I'd like to repost a portion of Vaughn's post from the SUF thread: To: BozkurtD (2106 ) From: VAUGHN Saturday, Oct 17 1998 5:40PM ET Reply # of 2112 Hello BozkurtD On a more immediate and upbeat note. I have just returned from BHP's Open House put on for local residents as a celebration and thank you for the completion of the Ekati Mine. About 1,200 carrats of some very interesting piles of rough including one seemingly near flawless 9 carrat beauty from each of four pipes were on display, along with about a dozen .5 to 1.25 carrat brilliant cut near perfect gems. Their fire was extremely impressive. The Sable pipe in particular seems to have quite a few champagne diamonds and the company representative on hand suggested that a fair number of pinks, yellows and blues had also been recovered. Exciting times. Regards PHIL