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


To: donkeyman who wrote (1508)10/28/1998 8:24:00 PM
From: George J. Tromp  Read Replies (1) | Respond to of 2251
 
The early results just glancing at the press release look very good.
Having not conversed with Glen recently., I dont know much about
the intersection. However., they are great counts on that small sample. Seeing they penetrated only 12 meters., it may be the pyroclastic rim., or facies area of the pipe. What we really have to
see is some deep intersections., and a few angled holes to get a feel
for the continuity of not only the kimberlite but a feel for the size of
the pipe. Are you aware of how much money has been spent thus
far by DeBeers for earn in rights. That is a good question to ask
Glen., and find out what plans are in store for future drilling and when.
It looks like around 9.3diamonds/10Kg., which is very good., and
does compare favorably with counts from economic pipes in the NWT
on a relative basis considering the early stage of the program
Sincerly
George J. Tromp



To: donkeyman who wrote (1508)10/29/1998 10:35:00 AM
From: VAUGHN  Read Replies (2) | Respond to of 2251
 
Hello Donkeyman

Frankly I am skeptical. The NR states that the information was supplied verbally from an incomplete processing and did not indicate the size of the diamonds. They could be microscopic for all you could tell from this release. There was no reference to micro/macro.

That would seem to be a major procedural change for DBs to release news in that manner. This is not a company that makes policy changes quickly or radically.

Very questionable NR in my opinion and I would be very cautious if I were you.

Regards