To: George J. Tromp who wrote (1923 ) 1/28/1999 2:33:00 PM From: VAUGHN Read Replies (1) | Respond to of 2251
Hello George If you are still following the story: January 26, 1999 NEWS RELEASE Royce Group Diamond Project, NWT Till Sampling Results Update GMD Resource Corp. (the "Company") reports that results from the September, 1998 sampling program are indicative of proximal kimberlite on GMD's 100% held Royce Group Diamond claims in the Northwest Territories. As previously reported ninety-three (93) samples were collected down-ice to further test the prospectivity of 14 of the top ranked 21 anomalies developed from the Dighem magnetic and electromagnetic targets and these samples are yielding kimberlite indicator minerals in highly anomalous concentrations, as reported by Lakefield Research. Following collection, samples were shipped to and treated by Kennecott Canada-RTZ at their Thunder Bay laboratory. Heavy mineral concentrates were separated into two size fractions, -1mm, +.5mm and -.5mm, +.25mm and both were sent by Kennecott directly to Lakefield Research for mineral selection. To date, Lakefield has reported on all of the fine fractions from the 93 samples collected and those coarse fractions from samples where strongly anomalous concentrations of kimberlite indicators were recovered from the fines. The remainder of the coarse fractions are being inspected and are projected to be completed by January 31, 1999. Microprobe analysis of selected grains is being performed by R.L. Barnett Geological. Presently, results indicate that two of the fourteen sampled areas (geophysical anomalies) are yielding anomalous concentrations of kimberlite indicators and particularly, samples from one of these two areas strongly suggests the presence of a kimberlite near the sample sites, possibly associated with the selected geophysical signature. Picked indicator concentrations in one sample are greater than; 50 pyrope garnets, 20 ilmenites, 20 chromites, 10 olivines, 15 chrome diopsides. Other samples from this area compliment these results. Microprobe analysis is needed to define the chemistry and allow for the interpretation of possible diamondiferous origin. Based on results from till samples in the Lac de Gras region, these types of concentrations suggest that the primary source is proximal. These two target areas fall near the terminus of one previously defined indicator mineral dispersion train. Minimally, three additional dispersion trains exist on the property. Based on sampling and microprobe analysis from 1995,1996 and 1997, mineral chemistry identifying specific mineral populations from separate sources, concentrations of indicators per sample and the physical locations of News Release 206 January 26, 1999 Page two. anomalous samples within these dispersion trains all support the interpretation that multiple sources of kimberlite exist for these trains. This is further supported by the sampling results reported above. The 1998 till sampling program was designed to be target specific and was conducted by GMD's technical team who have a proven track record of kimberlite discovery in the NWT. Upon receipt of the major oxide analysis, the various target priorities will be reassessed during February, 1999 followed by a scheduled March, 1999 ground geophysical survey program on approximately twenty (20) of the airborne targets that have coincident indicator mineral anomalies. The developed ground geophysical anomalies will then be prioritized for follow-up drilling. For further information please contact Investor Relations at (604) 669-6619 or 1-800-808-3350. GMD RESOURCE CORP. "Rodney N. Duncan" Rodney N. Duncan President Regards