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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (886)	3/18/1999 7:04:00 PM
From: GC	Read Replies (2) \| Respond to of 2402

news article..... Chance of finding diamond deposits higher than ever New geological information released Monday afternoon points to a greater possibility of finding diamond-bearing kimberlite and base metal deposits in the Kapuskasing area. According to the mines ministry, important mineral indicators were found by the Ontario Geological Survey (OGS) during a regional mapping and stream sediment sampling survey. A stream sediment sampling project completed in the Roche Lake-Opasatika Lake area southwest of Kapuskasing reveals the mineral potential is higher than previously thought. The OGS has confirmed the presence of kimberlite indicator minerals in the Kap area. Making this finding even more important is the presence of other base metals. The survey investigations have focused on evaluating the mineral potential of the Kapuskasing Structural Zone, a bedrock feature that extends from Wawa through Kap to the James Bay Lowland. "Stream sediment sampling surveys for kimberlite indicator minerals are essential investigative techniques used by geoscientists to identify geological terrain which may contain potential diamond bearing bodies," said Tom Morris, of the OGS, based in Sudbury. "The findings from these studies clearly indicate that this structure is a world-class exploration target as it has the potential to host diamond-bearing kimberlite along its length." In addition to the kimberlite indicator minerals, several minerals associated with base metal mineralization were recovered. The presence and distribution of these minerals suggest several potential targets for base metal exploration in this area. "These promising results will encourage new and exciting mineral exploration activity in the northeastern Ontario," said Chris Hodgson, Minister of Northern Development and Mines. "Discoveries such as these by OGS scientists help ensure the long-term viability of the province's $5 billion as year mining industry." The report containing the data and interpretations pertaining to mineral exploration in the Kapuskasing area was released Monday morning. The release coincides with the annual convention of the Prospectors and Developers Association of Canada, meeting March 14-17 in Toronto. A poster display highlighting and explaining the survey results will be featured at the Ontario pavilion in the Toronto Convention Centre. Back to document index Original file name: story1 - converted on Wednesday, 17 March 1999, 10:00