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

To: whisky who wrote (1266)	4/28/1999 2:57:00 PM
From: russet	Read Replies (1) \| Respond to of 2402

Anything that is thought to be pertinent to the share price, must be released quickly to the public or the directors or management can be sued and prosecuted by the RCMP investor crime division. I doubt I have any more information than any of you about their projects, but I do know quite a bit about the process of diamond exploration in different climates and with different geological models. My understanding is never complete as new knowledge is being discovered all the time. I stand to be corrected at all times. The only thing I have done on this thread is to try and say that a diamond mine is not a sure thing at this time. I would not argue with the potential of one in any location, Brazil or Ontario. I have tried to share something of what I know of exploration of alluvial deposits in Africa in an attempt to explain what is now happening at Rio do Sono. I have followed several companies such as Diamondworks, Southern Era, Rex, Diamondfields, and others doing alluvial or ocean exploration, and have attended technical seminars given by many of them, and read their technical papers. I for one think the current bulk sampling will prove the gravels are economic to mine, but how economic no one knows at this time,...not even the company. This is the most advanced project Canabrava has at this time. The others still must be evaluated to decide where to drill and bulk samples are even further down the road. I imagine that there is still lots of sampling, laboratory evaluations to examine, geophysical data to mull over and field work to perform. This work is very cheap compared to drilling. Kennecott and Southern Era will look over all the data and likely suggest additional fieldwork be done before drilling with large scale equipment is performed. There are still cores and samples in Brazil that have not been sent to the lab for proper analysis. Both have 18 months to spend $1.5 million to look over the data and complete early stage exploration work. Then they will look for targets that all the data point to as being the most prospective. Those are the targets they will drill to significant depth. $1.5 million does not buy much drilling. russett