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2006 | 2005 | 2004 | 2003 | 2002
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Tue Oct 22, 2002
Diamonds North And Canabrava Recover Macrodiamonds On Hadley Bay Project, Victoria Island
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Vancouver, BC -- Diamonds North Resources Ltd. (DDN-TSX Venture) and Canabrava Diamond Corporation (CNB-TSX Venture) announced today that macrodiamonds have been recovered from each of the first three kimberlite samples processed from the King Eider pipe, Hadley Bay project, Victoria Island. The King Eider kimberlite is part of a diamondiferous cluster, which includes the Jaeger, Turnstone, Sanderling and Pintail kimberlites.
These diamond samples were all recovered from --50 degree inclined drill hole HD02-12 that intersected multiple phases of kimberlite in more than 100 metres of core. The core was separated into five sub-samples representing each of these kimberlite phases. The results from the first three samples processed are listed in Table 1.
Macrodiamonds are present in all three samples, with the largest stone recovered from sample CNB01017. This stone has three dimensions exceeding one millimetre: 1.17x1.17x1.13 millimetres. Sample CNB01020 produced the second largest stone with dimensions: 1.45x1.20x0.66 millimetres. All three samples are classified as hypabyssal facies macrocrystic kimberlite. The detailed diamond recoveries in the individual square mesh screen categories are listed in Table 2.
Canabrava President George Read states, "We are very encouraged by these results, particularly the macrodiamond recoveries. Based on these results the King Eider kimberlite requires further evaluation."
Results are pending from two samples from drill hole HD02-12 (95.4 and 60.7 kilograms) and one sample from adjacent drill hole HD02-13 (40.3 kilograms).
The King Eider kimberlite pipe was originally located using airborne geophysics and a recent detailed ground geophysical survey, carried out prior to drilling, has shown that King Eider is a large complex kimberlite. The magnetic anomaly measures 200 by 300 metres. The detailed geophysical survey and the core logging indicate that King Eider is composed of multiple kimberlite phases.
Diamonds North's President Mark Kolebaba states, "We are encouraged by the diamond size distribution in a pipe of this dimension."
In light of the demonstrated potential for eclogitic diamonds in the Victoria Island kimberlites the sample sizes were maximized and virtually all core has been submitted for diamond processing. Representative samples of each lithological type have been retained for petrography and indicator mineral recovery.
Kimberlite drill core was logged and sampled in secure facilities in the field camp. Sample bags were placed in solid, sealed containers and shipped by air to SGS Lakefield Research in Ontario. SGS Lakefield's standard caustic fusion diamond recovery method was used for all samples. SGS Lakefield is accredited by the Standards Council of Canada to the ISO/IEC Guide 25 Standard for specific registered tests.
Diamonds North has granted to Canabrava the option to earn up to 50 percent of the Hadley Bay Diamond Project by spending $5 million and issuing 250,000 shares to Diamonds North over a four-year period. Diamonds North is the Project operator.
Diamonds North Resources Ltd. is a diamond exploration company with eight projects covering over one million acres of land in Canada's Nunavut and Northwest Territories. Six projects are located on Victoria Island; one project is adjacent to the De Beers/Mountain Province Kennady Lake advanced stage discovery and one project is near the Drybones kimberlite in the Northwest Territories.
Canabrava Diamond Corporation is actively exploring for diamonds in Canada and Brazil both independently and through major joint ventures with Diamonds North Resources Ltd., Kennecott Canada Exploration Inc., Majescor Resources Inc., Navigator Exploration Corp., and Paramount Ventures and Finance Inc. The Company is 36.2 percent owned by Southwestern Resources Corp.
For more information, please contact:
Mark Kolebaba, President
Nancy Curry, Manager Corporate Communications
Diamonds North Resources Ltd.
1550-409 Granville Street
Vancouver, B.C. V6C 1T2
Tel. Fax
diamondsnorthresources.com
For more information, please contact:
George H. Read, President & CEO
Thomas W. Beattie, V.P. Corporate Development
Canabrava Diamond Corporation
#1650-701 West Georgia Street
Vancouver, B.C. V7Y 1C6
Tel. Fax
www.canabrava.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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You can view the Next News Releases 2002 item: Wed Oct 23, 2002, Diamonds North/Majescor Victoria Island Survey Reveals New Kimberlite-Type Anomalies
You can view the Previous News Releases 2002 item: Thu Oct 17, 2002, Diamonds North's Victoria Island Kimberlite Count Reaches Twenty-Seven
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