Post by Franko10 ™ on Oct 14, 2004 11:29:28 GMT -5
Dentonia Resources Ltd. and Horseshoe Gold Mining Inc.: AUGUST 22, 2002
Discovery of New Kimberlite, Lac De Gras, NWT
VANCOUVER, BRITISH COLUMBIA--Dentonia Resources Ltd. (V-DTA) and
Horseshoe Gold Mining Inc. (V-HSX), each having a 1/3 interest in
DHK Diamonds Inc. ("DHK"), a private company, the current operator
of DHK's Lac de Gras properties (WO claim block), have been
advised by Archon Minerals Limited ("Archon"), the operator of the
current exploration program, that to date, four targets have been
drill tested, three with negative results, the fourth, however,
with positive results.
The fourth target was located by a combination of Falcon data and
interpretation of topographical features, and has resulted in the
intersection of a NEW KIMBERLITE, crater facies.
The discovery drill hole was collared in granite, on a lake shore,
drilled at a 47 degree dip angle, encountered crater facies
kimberlite, over a length of 127 ft., from 157 ft. to 284 ft., and
was still in kimberlite when stopped.
Due to the softness of the kimberlite, which exerted pressure on
the drill rods of the heliportable rig, this hole was stopped in
kimberlite at 284 ft. or 87 meters, and at vertical depth 210 ft
or 64 meters. The gravity low associated with this kimberlite has
a surface expression of 7.7 acres or 3.1 hectares.
This NEW KIMBERLITE is located in a bay of a lake, 2,100 meters or
6,900 ft. west south-west of kimberlites DO27 and DO18, and about
200 meters or 650 ft. north of DO29N, the latter was described as,
"a multi-phased system which includes hypabyssal kimberlite dikes,
pyroclastic (crater facies) kimberlite and heterolithic kimberlite
breccias", and when last tested in 1998, yielded 12 micro-diamonds
from an 82kg sample.
The drill core from this NEW KIMBERLITE appears to contain
indicator minerals and is different in texture from DO29N.
Sediment fragments and the texture of the core samples, appear to
be similar to some of Ekati and Diavik pipes, suggesting
emplacement during the Cretaceous period.
The topographic setting of this NEW KIMBERLITE would have impeded
down ice dispersion patterns of kimberlite indicated minerals
(KIM), emanating from this pipe, perhaps explaining its
non-detection to date.
The current exploration program calls for drill testing up to
nineteen targets, fifteen remain, with a minimum of one drill hole
per target, before prioritizing these targets for further testing.
Currently, the drill rig is being moved to a new target.
The current interest holders are: DHK 55%, Archon 20%, Aber 15%,
SouthernEra 10%, with Kennecott retaining a 1% gross overriding
royalty. BHP has the right, in the event of a 200 tonne bulk
sample of a new discovery, at its cost, to earn a 54.5% interest,
to be contributed, pro rata, by the other interest holders.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Dentonia Resources Ltd.
Adolf A. Petancic
President
(604) 682-1141
(604) 682-1144 (FAX)
Email: dentonia@telus.net
or
Horseshoe Gold Mining Inc.
James E. McInnes
President
(604) 662-4480
(604) 685-0553 (FAX)
Email: jmcinnes@telus.net
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Discovery of New Kimberlite, Lac De Gras, NWT
VANCOUVER, BRITISH COLUMBIA--Dentonia Resources Ltd. (V-DTA) and
Horseshoe Gold Mining Inc. (V-HSX), each having a 1/3 interest in
DHK Diamonds Inc. ("DHK"), a private company, the current operator
of DHK's Lac de Gras properties (WO claim block), have been
advised by Archon Minerals Limited ("Archon"), the operator of the
current exploration program, that to date, four targets have been
drill tested, three with negative results, the fourth, however,
with positive results.
The fourth target was located by a combination of Falcon data and
interpretation of topographical features, and has resulted in the
intersection of a NEW KIMBERLITE, crater facies.
The discovery drill hole was collared in granite, on a lake shore,
drilled at a 47 degree dip angle, encountered crater facies
kimberlite, over a length of 127 ft., from 157 ft. to 284 ft., and
was still in kimberlite when stopped.
Due to the softness of the kimberlite, which exerted pressure on
the drill rods of the heliportable rig, this hole was stopped in
kimberlite at 284 ft. or 87 meters, and at vertical depth 210 ft
or 64 meters. The gravity low associated with this kimberlite has
a surface expression of 7.7 acres or 3.1 hectares.
This NEW KIMBERLITE is located in a bay of a lake, 2,100 meters or
6,900 ft. west south-west of kimberlites DO27 and DO18, and about
200 meters or 650 ft. north of DO29N, the latter was described as,
"a multi-phased system which includes hypabyssal kimberlite dikes,
pyroclastic (crater facies) kimberlite and heterolithic kimberlite
breccias", and when last tested in 1998, yielded 12 micro-diamonds
from an 82kg sample.
The drill core from this NEW KIMBERLITE appears to contain
indicator minerals and is different in texture from DO29N.
Sediment fragments and the texture of the core samples, appear to
be similar to some of Ekati and Diavik pipes, suggesting
emplacement during the Cretaceous period.
The topographic setting of this NEW KIMBERLITE would have impeded
down ice dispersion patterns of kimberlite indicated minerals
(KIM), emanating from this pipe, perhaps explaining its
non-detection to date.
The current exploration program calls for drill testing up to
nineteen targets, fifteen remain, with a minimum of one drill hole
per target, before prioritizing these targets for further testing.
Currently, the drill rig is being moved to a new target.
The current interest holders are: DHK 55%, Archon 20%, Aber 15%,
SouthernEra 10%, with Kennecott retaining a 1% gross overriding
royalty. BHP has the right, in the event of a 200 tonne bulk
sample of a new discovery, at its cost, to earn a 54.5% interest,
to be contributed, pro rata, by the other interest holders.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Dentonia Resources Ltd.
Adolf A. Petancic
President
(604) 682-1141
(604) 682-1144 (FAX)
Email: dentonia@telus.net
or
Horseshoe Gold Mining Inc.
James E. McInnes
President
(604) 662-4480
(604) 685-0553 (FAX)
Email: jmcinnes@telus.net
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.