Owner
Post by Franko10 ™ on Feb 9, 2005 19:22:31 GMT -5
Attention Business Editors:
200 tonne bulk sample on the DO-27 kimberlite pipe to begin mid-February
VANCOUVER, Feb. 9 /CNW/ - Mr. Eric Friedland, President of Peregrine
Diamonds Ltd, Dr. Stewart Blusson, President of Archon Minerals Ltd.,
Mr. Adolf Petancic, President of Dentonia Resources Ltd., Mr. James McInnes,
President of Horseshoe Gold Mining Inc., Mr. George Stewart, President of
Kettle River Resources Ltd., and Mr. Howard Bird, Vice-President, Exploration
of SouthernEra Diamonds Inc., are pleased to announce that a 200 tonne bulk
sampling program on the DO-27 kimberlite pipe located in the N.W.T., Canada,
will begin in mid-February.
The Tli Kwi Cho kimberlite complex has a total exposed surface area of
16 hectares, one of the largest in the NWT. It consists of multiple vents and
intervening hypabyssal sills. The Northwestern Lobe is referred to as DO-18;
and DO-27, with a surface expression of 9 hectares, is the Southern Lobe of
the Tli Kwi Cho kimberlite complex.
A re-interpretation of the geology of this complex, suggests that the
main DO-27 Southern Lobe actually consists of two vents - a smaller subsidiary
northeastern vent and a main vent. The drilling of 16 wide spaced core holes
in the Southern Lobe by Kennecott Canada Inc. in 1993 identified a higher
grade core zone to the main vent with lower grades in the periphery of the
main vent, the northeast subsidiary vent and in hypabyssal sills. A 1994
underground bulk sample of 3,000 tonnes primarily (greater than 90%) sampled
the subsidiary vent and some hypabyssal kimberlite sills; it did not test the
main vent of the Southern Lobe, which will now be sampled. The evaluation of
the diamonds recovered in 1994 was primarily based on stones obtained from the
subsidiary lobe and the hypabyssal phases, and therefore the core of the main
southern lobe remains untested to date, and hence the rationale for the bulk
sample.
The bulk sample will be extracted via a program of 14 inch diameter RC
drilling conducted by Midnight Sun Drilling Co. of Whitehorse, Yukon whose
previous clients include DeBeers and Kennecott.
The bulk sample is scheduled to be processed at BHP Billiton's Sample
Plant at the Ekati(TM) Diamond Mine beginning in mid to late March. The
anticipated processing time is two to three weeks.
Access to the DO-27 pipe, located 23 km southeast of the Diavik(TM)
Diamond Mine, is by way of an 11-kilometer winter spur road off of the main
Tibbitt to Contwoyto ice road. The spur road and drill pads are being built
and maintained by Nuna Logistics of Yellowknife. A 25-person camp is being
built on site at DO-27 by Discovery Mining Services of Yellowknife. The total
estimated budget for the program, including RC and core drilling, sampling,
transport, campsite, processing, diamond evaluation and contingency, is
approximately CDN$ 4.9 Million of which approximately CDN$ 680,000 may be
contributed, pro rata, by all project partners, subject to their final
approval, in the ratio of their respective interest in the project after
Peregrine's earn-in. Upon completion of this program, Peregrine's interest in
the project will increase from 38.475% to 54.475% plus operatorship. The other
partners' project interests will be: Archon 13.275%, Aber Diamonds 7.35%,
DHK Diamonds Inc. 20% (a consortium consisting of Dentonia 6.667%, Horseshoe
6.667%, and Kettle River 6.667%), and SouthernEra 4.9%, all subject to a 1.3%
Royalty.
AMEC Americas Limited in Vancouver will be auditing the drilling and
sampling protocols as well as providing quality assurance/quality control
audits on the actual drilling, sampling, and evaluating procedures in order to
insure that the entire program will be performed to the highest possible
industry standards. Mr. Howard Coopersmith of Coopersmith & Associates,
Colorado, will also be providing audits on the protocols and procedures.
Dr. Jennifer Pell, P.Geo., is the Qualified Person that will be overseeing the
entire program, and Mr. Derrick Strickland, P.Geo., is the Project Manager.
More information will be provided as the bulk sampling program
progresses.
On behalf of the Board of Directors
"Signed"
Eric Friedland
President
Peregrine Diamonds Ltd.
For further information: Eric Friedland, President, Tel: (604) 408-8880
200 tonne bulk sample on the DO-27 kimberlite pipe to begin mid-February
VANCOUVER, Feb. 9 /CNW/ - Mr. Eric Friedland, President of Peregrine
Diamonds Ltd, Dr. Stewart Blusson, President of Archon Minerals Ltd.,
Mr. Adolf Petancic, President of Dentonia Resources Ltd., Mr. James McInnes,
President of Horseshoe Gold Mining Inc., Mr. George Stewart, President of
Kettle River Resources Ltd., and Mr. Howard Bird, Vice-President, Exploration
of SouthernEra Diamonds Inc., are pleased to announce that a 200 tonne bulk
sampling program on the DO-27 kimberlite pipe located in the N.W.T., Canada,
will begin in mid-February.
The Tli Kwi Cho kimberlite complex has a total exposed surface area of
16 hectares, one of the largest in the NWT. It consists of multiple vents and
intervening hypabyssal sills. The Northwestern Lobe is referred to as DO-18;
and DO-27, with a surface expression of 9 hectares, is the Southern Lobe of
the Tli Kwi Cho kimberlite complex.
A re-interpretation of the geology of this complex, suggests that the
main DO-27 Southern Lobe actually consists of two vents - a smaller subsidiary
northeastern vent and a main vent. The drilling of 16 wide spaced core holes
in the Southern Lobe by Kennecott Canada Inc. in 1993 identified a higher
grade core zone to the main vent with lower grades in the periphery of the
main vent, the northeast subsidiary vent and in hypabyssal sills. A 1994
underground bulk sample of 3,000 tonnes primarily (greater than 90%) sampled
the subsidiary vent and some hypabyssal kimberlite sills; it did not test the
main vent of the Southern Lobe, which will now be sampled. The evaluation of
the diamonds recovered in 1994 was primarily based on stones obtained from the
subsidiary lobe and the hypabyssal phases, and therefore the core of the main
southern lobe remains untested to date, and hence the rationale for the bulk
sample.
The bulk sample will be extracted via a program of 14 inch diameter RC
drilling conducted by Midnight Sun Drilling Co. of Whitehorse, Yukon whose
previous clients include DeBeers and Kennecott.
The bulk sample is scheduled to be processed at BHP Billiton's Sample
Plant at the Ekati(TM) Diamond Mine beginning in mid to late March. The
anticipated processing time is two to three weeks.
Access to the DO-27 pipe, located 23 km southeast of the Diavik(TM)
Diamond Mine, is by way of an 11-kilometer winter spur road off of the main
Tibbitt to Contwoyto ice road. The spur road and drill pads are being built
and maintained by Nuna Logistics of Yellowknife. A 25-person camp is being
built on site at DO-27 by Discovery Mining Services of Yellowknife. The total
estimated budget for the program, including RC and core drilling, sampling,
transport, campsite, processing, diamond evaluation and contingency, is
approximately CDN$ 4.9 Million of which approximately CDN$ 680,000 may be
contributed, pro rata, by all project partners, subject to their final
approval, in the ratio of their respective interest in the project after
Peregrine's earn-in. Upon completion of this program, Peregrine's interest in
the project will increase from 38.475% to 54.475% plus operatorship. The other
partners' project interests will be: Archon 13.275%, Aber Diamonds 7.35%,
DHK Diamonds Inc. 20% (a consortium consisting of Dentonia 6.667%, Horseshoe
6.667%, and Kettle River 6.667%), and SouthernEra 4.9%, all subject to a 1.3%
Royalty.
AMEC Americas Limited in Vancouver will be auditing the drilling and
sampling protocols as well as providing quality assurance/quality control
audits on the actual drilling, sampling, and evaluating procedures in order to
insure that the entire program will be performed to the highest possible
industry standards. Mr. Howard Coopersmith of Coopersmith & Associates,
Colorado, will also be providing audits on the protocols and procedures.
Dr. Jennifer Pell, P.Geo., is the Qualified Person that will be overseeing the
entire program, and Mr. Derrick Strickland, P.Geo., is the Project Manager.
More information will be provided as the bulk sampling program
progresses.
On behalf of the Board of Directors
"Signed"
Eric Friedland
President
Peregrine Diamonds Ltd.
For further information: Eric Friedland, President, Tel: (604) 408-8880
