Post by Franko10 ™ on Sept 11, 2004 14:37:53 GMT -5
December 8, 2000
Shane completes Smeaton Drilling
A drilling program on the Carina/Pine Channel/Shane Resources Ltd. joint venture Smeaton diamond project has been completed.
In total, four HQ holds comprising 713 metres were drilled. This includes one shallow overburden hole. All four holes were targeted largely on gravity anomalies. The three holes that cored bedrock successfully intersected up to several metres of subaqueous fragmental and marine reworked kimberlite, intercalated with fine-grained sediments. Samples are currently being prepared for shipment. They will be processed and analyzed for indicator minerals and microdiamonds. Indicator minerals obtained from the till of drill hole SDP00-01 are currently being probed, with results to be released as they become available.
The company will be continuing its work program in the Fort A La Corne area in the new year on its own properties, and is currently negotiating a new joint venture with other property owners in this area.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
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