Post by Franko10 ™ on Nov 13, 2006 17:25:49 GMT -5
Forest Gate Recovers 27 Diamonds from 122 Kimberlite
10:19 EST Monday, November 13, 2006
SHARES OUTSTANDING: 78 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, QC, Nov. 13 /CNW Telbec/ - Forest Gate Resources Inc. reports that it has found 27 diamonds from a single three-inch diameter drill hole targeting its portion of the 122 Kimberlite pipe located on its West Side Property near Prince Albert, Saskatchewan. The 122 Kimberlite spills westward across the shared boundary with Shore Gold on the western flank of the massive Fort a la Corne diamond field.
The 27 diamond tally also includes two macrodiamonds, stones with two faces greater than 0.5 millimetres, with the largest measuring 0.68 mm x 0.51 mm x 0.30 mm. Twenty five of the 27 diamonds are coloured white. The 27 diamonds came from 64 kilograms of split core that was sent to SGS Lakefield of Lakefield, Ontario for microdiamond analysis. The results are as follows.
<<
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Drill Sample Total +0.425 +0.300 +0.212 +0.150 +0.105
Hole Weight MD mm mm mm mm mm
(kg) Count Sieve Sieve Sieve Sieve Sieve
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FG06-32 64.00 27 1 2 4 10 10
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>>
The vertical three-inch drill hole, FG06-32, intersected 11.6 metres of kimberlite from 154.8 metres to 166.4 metres down hole. The volcaniclastic kimberlite is described as "coarse grained" containing "about 1% red garnets". A second drill hole, FG06-33, collared 100 metres north of FG-06-32, intersected 1.8 metres of kimberlite and was not sampled.
"The results offer proof that the lateral portions of the 122 Kimberlite are diamondiferous." said Steve Roebuck, Forest Gate's Vice President of Exploration. "We set out to find diamondiferous kimberlite on the West Side Property and we did."
To view an updated property map please visit our website at
www.forestgate.ca.
Ralph Newson, P.Eng., P.Geo. and Qualified Person has edited and reviewed the technical information contained in this press release.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and Quebec. The company's shares trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
For further information: Robert Kramberger, V-P, Investor Relations, Forest Gate Resources Inc., (866) 666-3040, rkramberger@forestgate.ca, http://www.forestgate.ca; Trevor Burns, President, Tiger Capital Corporation, Toronto, Ontario, (416) 252-3663, investor@tigercapital.com
10:19 EST Monday, November 13, 2006
SHARES OUTSTANDING: 78 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, QC, Nov. 13 /CNW Telbec/ - Forest Gate Resources Inc. reports that it has found 27 diamonds from a single three-inch diameter drill hole targeting its portion of the 122 Kimberlite pipe located on its West Side Property near Prince Albert, Saskatchewan. The 122 Kimberlite spills westward across the shared boundary with Shore Gold on the western flank of the massive Fort a la Corne diamond field.
The 27 diamond tally also includes two macrodiamonds, stones with two faces greater than 0.5 millimetres, with the largest measuring 0.68 mm x 0.51 mm x 0.30 mm. Twenty five of the 27 diamonds are coloured white. The 27 diamonds came from 64 kilograms of split core that was sent to SGS Lakefield of Lakefield, Ontario for microdiamond analysis. The results are as follows.
<<
-------------------------------------------------------------------------
Drill Sample Total +0.425 +0.300 +0.212 +0.150 +0.105
Hole Weight MD mm mm mm mm mm
(kg) Count Sieve Sieve Sieve Sieve Sieve
-------------------------------------------------------------------------
FG06-32 64.00 27 1 2 4 10 10
-------------------------------------------------------------------------
>>
The vertical three-inch drill hole, FG06-32, intersected 11.6 metres of kimberlite from 154.8 metres to 166.4 metres down hole. The volcaniclastic kimberlite is described as "coarse grained" containing "about 1% red garnets". A second drill hole, FG06-33, collared 100 metres north of FG-06-32, intersected 1.8 metres of kimberlite and was not sampled.
"The results offer proof that the lateral portions of the 122 Kimberlite are diamondiferous." said Steve Roebuck, Forest Gate's Vice President of Exploration. "We set out to find diamondiferous kimberlite on the West Side Property and we did."
To view an updated property map please visit our website at
www.forestgate.ca.
Ralph Newson, P.Eng., P.Geo. and Qualified Person has edited and reviewed the technical information contained in this press release.
Forest Gate is a publicly traded mineral exploration company with diamond properties in Saskatchewan and Quebec. The company's shares trade under the symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
For further information: Robert Kramberger, V-P, Investor Relations, Forest Gate Resources Inc., (866) 666-3040, rkramberger@forestgate.ca, http://www.forestgate.ca; Trevor Burns, President, Tiger Capital Corporation, Toronto, Ontario, (416) 252-3663, investor@tigercapital.com