Post by Zoinkers on Dec 1, 2006 0:32:03 GMT -5
Press Release Source: FOREST GATE RESOURCES INC.
Forest Gate Recovers 118 Diamonds from the 121 Kimberlite Pipe
Monday November 27, 9:00 am ET
SHARES OUTSTANDING: 78 MILLION SYMBOL & EXCHANGE: FGT-V
MONTREAL, le 27 nov. /CNW Telbec/ - Forest Gate Resources Inc. reports that it has recovered 118 diamonds from two three-inch diameter drill holes targeting its portion of the 121 Kimberlite pipe located on its East Side Property near Prince Albert, Saskatchewan. The 121 Kimberlite pipe spills eastward across the shared boundary with Shore Gold on the eastern flank of the massive Fort a la Corne diamond field.
The 118 diamond tally also includes 10 macrodiamonds, stones with two faces greater than 0.5 millimetres, with the largest measuring 1.91 mm x 1.20 mm x 0.68 mm. Eighty seven of the 118 diamonds are coloured white while one is coloured yellow. The 118 diamonds came from 216.7 kilograms of split core that was sent to SGS Lakefield of Lakefield, Ontario for microdiamond analysis. The results are as follows.
Drill Sample Total +0.85 +0.600 +0.425 +0.300 +0.212 +0.150 +0.105
Hole Weight MD mm mm mm mm mm mm mm
(kg) Count Sieve Sieve Sieve Sieve Sieve Sieve Sieve
-------------------------------------------------------------------------
FG06-30 124.2 71 1 4 0 8 5 17 36
-------------------------------------------------------------------------
FG06-31 92.5 47 1 1 2 3 9 15 16
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Total 216.7 118 2 5 2 11 14 32 52
-------------------------------------------------------------------------
The two vertical three-inch diameter drill holes, FG06-30 and FG06-31, were collared approximately 180 metres apart in the north - south direction and had kimberlite intercepts of 23.2 metres and 22.7 metres respectively.
"What I like is that we have diamondiferous kimberlite right off the top of the pipe." said Steve Roebuck, Forest Gate's Vice President of Exploration. "We hit kimberlite around the 140 metre depth interval and all the units sampled are diamondiferous."
To view an updated property map please visit our website at www.forestgate.ca. If you would like to speak to us in person, please visit us at the Forest Gate Resources booth at the Saskatchewan Open House in Saskatoon from November 27 - 29, 2006.
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
www.forestgate.ca
Trevor Burns, President, Tiger Capital Corporation, Toronto, Ontario, (416) 252-3663, investor@tigercapital.com
--------------------------------------------------------------------------------
Source: FOREST GATE RESOURCES INC.
Forest Gate Recovers 118 Diamonds from the 121 Kimberlite Pipe
Monday November 27, 9:00 am ET
SHARES OUTSTANDING: 78 MILLION SYMBOL & EXCHANGE: FGT-V
MONTREAL, le 27 nov. /CNW Telbec/ - Forest Gate Resources Inc. reports that it has recovered 118 diamonds from two three-inch diameter drill holes targeting its portion of the 121 Kimberlite pipe located on its East Side Property near Prince Albert, Saskatchewan. The 121 Kimberlite pipe spills eastward across the shared boundary with Shore Gold on the eastern flank of the massive Fort a la Corne diamond field.
The 118 diamond tally also includes 10 macrodiamonds, stones with two faces greater than 0.5 millimetres, with the largest measuring 1.91 mm x 1.20 mm x 0.68 mm. Eighty seven of the 118 diamonds are coloured white while one is coloured yellow. The 118 diamonds came from 216.7 kilograms of split core that was sent to SGS Lakefield of Lakefield, Ontario for microdiamond analysis. The results are as follows.
Drill Sample Total +0.85 +0.600 +0.425 +0.300 +0.212 +0.150 +0.105
Hole Weight MD mm mm mm mm mm mm mm
(kg) Count Sieve Sieve Sieve Sieve Sieve Sieve Sieve
-------------------------------------------------------------------------
FG06-30 124.2 71 1 4 0 8 5 17 36
-------------------------------------------------------------------------
FG06-31 92.5 47 1 1 2 3 9 15 16
-------------------------------------------------------------------------
Total 216.7 118 2 5 2 11 14 32 52
-------------------------------------------------------------------------
The two vertical three-inch diameter drill holes, FG06-30 and FG06-31, were collared approximately 180 metres apart in the north - south direction and had kimberlite intercepts of 23.2 metres and 22.7 metres respectively.
"What I like is that we have diamondiferous kimberlite right off the top of the pipe." said Steve Roebuck, Forest Gate's Vice President of Exploration. "We hit kimberlite around the 140 metre depth interval and all the units sampled are diamondiferous."
To view an updated property map please visit our website at www.forestgate.ca. If you would like to speak to us in person, please visit us at the Forest Gate Resources booth at the Saskatchewan Open House in Saskatoon from November 27 - 29, 2006.
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
www.forestgate.ca
Trevor Burns, President, Tiger Capital Corporation, Toronto, Ontario, (416) 252-3663, investor@tigercapital.com
--------------------------------------------------------------------------------
Source: FOREST GATE RESOURCES INC.