Post by Franko10 ™ on Sept 16, 2004 7:40:35 GMT -5
SPIDER RESOURCES INC. ("Spider") and joint venture partner KWG RESOURCES INC. ("KWG") report the recovery of eight (8) commercial sized diamonds (one dimension larger than 1.0 mm) and three (3) additional macrodiamonds (one dimension larger than 0.50mm) from surface sample BK3 that weighed 2.724 metric tonnes. This particular sample was selected from the main Sandor occurrence, centrally located on the jointly owned 45 square kilometer Wawa property in northern Ontario. This mini-bulk sample result is the first of three that were taken along a 1 kilometer strike length on the Sandor occurrence that outcrops in a roadcut on the Trans-Canada highway, some 35 kilometers north of Wawa, Ontario. The Sandor dike strikes more or less east-west and has been intermittently traced by mapping and sampling for one kilometer to the eastern boundary of the joint venture property where it is evident for another 700 meters outcropping along and nearby a common east-west boundary shared with Pele Mountain Resources Inc., in the vicinity of Pele's; "P.C. Dike", "Festival Occurrence" and "Jubilee Occurrence". The Sandor, P.C, Festival and Jubilee diamond occurrences may all be part of a single diamond mineralized structure, that strikes east - west for the better part of 2 kilometers, and varies between 5 and 12 meters in width.
Additional mini-bulk sample results from the Sandor Occurrence are expected over the course of the next few days and upon receipt, the final results will be tabulated and reported. The eight commercial size diamonds range in weight from 0.54 mg (0.0027 carats) to 6.49 mg (0.0325 carats or 3.25 points), with dimensions ranging from 1.18 mm by 0.90 mm by 0.64 mm to 1.92 mm by 1.76 mm by 1.44mm. The largest diamond is described as a white trigonal trisoctahedral crystal, while four diamonds are described as fragments of a larger (perhaps solitary) crystal (Lab report note #3 "It appears that diamonds 2 thru 5 recovered from sample BK3 were fragments of one larger stone."). The other three diamonds are described as colorless and clear, multi-cryst or fragments with striations. Management has not as yet viewed the diamonds, and relies upon a preliminary lab report, prepared by Saskatchewan Research Council ("SRC") laboratory.
The mini-bulk sampling program consisted of stripping and cleaning outcrop by bulldozer and excavator, along the strike of the Sandor occurrence, accompanied by geological mapping and channel sampling of the exposed bedrock. Three mini-bulk samples in total were collected along a one kilometer strike length. The dike width of the Sandor occurrence varies, between 5 and 12 meters, dipping sub-vertically. These three samples collected in June of 2001, were delivered under bond to the SRC laboratory in Saskatoon, Saskatchewan. In late December 2001, SRC commenced the processing of the three mini bulk samples using their dense media separation diamond recovery plant, which is designed to collect only commercial size diamonds. The initial laboratory controlled process involves jaw crushing the samples to pass through various screens, (+8mm, +4mm, +2mm, +1mm) with each screened fraction undergoing preliminary diamond observation, prior to any re-crush as required for the oversize to pass through the next lower screen size, all undersize material is saved. The various screen fractions are then passed through a diamond jig (rotary pan) to produce a heavy mineral concentrate. The concentrate is subjected to magnetic separation to remove any magnetic minerals and the remaining material is then subjected to caustic fusion, to remove the non-resistant minerals. The final residue is then neutralized and washed with hydrochloric and hydrofluoric acid to remove all other minerals except diamond. Each diamond is individually weighed, measured and described. In addition to this normal lab procedure, Spider and KWG elected to complete a similar process on all of the oversize material (that was caught on the larger screens), as well as the undersize material, being the material that passed through the 1.0 mm screen but was held by a 0.5mm screen. This additional process while time consuming, involved rolls crushing of the oversize and the undersize material followed by re-treatment of the mineral concentrate with caustic fusion. The end result, provides a better understanding of the diamond population, that is required in this early stage of diamond occurrence evaluation. This further processing of the sample recovered three additional macrodiamonds and three additional commercial size diamonds that were not liberated in the first pass.
The chronology of events that have led up to this first mini-bulk test of the Sandor Occurrence are as follows:
November 1995: Sandor Surmacz and Marcelle Hauseux receive positive test on 18.10 kg sample, yielded one macrodiamond and five microdiamonds, site dubbed the Sandor Occurrence;
February 1996: Spider Resources Inc. optioned property from Surmacz and Hauseux;
May 1996: Spider confirms diamond occurrence, sample Lal-1 weighing 31.6 kilograms yielded 10 diamonds (incl. 2 macros), Lal-2 weighing 36.0 kg yielded 54 diamonds (incl. 6 macros);
September 1996: Spider sampling suggests that diamonds are not contained in matrix material (Lal-5 yielded no diamonds), however they are contained in the xenolithic portion of the rock (Lal-8 weighing 33.3 kg. yielded 3 diamonds);
October 1996: Spider selected approximately 175 kg for diamond analysis using semi autogenous attrition (lab scale SAG mill) followed by screen classification and Wilfley table concentration yielded no commercial size diamonds. Ron Sage (Ph.D.) of Ontario Geological Survey reports recovering one commercial size stone from matrix material (all xenolithic material removed) from the Sandor occurrence, this diamond measured 1.5mm by 1.2 mm by 1.0 mm.
Between 1995 and 2002 a total of 72 diamonds including one commercial stone (with one dimension > 1.0mm), 9 macrodiamonds (0.5mm to 1.0mmn in one dimension) and 62 microdiamonds (>0.5mm in one dimension) have been recovered from a total of 138.7 kilograms of material (excluding the SAG mill test). This property hosts the original in-situ diamond discovery site for the Wawa area has been maintained by Spider and KWG since 1996, in agreement with Wagner Forest Products and Sandor Surmacz/Marcelle Hauseux. Exploration on the Wawa project has, since its inception, been under the direct auspices of Neil Novak (B.Sc.) as the Qualified Person ("QP"). Neil Novak is a geologist, and an officer and director of Spider Resources Inc., therefore, other Independent Qualified Person(s) ("IQP") have been employed during the various exploration phases including Roger Thomas (M.Sc., P.Eng.) of Carp, Ontario and James Burns (B.Sc. P.Eng.) of Timmins, Ontario.
The Spider - KWG joint venture expects to receive the balance of the results from the mini-bulk sample program within the week. In addition, the joint venture has taken samples from 35 additional "Sandor-like" occurrences throughout their joint venture property, the results of these regional samples are also expected shortly.
Spider -KWG have 24 core samples from 6 diamond drill holes from the Kyle #3 kimberlite on their James Bay Lowlands property in Northern Ontario that are currently being processed. The joint venture expects the results before the end of February. Once all the sample results have been received the joint venture will undertake a detailed assessment and evaluation to determine the next steps in the exploration program.
In addition to the Wawa project, Spider and KWG are involved in a multi-year joint venture with DeBeers Canada Exploration in the Spider #3 area of northern Ontario, where DeBeers has agreed to expend $5.5 million over six years to earn a 60% interest. Spider and KWG's other main area of exploration is the Spider #1 area of northern Ontario, where they have located 7 diamond bearing kimberlites, that are in various stages of exploration.
For more information on Spider Resources Inc. please visit our website: www.spiderresources.com
Additional mini-bulk sample results from the Sandor Occurrence are expected over the course of the next few days and upon receipt, the final results will be tabulated and reported. The eight commercial size diamonds range in weight from 0.54 mg (0.0027 carats) to 6.49 mg (0.0325 carats or 3.25 points), with dimensions ranging from 1.18 mm by 0.90 mm by 0.64 mm to 1.92 mm by 1.76 mm by 1.44mm. The largest diamond is described as a white trigonal trisoctahedral crystal, while four diamonds are described as fragments of a larger (perhaps solitary) crystal (Lab report note #3 "It appears that diamonds 2 thru 5 recovered from sample BK3 were fragments of one larger stone."). The other three diamonds are described as colorless and clear, multi-cryst or fragments with striations. Management has not as yet viewed the diamonds, and relies upon a preliminary lab report, prepared by Saskatchewan Research Council ("SRC") laboratory.
The mini-bulk sampling program consisted of stripping and cleaning outcrop by bulldozer and excavator, along the strike of the Sandor occurrence, accompanied by geological mapping and channel sampling of the exposed bedrock. Three mini-bulk samples in total were collected along a one kilometer strike length. The dike width of the Sandor occurrence varies, between 5 and 12 meters, dipping sub-vertically. These three samples collected in June of 2001, were delivered under bond to the SRC laboratory in Saskatoon, Saskatchewan. In late December 2001, SRC commenced the processing of the three mini bulk samples using their dense media separation diamond recovery plant, which is designed to collect only commercial size diamonds. The initial laboratory controlled process involves jaw crushing the samples to pass through various screens, (+8mm, +4mm, +2mm, +1mm) with each screened fraction undergoing preliminary diamond observation, prior to any re-crush as required for the oversize to pass through the next lower screen size, all undersize material is saved. The various screen fractions are then passed through a diamond jig (rotary pan) to produce a heavy mineral concentrate. The concentrate is subjected to magnetic separation to remove any magnetic minerals and the remaining material is then subjected to caustic fusion, to remove the non-resistant minerals. The final residue is then neutralized and washed with hydrochloric and hydrofluoric acid to remove all other minerals except diamond. Each diamond is individually weighed, measured and described. In addition to this normal lab procedure, Spider and KWG elected to complete a similar process on all of the oversize material (that was caught on the larger screens), as well as the undersize material, being the material that passed through the 1.0 mm screen but was held by a 0.5mm screen. This additional process while time consuming, involved rolls crushing of the oversize and the undersize material followed by re-treatment of the mineral concentrate with caustic fusion. The end result, provides a better understanding of the diamond population, that is required in this early stage of diamond occurrence evaluation. This further processing of the sample recovered three additional macrodiamonds and three additional commercial size diamonds that were not liberated in the first pass.
The chronology of events that have led up to this first mini-bulk test of the Sandor Occurrence are as follows:
November 1995: Sandor Surmacz and Marcelle Hauseux receive positive test on 18.10 kg sample, yielded one macrodiamond and five microdiamonds, site dubbed the Sandor Occurrence;
February 1996: Spider Resources Inc. optioned property from Surmacz and Hauseux;
May 1996: Spider confirms diamond occurrence, sample Lal-1 weighing 31.6 kilograms yielded 10 diamonds (incl. 2 macros), Lal-2 weighing 36.0 kg yielded 54 diamonds (incl. 6 macros);
September 1996: Spider sampling suggests that diamonds are not contained in matrix material (Lal-5 yielded no diamonds), however they are contained in the xenolithic portion of the rock (Lal-8 weighing 33.3 kg. yielded 3 diamonds);
October 1996: Spider selected approximately 175 kg for diamond analysis using semi autogenous attrition (lab scale SAG mill) followed by screen classification and Wilfley table concentration yielded no commercial size diamonds. Ron Sage (Ph.D.) of Ontario Geological Survey reports recovering one commercial size stone from matrix material (all xenolithic material removed) from the Sandor occurrence, this diamond measured 1.5mm by 1.2 mm by 1.0 mm.
Between 1995 and 2002 a total of 72 diamonds including one commercial stone (with one dimension > 1.0mm), 9 macrodiamonds (0.5mm to 1.0mmn in one dimension) and 62 microdiamonds (>0.5mm in one dimension) have been recovered from a total of 138.7 kilograms of material (excluding the SAG mill test). This property hosts the original in-situ diamond discovery site for the Wawa area has been maintained by Spider and KWG since 1996, in agreement with Wagner Forest Products and Sandor Surmacz/Marcelle Hauseux. Exploration on the Wawa project has, since its inception, been under the direct auspices of Neil Novak (B.Sc.) as the Qualified Person ("QP"). Neil Novak is a geologist, and an officer and director of Spider Resources Inc., therefore, other Independent Qualified Person(s) ("IQP") have been employed during the various exploration phases including Roger Thomas (M.Sc., P.Eng.) of Carp, Ontario and James Burns (B.Sc. P.Eng.) of Timmins, Ontario.
The Spider - KWG joint venture expects to receive the balance of the results from the mini-bulk sample program within the week. In addition, the joint venture has taken samples from 35 additional "Sandor-like" occurrences throughout their joint venture property, the results of these regional samples are also expected shortly.
Spider -KWG have 24 core samples from 6 diamond drill holes from the Kyle #3 kimberlite on their James Bay Lowlands property in Northern Ontario that are currently being processed. The joint venture expects the results before the end of February. Once all the sample results have been received the joint venture will undertake a detailed assessment and evaluation to determine the next steps in the exploration program.
In addition to the Wawa project, Spider and KWG are involved in a multi-year joint venture with DeBeers Canada Exploration in the Spider #3 area of northern Ontario, where DeBeers has agreed to expend $5.5 million over six years to earn a 60% interest. Spider and KWG's other main area of exploration is the Spider #1 area of northern Ontario, where they have located 7 diamond bearing kimberlites, that are in various stages of exploration.
For more information on Spider Resources Inc. please visit our website: www.spiderresources.com