Post by Franko10 ™ on Sept 16, 2004 9:18:39 GMT -5
Diagem International Resource Corp. is pleased to announce that KWG Resources Inc. ("KWG"), in which it holds a 38.89% interest, and KWG's joint venture partner, Spider Resources Inc. ("Spider"), have reported that additional analytical results have been received from De Beers Canada Exploration Inc. ("De Beers") regarding their 2002 exploration program on the Spider #3 project area. The new results include values over various short (0.5 meters) sections as high as 7.09% Cu, 4.67% Zn, 2.68% Pb, 150.6 g/t Ag and 0.76 g/t Au. The entire 8 meter section that was drilled and sampled, using reverse circulation ("R.C.") techniques, averaged 1.61% Cu, 0.34% Zn, 0.13% Pb, 9.9 g/t Ag and 0.13 g/t Au. The magnetic and electromagnetic survey results as completed over this discovery area have been reported upon by De Beers in house geophysical personnel. The magnetically rendered body, tested by the single RC hole, is interpreted as an elongate feature 220 meters in length and 60 meters in width, striking NE. In light of this new information, (geophysics, coupled with metal analysis and geology), Spider and KWG are interpreting this discovery as a new volcanogenic massive sulphide (VMS) type base metal occurrence. Similar pods of sulphide accumulation can be expected to occur, along the strike of the VMS belt. De Beers further reports that a second yet untested geophysical anomaly of similar type is located nearby.
All samples underwent chemical analysis at Bondar Clegg's Laboratory in Ottawa for base metal content as directed and reported upon by De Beers. Also, of note in the multi-element analysis received from the laboratory is that there is a depletion of sulphur in the top meter of the Precambrian section while there is over-detection limits in sulphur over the remainder of the hole. This suggests the formation of an oxide cap, with an underlying sulphide zone. Normally, precious metals including gold and silver are enriched in the cap, whereas in the sulphide zone metals such as copper, lead and zinc are enriched. The R.C. hole ended in massive sulphides.
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
President
All samples underwent chemical analysis at Bondar Clegg's Laboratory in Ottawa for base metal content as directed and reported upon by De Beers. Also, of note in the multi-element analysis received from the laboratory is that there is a depletion of sulphur in the top meter of the Precambrian section while there is over-detection limits in sulphur over the remainder of the hole. This suggests the formation of an oxide cap, with an underlying sulphide zone. Normally, precious metals including gold and silver are enriched in the cap, whereas in the sulphide zone metals such as copper, lead and zinc are enriched. The R.C. hole ended in massive sulphides.
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
President