Owner
Post by Franko10 ™ on Sept 16, 2004 9:44:25 GMT -5
Diagem International Resource Corp. reports that KWG Resources Inc. ('KWG'), a company in which Diagem has a 33.89% interest, and joint venturer Spider Resources Inc. ('Spider') announced on August 5th, the assay results from the resumed drill program on their jointly held McFaulds Lake property in the James Bay Lowlands of northern Ontario. The project area is located at approximately 520 50'N latitude and 860 5'W longitude, placing it some 560 kilometers northeast of Thunder Bay, Ontario.
Previously, the joint venture announced the results of the winter drilling activity on this new base metal discovery at McFaulds Lake. The drilling results (previously released) are summarized as:
Hole
Section
From (m)
To (m)
Int. (m)
Cu %
Zn %
McF-03-01
4+00E
177.3
182
4.7
1.79
207.5
216.4
8.9
1.43
McF-03-02
4+00E
65.1
77.4
12.3
0.53
95.3
100.7
5.4
5.45
McF-03-06
4+00E
165.9
171.5
5.6
2.9
179.2
188.9
9.7
5.40
McF-03-08
4+50E
174.7
180.3
5.6
3.39
196.5
200.6
4.1
7.64
McF-03-03
5+00E
100.5
105.6
5.1
4.11
100.5
104.4
3.9
5.25
McF-03-04
5+00E
144.8
153.5
8.7
0.49
146
152.2
6.2
3.30
McF-03-05
5+00E
245.3
261.3
16
0.45
McF-03-07
5+50E
253.8
260.7
6.9
3.55
250.5
253.8
3.3
2.05
Drilling resumed in mid-July on the McFaulds #1 drill target. To date six holes (9 through to 14) have been completed and assay results have been received from ALS Chemex Labs in Vancouver for holes 9 and 10. The significant assay results are summarized as follows:
Hole
Section
From (m)
To (m)
Int. (m)
Cu %
Zn %
McF-03-09
4+50E
156.5
159.5
3.0
1.07
239.93
245.8
5.8
2.93
McF-03-10
6+00E
302.2
306.4
3.25
8.20
306
307
1.0
1.94
Hole 9 undercut previous hole 8 on section 4+50 E and hole 10 was set up on section 6+00 E, 50 m east of hole 7 which is on section 5+50 E. Hole 11 undercuts hole 10 on the same section (6+00 E), it also intercepted sulphide mineralization and the representative core of the mineralized zone is currently being assayed.
The McFaulds #1 zone has a steep dip to the north and a plunge to the northeast. The drilling to date has intersected the mineralization within the outlined geophysical anomaly; the drilling further indicates that the mineralization continues beyond the limits of geophysical detection as per the techniques used to date. Our geological and geophysical consultants are now evaluating the drill results and survey data received to date and awaiting further geophysical information to develop a plan for deeper drilling, meanwhile, drilling resumes to further delineate the near surface (to 200 meters vertical depth) sulphide occurrence.
The drill rig was moved off of the McFaulds #1 zone to test a second geophysical anomaly located 750 meters to the northwest of the main McFaulds #1 zone. Hole 12 and 13 were completed on this new target, management further reports that sulphide mineralization was encountered in both holes; samples representing the mineralized intersection have been selected and sent for assay. Max-min along with ground magnetic geophysical surveying is currently being completed on this new sulphide occurrence; lines have been extended from the main McFaulds grid to cover this target area. Upon completion of two holes, the drill has been relocated on the west end of the McFaulds #1 zone and is currently drilling hole 15 and 16 on section 3+50 meters East, testing the main occurrence at vertical 75 and 150 meters depth.
Preliminary results from the Fugro Airborne Electro-Magnetic (AEM) survey has, as expected, aided greatly to our understanding and interpretation of the volcanic stratigraphy and the structural geology of this greenstone belt. Line cutting crews will start cutting grids on selected targets and a geophysical crew is ready in the field to commence Max-Min and magnetic surveys on these targets prior to drilling.
All analytical results reported herein are from samples selected during the normal logging process of the drill core as conducted by site geologist, James G. Burns (P.Eng.), an independent qualified person. Samples were individually bagged and delivered under bond from the field location to ALS Chemex's sample preparation facility in Thunder Bay, Ontario where they were crushed, split and then sent via bonded air courier to the ALS Chemex Laboratory in Vancouver, B.C. where the samples were analyzed using ME-MS61 (4 acid digestion - ICP finish) multi-element analysis. All over-limit samples are reprocessed internally by the lab using AA-62 (4 acid digestion - AA finish) for high-grade analysis.
Diagem, directly and indirectly (through KWG Resources), controls 21 diamondiferous pipes in Brazil and Canada (James Bay, Wawa and massive sulphides discovered in the James Bay Lowlands in N. Ontario).
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
Chairman
Previously, the joint venture announced the results of the winter drilling activity on this new base metal discovery at McFaulds Lake. The drilling results (previously released) are summarized as:
Hole
Section
From (m)
To (m)
Int. (m)
Cu %
Zn %
McF-03-01
4+00E
177.3
182
4.7
1.79
207.5
216.4
8.9
1.43
McF-03-02
4+00E
65.1
77.4
12.3
0.53
95.3
100.7
5.4
5.45
McF-03-06
4+00E
165.9
171.5
5.6
2.9
179.2
188.9
9.7
5.40
McF-03-08
4+50E
174.7
180.3
5.6
3.39
196.5
200.6
4.1
7.64
McF-03-03
5+00E
100.5
105.6
5.1
4.11
100.5
104.4
3.9
5.25
McF-03-04
5+00E
144.8
153.5
8.7
0.49
146
152.2
6.2
3.30
McF-03-05
5+00E
245.3
261.3
16
0.45
McF-03-07
5+50E
253.8
260.7
6.9
3.55
250.5
253.8
3.3
2.05
Drilling resumed in mid-July on the McFaulds #1 drill target. To date six holes (9 through to 14) have been completed and assay results have been received from ALS Chemex Labs in Vancouver for holes 9 and 10. The significant assay results are summarized as follows:
Hole
Section
From (m)
To (m)
Int. (m)
Cu %
Zn %
McF-03-09
4+50E
156.5
159.5
3.0
1.07
239.93
245.8
5.8
2.93
McF-03-10
6+00E
302.2
306.4
3.25
8.20
306
307
1.0
1.94
Hole 9 undercut previous hole 8 on section 4+50 E and hole 10 was set up on section 6+00 E, 50 m east of hole 7 which is on section 5+50 E. Hole 11 undercuts hole 10 on the same section (6+00 E), it also intercepted sulphide mineralization and the representative core of the mineralized zone is currently being assayed.
The McFaulds #1 zone has a steep dip to the north and a plunge to the northeast. The drilling to date has intersected the mineralization within the outlined geophysical anomaly; the drilling further indicates that the mineralization continues beyond the limits of geophysical detection as per the techniques used to date. Our geological and geophysical consultants are now evaluating the drill results and survey data received to date and awaiting further geophysical information to develop a plan for deeper drilling, meanwhile, drilling resumes to further delineate the near surface (to 200 meters vertical depth) sulphide occurrence.
The drill rig was moved off of the McFaulds #1 zone to test a second geophysical anomaly located 750 meters to the northwest of the main McFaulds #1 zone. Hole 12 and 13 were completed on this new target, management further reports that sulphide mineralization was encountered in both holes; samples representing the mineralized intersection have been selected and sent for assay. Max-min along with ground magnetic geophysical surveying is currently being completed on this new sulphide occurrence; lines have been extended from the main McFaulds grid to cover this target area. Upon completion of two holes, the drill has been relocated on the west end of the McFaulds #1 zone and is currently drilling hole 15 and 16 on section 3+50 meters East, testing the main occurrence at vertical 75 and 150 meters depth.
Preliminary results from the Fugro Airborne Electro-Magnetic (AEM) survey has, as expected, aided greatly to our understanding and interpretation of the volcanic stratigraphy and the structural geology of this greenstone belt. Line cutting crews will start cutting grids on selected targets and a geophysical crew is ready in the field to commence Max-Min and magnetic surveys on these targets prior to drilling.
All analytical results reported herein are from samples selected during the normal logging process of the drill core as conducted by site geologist, James G. Burns (P.Eng.), an independent qualified person. Samples were individually bagged and delivered under bond from the field location to ALS Chemex's sample preparation facility in Thunder Bay, Ontario where they were crushed, split and then sent via bonded air courier to the ALS Chemex Laboratory in Vancouver, B.C. where the samples were analyzed using ME-MS61 (4 acid digestion - ICP finish) multi-element analysis. All over-limit samples are reprocessed internally by the lab using AA-62 (4 acid digestion - AA finish) for high-grade analysis.
Diagem, directly and indirectly (through KWG Resources), controls 21 diamondiferous pipes in Brazil and Canada (James Bay, Wawa and massive sulphides discovered in the James Bay Lowlands in N. Ontario).
For and on behalf of
DIAGEM International Resource Corp.
"David Cohen"
Chairman
