Post by Franko10 ™ on Sept 16, 2004 10:32:46 GMT -5
Diagem reports the completion of a four month formal program of mapping historical and current garimpeiro (artisan/informal) mining activities encompassing the entire Juina Diamond Province, Brazil. Analysis of this work has provided a region-wide understanding of the location and relative concentrations of short transit diamonds as well as their average sizes and qualities. These results have been extremely revealing, having profound implications for the expansion of the diamondiferous gravel program and the search for the kimberlite primary sources. As a result, 14 sprawling diamondiferous gravel target areas on 11 different properties have been identified. Each of these target areas is expected to yield a succession of economic gravel resource blocks, as well as being the more likely general location of the diamondiferous kimberlite pipes that feed them.
Consequently, the search for further diamondiferous gravels and kimberlite pipes has now expanded onto a regional basis, to cover a 60km wide front, coincident with the width of the entire Juina Diamond Province, and the Company's 130,000 hectare property portfolio. This expansion was facilitated by successfully acquiring, in January, extensions to four Exploration Licences totalling 37,382.66 hectares.
Much was learnt from the detailed exploration work completed in 2003, which has allowed the Company to become efficient at discovering the best and richest diamondiferous gravel concentrations. Furthermore, the data was used to analyse, in detail, the relationship between economic diamondiferous gravels and the most promising kimberlite magnetic anomalies, leading to the conclusion that the identification of the richest gravels is the surest and most effective way to identify their associated feeder kimberlite sources.
The systematic evaluation methodology, successfully adopted last year with the discovery of the Chicoria Creek Resource Block #1, is now being applied to the first chosen target gravel areas on property 119. The field team is in the process of gravel and heavy mineral mapping and delineation of a target area 2.5 kms in length. Heavy mineral content in gravels has been completed on a 1 km stretch of the target area to date, using 400 metre line spacing initially, to be gradually filled-in at 200 and 100 metre spacing. So far, the work has demonstrated a width of gravels of at least 500 meters. Bulk sampling will follow as soon as written agreements are signed with the landowners.
Diagem is a diamond exploration company, which in addition to its projects in Brazil has interests in Canada through its 40% equity position in KWG Resources Inc. (KWG - TSXV), which is currently pursuing drill programs, in Northern Ontario, on both kimberlite prospects and a recent volcanogenic massive sulphide ('VMS') discovery.
For and on behalf of
DIAGEM International Resource Corp.
"Dr. Mousseau Tremblay"
President