Owner
Post by Franko10 ™ on Feb 9, 2005 9:01:23 GMT -5
76 Diamonds with a Calculated Weight of 0.61 Carat Recovered from 95.3 KG of Sample from the Wawa Diamond Property (ccnm)
MONTREAL, QUEBEC--(CCNMatthews - Feb. 9, 2005) - DIAGEM INC. (TSX VENTURE:DGM)("Diagem") reports that the Wawa Diamond Joint Venture of KWG RESOURCES INC. (TSX VENTURE:KWG) (51%), a company in which Diagem currently has a 33.7% interest, and SPIDER RESOURCES INC. (TSX VENTURE:SPQ) (49%) has received preliminary results of the analysis of 2,020 diamonds contained in seven (7) samples recovered from the project (as reported by the Joint Venture on January 21, 2005). Four (4) of the samples, having a combined weight of 95.3 kilograms, yielded seventy-six (76) diamonds with a combined analytical mass of 0.607 carat.
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Size
Sample Distribution Number Calculated Calculated
Sample Weight in in of Weight in Weight in
Number kilograms millimeters Diamonds octacarats carats
---------------------------------------------------------------------
2004-LAL-232(i) 19.8 From 0.8 11 5821673 0.058
- 1.0 mm
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Larger than 9 10619657 0.106
1.0 mm
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2004-LAL-233 22.8 From 0.8 1 504900 0.005
- 1.0 mm
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Larger than 0 0 0.000
1.0 mm
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2004-LAL-234(i) 30.1 From 0.8 39 27448949 0.274
- 1.0 mm
---------------------------------------------------------------------
Larger than 14 15130797 0.151
1.0 mm
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2004-LAL-235 22.6 From 0.8 1 249797 0.002
- 1.0 mm
---------------------------------------------------------------------
Larger than 1 953272 0.010
1.0 mm
---------------------------------------------------------------------
Total 95.3 76 60729046 0.607
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(i) sample comprised largely of xenolithic material
These 76 diamonds were isolated from the greater population of 2,020 diamonds, by each of them being selected as a result of having at least one dimension exceeding 0.8 millimeter (one of the primary thresholds used to determine commercial significance). The analytically-derived mass of 0.607 carat is the product of application of the industry-standard formula used to calculate octacarats (i.e. to the eighth decimal place) from three (3) measured dimensions, rather than the sum of the individual gravimetric weights of the 76 diamonds (now being undertaken for confirmation). The remaining 1,944 diamonds contained in the seven (7) samples, that were smaller than 0.8 millimeter in one dimension, were not included in the calculation of the total weight of carats in the samples.
Of the four (4) samples that yielded the 76 diamonds totaling 0.607 carat, two were recovered from xenoliths encapsulated in the harder surrounding matrix, as represented by the other two samples. The xenolithic samples totaling 49.9 kilograms (of the total 95.3 kilograms) contained 0.59 carat (of the total 0.607 carat) of measured stones and 1,749 (1,676 unmeasured) of the total population of 2,020 diamonds contained in all seven (7) samples. (An eighth sample, measuring 21.6 kilograms was barren). Only three (3) measured stones and 62 unmeasured diamonds were contained in the two non-xenolithic samples totaling 45.4 kilograms. The eight (8) samples analyzed to date, are the first part to be reported of a suite of thirty such samples submitted for analysis.
In the following tabulation, samples LAL 232, 234, and 236 were collected to be specifically representative of the xenolithic material (oblong football shaped nodules of talc and actinolite), while samples LAL 233, 235 and 237 consist mostly of the fine-grained matrix hosting the xenoliths with minor xenoliths. The other two samples (LAL 231 and 238) were selected during the sampling process, for purposes other than determining the diamond content of the xenoliths.
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DIAMOND SIZE DISTRIBUTION
(in millimeters)
---------------------------------------------------------------------
greater
SAMPLE than
NUMBER KILOGRAMS 1.0 1.0 - 0.8 0.8 - 0.5 0.5 - 0.2 TOTAL
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2004-LAL-231 21.6 0 0 0 0 0
2004-LAL-232 19.8 9 11 44 53 117
2004-LAL-233 22.8 0 1 4 16 21
2004-LAL-234 30.1 14 39 221 1358 1632
2004-LAL-235 22.6 1 1 10 32 44
2004-LAL-236 10.0 0 0 10 165 175
2004-LAL-237 10.0 0 0 1 17 18
2004-LAL-238 10.0 0 0 4 9 13
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147.0 24 52 294 1650 2020
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As indicated by the Joint Venture in its News Release of January 21, 2005, the eight (of thirty) samples were processed by caustic dissolution. Individual descriptions (xyz dimensions, crystal descriptions, actual carat weight of larger stones, and octacarat weights, etc.) for each diamond in the eight samples were provided. These samples were collected from rocks in the vicinity of one of the two five-tonne bulk samples currently being processed at the SGF testing facilities at Lakefield, Ontario. The samples reported herein were individually bagged and sealed by James Burns, P.Eng., an Independent Qualified Person, and delivered by bonded carrier to the Kennecott Canada Exploration Inc Mineral Processing Laboratory in Thunder Bay, Ontario where the samples are undergoing micro diamond recovery and observation (MDob) using Caustic Fusion followed by microscopic examination of the caustic fusion product for micro diamonds, from various sieve sizes. Only those diamonds that were captured on a 0.15 mm or greater sieve were collected and reported. Neil Novak, Pr. Geo., of Spider Resources Inc. has reviewed the technical information presented in this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
DIAGEM INC.
Mousseau Tremblay
Chairman and CEO
(514) 866-6001 OR (613) 347-2561
(514) 866-6193 (FAX)
www.diagem.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
MONTREAL, QUEBEC--(CCNMatthews - Feb. 9, 2005) - DIAGEM INC. (TSX VENTURE:DGM)("Diagem") reports that the Wawa Diamond Joint Venture of KWG RESOURCES INC. (TSX VENTURE:KWG) (51%), a company in which Diagem currently has a 33.7% interest, and SPIDER RESOURCES INC. (TSX VENTURE:SPQ) (49%) has received preliminary results of the analysis of 2,020 diamonds contained in seven (7) samples recovered from the project (as reported by the Joint Venture on January 21, 2005). Four (4) of the samples, having a combined weight of 95.3 kilograms, yielded seventy-six (76) diamonds with a combined analytical mass of 0.607 carat.
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Size
Sample Distribution Number Calculated Calculated
Sample Weight in in of Weight in Weight in
Number kilograms millimeters Diamonds octacarats carats
---------------------------------------------------------------------
2004-LAL-232(i) 19.8 From 0.8 11 5821673 0.058
- 1.0 mm
---------------------------------------------------------------------
Larger than 9 10619657 0.106
1.0 mm
---------------------------------------------------------------------
2004-LAL-233 22.8 From 0.8 1 504900 0.005
- 1.0 mm
---------------------------------------------------------------------
Larger than 0 0 0.000
1.0 mm
---------------------------------------------------------------------
2004-LAL-234(i) 30.1 From 0.8 39 27448949 0.274
- 1.0 mm
---------------------------------------------------------------------
Larger than 14 15130797 0.151
1.0 mm
---------------------------------------------------------------------
2004-LAL-235 22.6 From 0.8 1 249797 0.002
- 1.0 mm
---------------------------------------------------------------------
Larger than 1 953272 0.010
1.0 mm
---------------------------------------------------------------------
Total 95.3 76 60729046 0.607
---------------------------------------------------------------------
(i) sample comprised largely of xenolithic material
These 76 diamonds were isolated from the greater population of 2,020 diamonds, by each of them being selected as a result of having at least one dimension exceeding 0.8 millimeter (one of the primary thresholds used to determine commercial significance). The analytically-derived mass of 0.607 carat is the product of application of the industry-standard formula used to calculate octacarats (i.e. to the eighth decimal place) from three (3) measured dimensions, rather than the sum of the individual gravimetric weights of the 76 diamonds (now being undertaken for confirmation). The remaining 1,944 diamonds contained in the seven (7) samples, that were smaller than 0.8 millimeter in one dimension, were not included in the calculation of the total weight of carats in the samples.
Of the four (4) samples that yielded the 76 diamonds totaling 0.607 carat, two were recovered from xenoliths encapsulated in the harder surrounding matrix, as represented by the other two samples. The xenolithic samples totaling 49.9 kilograms (of the total 95.3 kilograms) contained 0.59 carat (of the total 0.607 carat) of measured stones and 1,749 (1,676 unmeasured) of the total population of 2,020 diamonds contained in all seven (7) samples. (An eighth sample, measuring 21.6 kilograms was barren). Only three (3) measured stones and 62 unmeasured diamonds were contained in the two non-xenolithic samples totaling 45.4 kilograms. The eight (8) samples analyzed to date, are the first part to be reported of a suite of thirty such samples submitted for analysis.
In the following tabulation, samples LAL 232, 234, and 236 were collected to be specifically representative of the xenolithic material (oblong football shaped nodules of talc and actinolite), while samples LAL 233, 235 and 237 consist mostly of the fine-grained matrix hosting the xenoliths with minor xenoliths. The other two samples (LAL 231 and 238) were selected during the sampling process, for purposes other than determining the diamond content of the xenoliths.
---------------------------------------------------------------------
DIAMOND SIZE DISTRIBUTION
(in millimeters)
---------------------------------------------------------------------
greater
SAMPLE than
NUMBER KILOGRAMS 1.0 1.0 - 0.8 0.8 - 0.5 0.5 - 0.2 TOTAL
---------------------------------------------------------------------
2004-LAL-231 21.6 0 0 0 0 0
2004-LAL-232 19.8 9 11 44 53 117
2004-LAL-233 22.8 0 1 4 16 21
2004-LAL-234 30.1 14 39 221 1358 1632
2004-LAL-235 22.6 1 1 10 32 44
2004-LAL-236 10.0 0 0 10 165 175
2004-LAL-237 10.0 0 0 1 17 18
2004-LAL-238 10.0 0 0 4 9 13
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147.0 24 52 294 1650 2020
---------------------------------------------------------------------
As indicated by the Joint Venture in its News Release of January 21, 2005, the eight (of thirty) samples were processed by caustic dissolution. Individual descriptions (xyz dimensions, crystal descriptions, actual carat weight of larger stones, and octacarat weights, etc.) for each diamond in the eight samples were provided. These samples were collected from rocks in the vicinity of one of the two five-tonne bulk samples currently being processed at the SGF testing facilities at Lakefield, Ontario. The samples reported herein were individually bagged and sealed by James Burns, P.Eng., an Independent Qualified Person, and delivered by bonded carrier to the Kennecott Canada Exploration Inc Mineral Processing Laboratory in Thunder Bay, Ontario where the samples are undergoing micro diamond recovery and observation (MDob) using Caustic Fusion followed by microscopic examination of the caustic fusion product for micro diamonds, from various sieve sizes. Only those diamonds that were captured on a 0.15 mm or greater sieve were collected and reported. Neil Novak, Pr. Geo., of Spider Resources Inc. has reviewed the technical information presented in this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
DIAGEM INC.
Mousseau Tremblay
Chairman and CEO
(514) 866-6001 OR (613) 347-2561
(514) 866-6193 (FAX)
www.diagem.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
