Post by Franko10 ™ on Sept 20, 2004 10:33:43 GMT -5
February 8, 2000
Star Kimberlite-Drilling Update
Jonathan Challis, President, is pleased to report that two drill holes out of a proposed 10 hole drill program, have now been completed on the company’s 100%-owned “Star” Kimberlite, with drilling underway on the third hole. The first drill hole, Star 001, was collared approximately 700m south of holes 96-3, 97-3A and 97-3B (drilled in 1996 and 1997). Star 001 intersected 46.5m of the main zone kimberlite compared with an average of 45.3m previously intersected in the three northern holes. The second drill hole, Star 002, was collared 300m south of Star 001 and intersected 26.2m of kimberlite. This compares to the 20.2m of kimberlite previously intersected in drill hole 96-4, located 450m to the south.
The kimberlite recovered in the new holes is massive with abundant indicator minerals and is identical to the main kimberlite zone intersected in every drill hole to date. Sampling from this zone, which is one of four known diamond bearing zones, has produced 871 diamonds from 1,201 kg of sample, including 72 macrodiamonds (greater than 0.5 mm).
The "Star" Kimberlite, located 60 km east of Prince Albert, Saskatchewan, is a thick, sill-like deposit measuring approximately 2.0 km by 1.5 km. The current drill program is designed to determine the continuity, thickness and consistency of diamond content of the main diamond-bearing zone. Drill targets will not be confined to areas of high magnetic susceptibility, but will also include areas represented by low magnetic response.
Further updates and results will be reported on as the work program progresses.
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Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
For further information please contact:
Kenneth E. MacNeill, President & C.E.O.; George Sanders, Vice President Corporate Development; or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202
Star Kimberlite-Drilling Update
Jonathan Challis, President, is pleased to report that two drill holes out of a proposed 10 hole drill program, have now been completed on the company’s 100%-owned “Star” Kimberlite, with drilling underway on the third hole. The first drill hole, Star 001, was collared approximately 700m south of holes 96-3, 97-3A and 97-3B (drilled in 1996 and 1997). Star 001 intersected 46.5m of the main zone kimberlite compared with an average of 45.3m previously intersected in the three northern holes. The second drill hole, Star 002, was collared 300m south of Star 001 and intersected 26.2m of kimberlite. This compares to the 20.2m of kimberlite previously intersected in drill hole 96-4, located 450m to the south.
The kimberlite recovered in the new holes is massive with abundant indicator minerals and is identical to the main kimberlite zone intersected in every drill hole to date. Sampling from this zone, which is one of four known diamond bearing zones, has produced 871 diamonds from 1,201 kg of sample, including 72 macrodiamonds (greater than 0.5 mm).
The "Star" Kimberlite, located 60 km east of Prince Albert, Saskatchewan, is a thick, sill-like deposit measuring approximately 2.0 km by 1.5 km. The current drill program is designed to determine the continuity, thickness and consistency of diamond content of the main diamond-bearing zone. Drill targets will not be confined to areas of high magnetic susceptibility, but will also include areas represented by low magnetic response.
Further updates and results will be reported on as the work program progresses.
--------------------------------------------------------------------------------
Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".
For further information please contact:
Kenneth E. MacNeill, President & C.E.O.; George Sanders, Vice President Corporate Development; or George H. Read, P. Geo., Vice President Exploration at (306) 664-2202