Post by Franko10 ™ on Sept 20, 2004 10:41:28 GMT -5
October 10, 2000
STAR KIMBERLITE PROJECT-HIGHLY ENCOURAGING RESULTS
Jonathan Challis, President, is pleased to report that diamond analyses for four additional drill holes have now been received. A total of 287.7 kilograms (kgs) of split kimberlite core were processed with an average projected grade of 49 carats per 100 tonnes (cts/100t). This brings the number of holes that have been analyzed to 12 out of the total 15 NQ (1.875 inches diameter) and one PQ (3.35 inches diameter) diamond drill holes from the Star Kimberlite property. A total of 1,239.4 kgs of core has now been analysed from the 12 holes for which results are available, resulting in the recovery of 0.303 carats of diamonds. (Equivalent to a grade of 24 cts/100t).
Drill Hole Results
Hole No. Sampled Weight (kg) Sampled Interval (m) No. of Micros <0.5 mm No. of Macros >0.5mm Total Diamonds Projected Weighted Average Grade(cts/100t)
001 97.3 54.7 16 4 20 56
including 25.0 118
005 54.2 31.2 12 7 19 88
including 15.1 178
012 44.4 26.1 17 8 25 37
including 22.7 42
and 9.0 90
013 91.8 58.4 8 3 11 13
including 34.0 29 5 34 10
and 13.5 17
TOTAL/AVERAGE 287.7 53 22 75 49
12 holes to date
TOTAL/AVERAGE 1,239.4 213 59 272 24
*Note: The lesser sub-intervals reported may be contained within the larger sub-intervals and are meant to illustrate the potential for the occurrence of high-grade sections within the Star Kimberlite body.
The caustic dissolution analyses were completed by Kennecott Canada Inc.’s ISO Guide 25 Process Registered Thunder Bay Laboratory using a diamond recovery sieve size of 150 microns (100 mesh) and were done on split drill core samples averaging 8 kg in weight; the other half of the drill core has been retained.
The results from these four holes, as in the eight drill holes previously reported, continue to demonstrate high macro diamond content per kg of sample and the presence of potentially high-grade sections within the Star Kimberlite body. To date, a total of 59 macro diamonds have been recovered from the current drill program, 11 of which are greater than 1.0mm. Three of the largest stones were recovered from drill holes 001 and 005.
The Company is proceeding with the development of a Phase II, 2000 drill program to further delineate kimberlite thickness and dimensions and select the most appropriate site for a large-tonnage sample. The Star Kimberlite covers an area in excess of two square kilometres with thickness nearing 150 metres on the west and continuing north, east and south to thickness in excess of 30 metres. Preliminary estimates of continuous diamond-bearing kimberlite exceed 200 million tonnes indicated by drill holes and substantiated by geophysical modelling. Jonathan Challis, President, stated “the combination of the inferred grade and tonnage suggests that a resource of this nature could be economically viable in the Prince Albert area of Saskatchewan given the outstanding existing infrastructure and easy, year-round access to the property”.
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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 PROJECT-HIGHLY ENCOURAGING RESULTS
Jonathan Challis, President, is pleased to report that diamond analyses for four additional drill holes have now been received. A total of 287.7 kilograms (kgs) of split kimberlite core were processed with an average projected grade of 49 carats per 100 tonnes (cts/100t). This brings the number of holes that have been analyzed to 12 out of the total 15 NQ (1.875 inches diameter) and one PQ (3.35 inches diameter) diamond drill holes from the Star Kimberlite property. A total of 1,239.4 kgs of core has now been analysed from the 12 holes for which results are available, resulting in the recovery of 0.303 carats of diamonds. (Equivalent to a grade of 24 cts/100t).
Drill Hole Results
Hole No. Sampled Weight (kg) Sampled Interval (m) No. of Micros <0.5 mm No. of Macros >0.5mm Total Diamonds Projected Weighted Average Grade(cts/100t)
001 97.3 54.7 16 4 20 56
including 25.0 118
005 54.2 31.2 12 7 19 88
including 15.1 178
012 44.4 26.1 17 8 25 37
including 22.7 42
and 9.0 90
013 91.8 58.4 8 3 11 13
including 34.0 29 5 34 10
and 13.5 17
TOTAL/AVERAGE 287.7 53 22 75 49
12 holes to date
TOTAL/AVERAGE 1,239.4 213 59 272 24
*Note: The lesser sub-intervals reported may be contained within the larger sub-intervals and are meant to illustrate the potential for the occurrence of high-grade sections within the Star Kimberlite body.
The caustic dissolution analyses were completed by Kennecott Canada Inc.’s ISO Guide 25 Process Registered Thunder Bay Laboratory using a diamond recovery sieve size of 150 microns (100 mesh) and were done on split drill core samples averaging 8 kg in weight; the other half of the drill core has been retained.
The results from these four holes, as in the eight drill holes previously reported, continue to demonstrate high macro diamond content per kg of sample and the presence of potentially high-grade sections within the Star Kimberlite body. To date, a total of 59 macro diamonds have been recovered from the current drill program, 11 of which are greater than 1.0mm. Three of the largest stones were recovered from drill holes 001 and 005.
The Company is proceeding with the development of a Phase II, 2000 drill program to further delineate kimberlite thickness and dimensions and select the most appropriate site for a large-tonnage sample. The Star Kimberlite covers an area in excess of two square kilometres with thickness nearing 150 metres on the west and continuing north, east and south to thickness in excess of 30 metres. Preliminary estimates of continuous diamond-bearing kimberlite exceed 200 million tonnes indicated by drill holes and substantiated by geophysical modelling. Jonathan Challis, President, stated “the combination of the inferred grade and tonnage suggests that a resource of this nature could be economically viable in the Prince Albert area of Saskatchewan given the outstanding existing infrastructure and easy, year-round access to the property”.
--------------------------------------------------------------------------------
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