Post by Franko10 ™ on Sept 20, 2004 10:49:24 GMT -5
May 17, 2001
Star Kimberlite Project- Star 020 Confirmed As Diatreme
Jonathan Challis, President, is very pleased to report that Shore has received a report from Mineral Science Ltd on the petrographic analysis from samples taken from drill holes Star 020, Star 015, Star 023, FALC 96-2 and FALC 96-5. Mineral Science Ltd is a UK based consulting firm, specialising in mineral analysis. Dr Bowles, the principal of the company, has extensive experience in mineral analysis (including work on kimberlites worldwide).
A total of fifteen samples were submitted for analysis, of which, eleven samples were taken from Star 020 over a depth from surface ranging from 113 metres to 617 metres. The remaining four samples were taken from Star 015, Star 023, FALC 96-2 and FALC 96-5 at respective depths of 203 metres, 200 metres, 130 metres and 196 metres. Dr Bowles’ report confirms that samples from Star 020, from a depth of 279 metres to the bottom of the holes, were all derived from diatreme material with the samples taken from the upper portion of the hole exhibiting signs of extensive later carbonate alteration. The samples from both Star 015 and Star 023 have similar mineralogical signatures to that seen in Star 020, which suggests that the kimberlite found in these locations was probably derived from the same source as Star 020. The sample taken from FALC 96-2 has many similarities with those from Star 020, but its alteration is so different that it should be thought of as a different eruptive centre. The sample taken from FALC 96-5 appears to show a very different petrographic signature to the material from both Star 020 and FALC 96-2.
The results of Dr Bowles analysis suggest that Star 020 might not be the only feeder system for the Star Kimberlite and additional petrographic analysis of seven samples from Star 016 is currently underway. A supplemental drill program, designed to delineate the size and shape of the diatreme discovered in Star 020, as well as to test other possible eruptive centres, has been formulated in conjunction with Shore’s consultants, ACA Howe International Limited. In addition, it is Shore’s intention to recover a larger sample from within the diatreme that can be submitted for diamond analysis by caustic fusion.
The Star Kimberlite project covers a currently drill defined area of over 4 square kilometres where the kimberlite has a thickness in excess of 30 metres. The evaluation of alternative methods of obtaining a representative bulk sample from both the deeper portions of the kimberlite in the vicinity of Star 020, and from the entire body, to enable an estimate to be made of the likely economic value of this massive kimberlite body is nearing completion. Preliminary estimates of continuous diamond-bearing kimberlite exceed 400 million tonnes with a minimum thickness of 30 metres, as indicated by geophysical modelling and substantiated by drill holes.
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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- Star 020 Confirmed As Diatreme
Jonathan Challis, President, is very pleased to report that Shore has received a report from Mineral Science Ltd on the petrographic analysis from samples taken from drill holes Star 020, Star 015, Star 023, FALC 96-2 and FALC 96-5. Mineral Science Ltd is a UK based consulting firm, specialising in mineral analysis. Dr Bowles, the principal of the company, has extensive experience in mineral analysis (including work on kimberlites worldwide).
A total of fifteen samples were submitted for analysis, of which, eleven samples were taken from Star 020 over a depth from surface ranging from 113 metres to 617 metres. The remaining four samples were taken from Star 015, Star 023, FALC 96-2 and FALC 96-5 at respective depths of 203 metres, 200 metres, 130 metres and 196 metres. Dr Bowles’ report confirms that samples from Star 020, from a depth of 279 metres to the bottom of the holes, were all derived from diatreme material with the samples taken from the upper portion of the hole exhibiting signs of extensive later carbonate alteration. The samples from both Star 015 and Star 023 have similar mineralogical signatures to that seen in Star 020, which suggests that the kimberlite found in these locations was probably derived from the same source as Star 020. The sample taken from FALC 96-2 has many similarities with those from Star 020, but its alteration is so different that it should be thought of as a different eruptive centre. The sample taken from FALC 96-5 appears to show a very different petrographic signature to the material from both Star 020 and FALC 96-2.
The results of Dr Bowles analysis suggest that Star 020 might not be the only feeder system for the Star Kimberlite and additional petrographic analysis of seven samples from Star 016 is currently underway. A supplemental drill program, designed to delineate the size and shape of the diatreme discovered in Star 020, as well as to test other possible eruptive centres, has been formulated in conjunction with Shore’s consultants, ACA Howe International Limited. In addition, it is Shore’s intention to recover a larger sample from within the diatreme that can be submitted for diamond analysis by caustic fusion.
The Star Kimberlite project covers a currently drill defined area of over 4 square kilometres where the kimberlite has a thickness in excess of 30 metres. The evaluation of alternative methods of obtaining a representative bulk sample from both the deeper portions of the kimberlite in the vicinity of Star 020, and from the entire body, to enable an estimate to be made of the likely economic value of this massive kimberlite body is nearing completion. Preliminary estimates of continuous diamond-bearing kimberlite exceed 400 million tonnes with a minimum thickness of 30 metres, as indicated by geophysical modelling and substantiated by drill holes.
--------------------------------------------------------------------------------
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