Post by Franko10 ™ on Sept 30, 2004 14:15:35 GMT -5
Shore Gold Inc. - Star Diamond Project: 1,590 carats to date
13:22 EDT Thursday, September 30, 2004
12.8, 8.3 and 4.5 carat diamonds in 196 carat parcel
Stock Symbol: SGF: TSX-VEN
SASKATOON, SK, Sept. 30 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce the seventh set of diamond recoveries from the Star Kimberlite. The diamond recoveries to date total 1,589.7 carats from 13,129 dry tonnes processed. These results are for four kimberlite batches of a total of some 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star Diamond Project, the aim of which is to recover a parcel of some 3,000 carats for valuation purposes. A total of 1,297 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 194.65 carats, has been recovered from the treatment of 1005.56 dry tonnes of kimberlite. Thirty-three diamonds greater than one carat have been recovered and the four largest stones are: 12.84, 8.33, 4.05 and 2.91 carats, respectively. In addition, 152 diamonds (1.82 carats) were recovered down to 0.85 millimetre square mesh. The colour of 73 percent of these diamonds has been classified as white, with a further 15 percent classified as off-white.
These four kimberlite batches (of a total of 37 processed) have been mined from the Southeast drive (Batches 26, 27 and 28) and the North drive (Batch 29) developed from the 235 metre shaft station. All of these kimberlite batches have been recovered from within the Early Joli Fou equivalent kimberlite. Results to date have shown that higher diamond grades are associated with the Early Joli Fou equivalent kimberlite than with the Late Joli Fou equivalent kimberlite. The relationships between these two kimberlite types are illustrated in cross sections available on the Shore Gold website: www.shoregold.com.
Batches 30, 31, 32, 33, 34, 35A, 35B, 36 and 12A (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. Results from these batches are pending. A total of 14,974 dry tonnes has been processed through the on-site DMS plant. All batches processed to date are classified as crater facies volcaniclastic kimberlites.
Kimberlite processed and diamond results for four sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).
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Diamonds Largest
Batch Location Dry Number of Total Grade Stone
No. (metres below surface) Tonnes Stones (carats) (cpht) (carats)
-------------------------------------------------------------------------
26 235 m Level: SE drive 184.04 319 60.82 33.05 12.84
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27 235 m Level: SE drive 292.38 330 41.52 14.20 2.86
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28 235 m Level: SE drive 297.51 493 60.21 20.24 2.91
-------------------------------------------------------------------------
29 235 m Level: N drive 231.63 307 34.31 14.81 2.63
-------------------------------------------------------------------------
Total 1,005.56 1,449 196.86 19.58
-------------------------------------------------------------------------
The four largest stones are: 12.84 (Batch 26, Off White), 8.33 (Batch 26,
Grey), 4.05 (Batch 26, White) and 2.91 (Batch 28, Off White) carats,
respectively. Ten diamonds exceed two carats and 33 diamonds exceed one carat,
of which 17 are white, 9 are off-white, 6 are grey and 1 is yellow. A total of
66 diamonds exceed 0.5 carat. Seventy-three percent of the total diamond
parcel is classified white in colour, with a further 15 percent classified as
off-white. The diamond parcel includes 3 pink, 6 yellow and 4 amber stones.
Kimberlite Batch No. 28 has produced the largest pink diamond recovered to
date (0.72 carats). Ninety-nine percent of the carat weight of this parcel
occurs in diamonds greater than 1.18 millimetre square mesh.
Senior Vice President Exploration, George Read, states: "We have now
explored the 235 metre level with over 800 metres of underground lateral
development and we are rapidly approaching our bulk sample target of 25,000
tonnes of kimberlite. The results of this news release continue to show that
large diamonds are found throughout the underground development, particularly
in the Early Joli Fou equivalent kimberlite. Results to date show that the
overall average grade for the Early Joli Fou kimberlite has increased to
16.27 cpht (1,395 carats recovered from 8,576 tonnes)".
The diamond recovery procedure includes on site processing of kimberlite
through the modular dense media separator (DMS), after which DMS concentrates
are batch fed through an X-ray Flow-sort. In order to ensure the recovery of
low luminosity diamonds, the Flow-sort tailings are processed over a grease
table. Flow-sort and grease table concentrates are transported by a secure
carrier to SGS Lakefield Research for final diamond recovery. The SGS
Lakefield Research process includes drying, screening, magnetic separation,
manual sorting and diamond weighing and description. SGS Lakefield Research is
accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as
a testing laboratory for specific tests.
Senior Vice President Exploration, George Read, Professional Geoscientist
in the Provinces of Saskatchewan and British Columbia, is the Qualified Person
responsible for the verification and quality assurance of analytical results.
The Star Diamond Project is designed to recover a parcel of at least
3,000 carats of diamonds to enable an accurate valuation of the stones. Up to
25,000 tonnes of kimberlite will be recovered from the shaft and drifts and
processed on site to produce this diamond parcel. 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".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
/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/
13:22 EDT Thursday, September 30, 2004
12.8, 8.3 and 4.5 carat diamonds in 196 carat parcel
Stock Symbol: SGF: TSX-VEN
SASKATOON, SK, Sept. 30 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce the seventh set of diamond recoveries from the Star Kimberlite. The diamond recoveries to date total 1,589.7 carats from 13,129 dry tonnes processed. These results are for four kimberlite batches of a total of some 80 to 100 kimberlite batches that will be processed as part of the bulk sampling program on the Star Diamond Project, the aim of which is to recover a parcel of some 3,000 carats for valuation purposes. A total of 1,297 commercial sized diamonds (greater than 1.18 millimetre square mesh screen), collectively weighing 194.65 carats, has been recovered from the treatment of 1005.56 dry tonnes of kimberlite. Thirty-three diamonds greater than one carat have been recovered and the four largest stones are: 12.84, 8.33, 4.05 and 2.91 carats, respectively. In addition, 152 diamonds (1.82 carats) were recovered down to 0.85 millimetre square mesh. The colour of 73 percent of these diamonds has been classified as white, with a further 15 percent classified as off-white.
These four kimberlite batches (of a total of 37 processed) have been mined from the Southeast drive (Batches 26, 27 and 28) and the North drive (Batch 29) developed from the 235 metre shaft station. All of these kimberlite batches have been recovered from within the Early Joli Fou equivalent kimberlite. Results to date have shown that higher diamond grades are associated with the Early Joli Fou equivalent kimberlite than with the Late Joli Fou equivalent kimberlite. The relationships between these two kimberlite types are illustrated in cross sections available on the Shore Gold website: www.shoregold.com.
Batches 30, 31, 32, 33, 34, 35A, 35B, 36 and 12A (all from 235 metre level) have been processed on-site and the concentrates dispatched to the sorting laboratory for final diamond recovery. Results from these batches are pending. A total of 14,974 dry tonnes has been processed through the on-site DMS plant. All batches processed to date are classified as crater facies volcaniclastic kimberlites.
Kimberlite processed and diamond results for four sample batches are listed in the table below. Grades are expressed in carats per hundred tonnes (cpht).
-------------------------------------------------------------------------
Diamonds Largest
Batch Location Dry Number of Total Grade Stone
No. (metres below surface) Tonnes Stones (carats) (cpht) (carats)
-------------------------------------------------------------------------
26 235 m Level: SE drive 184.04 319 60.82 33.05 12.84
-------------------------------------------------------------------------
27 235 m Level: SE drive 292.38 330 41.52 14.20 2.86
-------------------------------------------------------------------------
28 235 m Level: SE drive 297.51 493 60.21 20.24 2.91
-------------------------------------------------------------------------
29 235 m Level: N drive 231.63 307 34.31 14.81 2.63
-------------------------------------------------------------------------
Total 1,005.56 1,449 196.86 19.58
-------------------------------------------------------------------------
The four largest stones are: 12.84 (Batch 26, Off White), 8.33 (Batch 26,
Grey), 4.05 (Batch 26, White) and 2.91 (Batch 28, Off White) carats,
respectively. Ten diamonds exceed two carats and 33 diamonds exceed one carat,
of which 17 are white, 9 are off-white, 6 are grey and 1 is yellow. A total of
66 diamonds exceed 0.5 carat. Seventy-three percent of the total diamond
parcel is classified white in colour, with a further 15 percent classified as
off-white. The diamond parcel includes 3 pink, 6 yellow and 4 amber stones.
Kimberlite Batch No. 28 has produced the largest pink diamond recovered to
date (0.72 carats). Ninety-nine percent of the carat weight of this parcel
occurs in diamonds greater than 1.18 millimetre square mesh.
Senior Vice President Exploration, George Read, states: "We have now
explored the 235 metre level with over 800 metres of underground lateral
development and we are rapidly approaching our bulk sample target of 25,000
tonnes of kimberlite. The results of this news release continue to show that
large diamonds are found throughout the underground development, particularly
in the Early Joli Fou equivalent kimberlite. Results to date show that the
overall average grade for the Early Joli Fou kimberlite has increased to
16.27 cpht (1,395 carats recovered from 8,576 tonnes)".
The diamond recovery procedure includes on site processing of kimberlite
through the modular dense media separator (DMS), after which DMS concentrates
are batch fed through an X-ray Flow-sort. In order to ensure the recovery of
low luminosity diamonds, the Flow-sort tailings are processed over a grease
table. Flow-sort and grease table concentrates are transported by a secure
carrier to SGS Lakefield Research for final diamond recovery. The SGS
Lakefield Research process includes drying, screening, magnetic separation,
manual sorting and diamond weighing and description. SGS Lakefield Research is
accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as
a testing laboratory for specific tests.
Senior Vice President Exploration, George Read, Professional Geoscientist
in the Provinces of Saskatchewan and British Columbia, is the Qualified Person
responsible for the verification and quality assurance of analytical results.
The Star Diamond Project is designed to recover a parcel of at least
3,000 carats of diamonds to enable an accurate valuation of the stones. Up to
25,000 tonnes of kimberlite will be recovered from the shaft and drifts and
processed on site to produce this diamond parcel. 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".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release"
/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/