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Post by Franko10 ™ on Sept 1, 2005 14:18:30 GMT -5
Star prefeasibility update
10:58 EDT Thursday, September 01, 2005
SASKATOON, Sept. 1 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce that over 10,000 metres of core drilling has been completed in 45 holes since the start of the prefeasibility study drilling in early July. The objective of this grid drilling program is to define the volume and internal structure of the Star kimberlite in three dimensions. Core drilling commenced on the southern part of the Star Kimberlite and has progressed east with the aim of delineating the southern and eastern boundaries of the kimberlite. Detailed on-site logging of the core shows that Early Joli Fou (EJF) kimberlite dominates the kimberlite intersections with 78% of the PQ core comprising EJF kimberlite. This core drilling program is scheduled to include 105 holes and a total of about 21,000 metres of drilling.
Encore Coring and Drilling Inc. of Calgary presently has three drill rigs and crews on site, with two rigs drilling PQ (75 millimetre) core on a 100 metre grid over the central part of Star and on a 200 metre grid around the periphery of the kimberlite. Presently the third rig is removing casing and inserting PVC liners in preparation for downhole geophysical logging and surveying. In early September the third rig will commence drilling on regional exploration targets that were defined from last year's GeoTEM survey.
All kimberlite is logged in detail on-site: this logging includes the preparation of detailed digital core logs, geotechnical logging and the collection of samples for ore-dressing studies, which will assist in the definition of the processing plant flowsheet. Quantitative geological logging, according to the same criteria currently in use on the PQ core, has been completed on all 40 historical NQ core holes on the Star kimberlite. Geological logging of the BQ core from underground drilling and PQ surface core is ongoing. Five major kimberlite eruptive types have been defined: Cantuar, Pense, Early Joli Fou, Mid Joli Fou (MJF) and Late Joli Fou (LJF). The kimberlite intersected in all the core drilling on Star is dominated by EJF kimberlite with coarse EJF breccia units intersected up to 800 metres away from shaft.
Gyrodata Services Canada Inc. of Calgary has completed downhole surveys to determine the exact positions of these holes in three dimensions. DGI Geoscience Inc. of Toronto (DGI) has commenced geophysical logging of the PQ core holes. The geophysical data generated by DGI will greatly assist the three dimensional modeling of the Star Kimberlite.
Senior Vice President Exploration, George Read, states: "The prefeasibility study core drilling is proceeding ahead of schedule. Initial results suggest an EJF and Pense kimberlite extension to the southeast of the Star kimberlite. The core drilling program will provide Shore geologists with a well constrained three dimensional model of the Star Kimberlite. This model will control the collection of mini-bulk samples from the large diameter drilling (LDD) program. The first Bauer BG36 rig, which will be used for the LDD program, has cleared Canadian Customs and is enroute to site. The LDD program is on-track to commence in early September. The manufacture of the second BG36 rig is complete and the rig is in the final stages of testing prior to shipment to Canada. The second LDD rig is scheduled to commence drilling in early October 2005."
The prefeasibility study on Star, with a budget of approximately $44 million, is now the largest work program outlined for any of the Fort a la Corne kimberlites. The aim of the prefeasibility study is to define a National Instrument 43-101 compliant mineral reserve for the Star Kimberlite. 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. Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Exchange under the trading symbol "SGF".
For further information: Kenneth E. MacNeill, President & C.E.O. or George H. Read, P. Geo., Vice President, Exploration at (306) 664-2202
10:58 EDT Thursday, September 01, 2005
SASKATOON, Sept. 1 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration, is pleased to announce that over 10,000 metres of core drilling has been completed in 45 holes since the start of the prefeasibility study drilling in early July. The objective of this grid drilling program is to define the volume and internal structure of the Star kimberlite in three dimensions. Core drilling commenced on the southern part of the Star Kimberlite and has progressed east with the aim of delineating the southern and eastern boundaries of the kimberlite. Detailed on-site logging of the core shows that Early Joli Fou (EJF) kimberlite dominates the kimberlite intersections with 78% of the PQ core comprising EJF kimberlite. This core drilling program is scheduled to include 105 holes and a total of about 21,000 metres of drilling.
Encore Coring and Drilling Inc. of Calgary presently has three drill rigs and crews on site, with two rigs drilling PQ (75 millimetre) core on a 100 metre grid over the central part of Star and on a 200 metre grid around the periphery of the kimberlite. Presently the third rig is removing casing and inserting PVC liners in preparation for downhole geophysical logging and surveying. In early September the third rig will commence drilling on regional exploration targets that were defined from last year's GeoTEM survey.
All kimberlite is logged in detail on-site: this logging includes the preparation of detailed digital core logs, geotechnical logging and the collection of samples for ore-dressing studies, which will assist in the definition of the processing plant flowsheet. Quantitative geological logging, according to the same criteria currently in use on the PQ core, has been completed on all 40 historical NQ core holes on the Star kimberlite. Geological logging of the BQ core from underground drilling and PQ surface core is ongoing. Five major kimberlite eruptive types have been defined: Cantuar, Pense, Early Joli Fou, Mid Joli Fou (MJF) and Late Joli Fou (LJF). The kimberlite intersected in all the core drilling on Star is dominated by EJF kimberlite with coarse EJF breccia units intersected up to 800 metres away from shaft.
Gyrodata Services Canada Inc. of Calgary has completed downhole surveys to determine the exact positions of these holes in three dimensions. DGI Geoscience Inc. of Toronto (DGI) has commenced geophysical logging of the PQ core holes. The geophysical data generated by DGI will greatly assist the three dimensional modeling of the Star Kimberlite.
Senior Vice President Exploration, George Read, states: "The prefeasibility study core drilling is proceeding ahead of schedule. Initial results suggest an EJF and Pense kimberlite extension to the southeast of the Star kimberlite. The core drilling program will provide Shore geologists with a well constrained three dimensional model of the Star Kimberlite. This model will control the collection of mini-bulk samples from the large diameter drilling (LDD) program. The first Bauer BG36 rig, which will be used for the LDD program, has cleared Canadian Customs and is enroute to site. The LDD program is on-track to commence in early September. The manufacture of the second BG36 rig is complete and the rig is in the final stages of testing prior to shipment to Canada. The second LDD rig is scheduled to commence drilling in early October 2005."
The prefeasibility study on Star, with a budget of approximately $44 million, is now the largest work program outlined for any of the Fort a la Corne kimberlites. The aim of the prefeasibility study is to define a National Instrument 43-101 compliant mineral reserve for the Star Kimberlite. 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. Shore is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Exchange under the trading symbol "SGF".
For further information: Kenneth E. MacNeill, President & C.E.O. or George H. Read, P. Geo., Vice President, Exploration at (306) 664-2202
