Archangel reports 1,229 diamonds from a magnetic anomaly on the Windy Ridge property.VANCOUVER B.C.--(BUSINESS WIRE)--March 20, 1995--The Company is pleased to report the partial results of thermo-chemical analysis of material recovered from Hole 21, drilled on Magnetic Anomaly Magnetic Anomaly may refer to:
An 8.1 metre intersection (seven kgs) between 26.9 and 35 metres has reported 506 diamonds, all less than one mm in size, and the 9.0 metre intersection (11 kgs) between 35 and 44 metres reported 723 diamonds of a similar size. The diamonds are typical of the stones recovered to date from the Zapadnya Area, being mainly fragments of dodecahedrons. They are very good quality, clear and transparent. The two intersections represent 70 and 65 diamonds per kilogram kilogram, abbr. kg, fundamental unit of mass in the metric system, defined as the mass of the International Prototype Kilogram, a platinum-iridium cylinder kept at Sèvres, France, near Paris. respectively, significantly more concentrated than the highly anomalous 6.7 and 11.5 diamonds per kilogram (452 diamonds in total) reported from the previously drilled Hole 129. The diamonds were hosted in a clean, fine to medium grained sand resting on a 0.2 metre thick pebbly peb·ble n. 1. A small stone, especially one worn smooth by erosion. 2. a. Clear colorless quartz; rock crystal. b. A lens made of such quartz. 3. sand which is possibly part of the weathered granitic bedrock. Chrome diopsides and chrome spinels have also been recovered from the material. The magnetic anomaly on which Hole 21 was drilled is located 6,500 metres north-west of Hole 129 and covers an area of approximately 6 ha. Magnetic susceptibility Magnetic susceptibility The magnetization of a material per unit applied field. It describes the magnetic response of a substance to an applied magnetic field. readings earlier suggested that the 15 nT anomaly was possibly related to an amphibolite amphibolite Igneous or metamorphic rock composed largely or dominantly of amphibole minerals. For igneous rocks, the term hornblendite is usually used and is more restrictive; hornblende is the most common amphibole. located at the base of the hole. However, in the light of this result, it is the Company's intention to redrill this anomaly as soon as possible. Further results of the current 1,200 metre drilling program, designed to locate the kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. source of the diamonds, will be announced as soon as they become available. The Company has a 50% joint venture interest in the Windy Ridge Property. On the Company's other Russian diamond project, the 40% owned Verkhotina Property, preliminary results from the bulk sampling of three diamondiferous kimberlites are expected shortly. The Company also wishes to announce that, subject to regulatory approval, it has granted incentive stock options to certain employees entitling them to purchase an aggregate of 110,000 shares of the Company at an exercise price of $2.00 per share for a period of two years. ON BEHALF OF THE BOARD Mark Godsy Director The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Bill Trenaman, Corporate Development 604/687-4452 604/685-9317 (Vancouver Office) or Andrew F. de. P Malim, Executive Director 44-71-591-0509 44-71-591-0511, London Office INDUSTRY KEYWORD: MINING REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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