Printer Friendly
The Free Library
14,505,983 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

BRDC/Lee Property: Initial Exploration Results.


MONTREAL -- Big Red Diamond Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:DIA) has received micro-probe results for the initial samples taken from its newly acquired Lee Property.

These initial results are very positive considering they came from four (4) small till and stream sediment samples and contained a large number of grains relative to the small size of the samples. More than a quarter of the grains, identified in the June 14, 2005 press release, came from the Lee Property and immediate area. After further lab selection, 59 were identified by SEM as promising grains and processed for microprobe microprobe /mi·cro·probe/ (mi´kro-prob?) a minute probe, as one used in microsurgery.

microprobe

a minute probe, such as one used in microsurgery.
 analysis by C.F. Minerals of Kelowna (British-Columbia).

The Company reports that it has identified grains from the full spectrum of Kimberlite kimberlite: see diamond.
kimberlite
 or blue ground

Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix.
 Indicator Minerals (or "KIMs") and it feels that the presence of such a wide suite of indicator grains bodes well for the possibility of finding the source of these grains on the Lee property. Some of the samples were taken in a fence pattern on the property's perimeter up-ice flow from the anomaly and revealed no KIMs, which would indicate that the source of these minerals is on the property.
Of note, the micro-probe identified:
12    Orthopyroxenes (4 OP5)
16    Clinopyroxenes (2 eclogitic and 1 High Pressure eclogitic)
1     G9 garnet
1     G11 garnet
5     Eclogitic garnets
1     Chromite
4     Ilmenites
1     Olivine
1     Amphibole; as well as,
17    garnets identified as either G5 or Almandines and most likely
      coming from the property or other regional sources.



In light of the promising results Big Red is now planning a systematic till sampling campaign which will include the use of an Argo-mounted Pioneer drill to obtain larger samples directly over the magnetic anomaly Magnetic Anomaly may refer to:
  • Kursk Magnetic Anomaly
  • Tycho Magnetic Anomaly
 and would possibly be able to reach the bedrock to test for the presence of kimberlitic rocks.

The vendor has staked an additional 4 claims consisting of 19 units, 6 of which are contiguous to the original Lee Property claim with the balance covering a nearby magnetic anomaly of great interest to Big Red. As agreed to in the Lee purchase agreement these additional units are part of the original transaction.

The property represents an important addition to BRDC's portfolio of high quality diamond exploration properties and is located proximal proximal /prox·i·mal/ (-mil) nearest to a point of reference, as to a center or median line or to the point of attachment or origin.

prox·i·mal
adj.
 to the recent discovery of a large kimberlite by Tres-Or Resources Ltd. and Arctic Star Diamond Corp. The Lee Property lies NNW NNW
abbr.
north-northwest

Noun 1. NNW - the compass point that is midway between north and northwest
nor'-nor'-west, north northwest
 of the new kimberlite discovery, along the Lake Timiskaming Lake Timiskaming (French: Lac Témiscamingue) is a large freshwater lake on the provincial border between Ontario and Quebec, Canada.   Structural Zone.

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 does not accept responsibility for adequacy or accuracy of this release.

Big Red Diamond Corporation (TSX VENTURE:DIA)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 19, 2005
Words:424
Previous Article:UPA Issues First Open Specifications for Coexistence in the Field of Power Line Communications; Specifications Submitted to ETSI PLT and IEEE BPL...
Next Article:Bio-Matrix Scientific to Present Plans for Roll-out of Stem Cell Bank and Instruments at the Financial Services Exchange Conference in Kansas City...



Related Articles
IT centre sets tone for North Shore high-tech base.(Elliot Lake & North Shore)(Blind River Development Corp. )
Public offering response bodes well for big red.(Mining)(Big Red Diamond Corp)
Big Red Diamond Corporation Acquisition of Property ln Lee Township, Larder Lake Mining Division, Ontario.
Big Red Diamond Corporation acquisition of property in Black Township, Larder Lake mining division, Ontario.
Big Red Diamond Corporation/Black Property: Initial Exploration Results.
Big Red Diamond Corporation/Lee Property: Completion of Ground Magnetic Survey.
Big Red Diamond Corporation: Acquisition of Diamond Exploration Property in Tolstoi Township, Ontario.
Big Red Diamond Corporation Announces the Acquisition of the Frederike Property.
Big Red Diamond Corporation Announces the Acquisition of the NordTac Property and the Hiring of Paradox Public Relations Services.
Black, Lee and Tolstoi Properties: Follow-Up Exploration.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles