Black, Lee and Tolstoi Properties: Follow-Up Exploration.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) In light of the promising results Big Red obtained from its first exploratory phase on the Black, Lee and Tolstoi properties, it is now planning a systematic till sampling campaign which will include the use of an Argo-mounted Pioneer drill to obtain larger samples at bedrock to test for the presence of kimberlitic rocks. As a result of the interpretation of geophysical surveys of the three properties as well as the excellent selected till sample results obtained previously and announced in late August, 2005, the company is proposing to auger-drill three (3) fence pattern lines each with between 5 to 10 holes per line down-ice flow from and over the geophysical anomalies found on the properties.This is to test the dispersion pattern The distribution of a series of rounds fired from one weapon or a group of weapons under conditions as nearly identical as possible; the points of burst or impact being dispersed about a point called the mean point of impact. of the KIMs and DIMs found to date on each property, as well as to try to locate additional minerals and possibly some kimberlitic material. Depending on the quality of the material found Big Red might also use the Pioneer Drill for selected limited diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral purposes on any kimberlitic rock it might find on site as well as test the bedrock.The Company will also sink some holes up-ice of the anomalies to show cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, . Including mineral processing mineral processing or ore dressing Mechanical treatment of crude ores to separate the valuable minerals. Mineral processing was at first applied only to ores of precious metals but later came to be used to recover other metals and nonmetallic minerals. , visual identification and SEM micro-probing the total cost of this campaign should be under $100,000. Previously on Lee, the following minerals had been identified: - Twelve (12) orthopyroxenes; - Sixteen (16) clinopyroxenes (two eclogitic and one high-pressure eclogitic); - one (1) G11 garnet; - one (1) G11 garnet; - five (5) eclogitic garnets - one (1) chromite; - four (4) ilmenites; - one (1) olivine; - one (1) amphibole; and, - seventeen (17) garnets identified as either G5 or almandines and most likely coming from the property or other regional source. (see BRDC press release, July 19, 2005) The LEE property is located proximal to the recent discovery of a large kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. by Tres-Or Resources Ltd. and Arctic Star Diamond Corp. currently being diamond drilled.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 Lake Temiskaming area is now a very active diamond exploration camp with the work being done by Contact Diamond, Temex Resources, Tres-Or and Arctic Star Diamonds and other companies. Michael P. Gross, acting chairman of Big Red Diamond is a Qualified Person under National Instrument 43-101, has verified that the work carried out by 6398651 Canada Inc, is being carried out in a professional and diligent manner and that the appropriate quality controls are in place.Michael P Gross has reviewed this press release after it was prepared by Big Red's management. The Company would also like to announce that it has retained MinJay Holdings Ltd. of Kitchener, ON, as a corporate finance consultant, to help it structure future financings both for exploration and working capital purposes.Over the past 5 years, MinJay Holdings Ltd. has been retained by several other mining exploration companies that have subsequently raised more than $15,000,000 for mining exploration.MinJay Holdings Ltd. has agreed to work for Big Red Diamond for a nominal monthly retainer A contract between attorney and client specifying the nature of the services to be rendered and the cost of the services. Retainer also denotes the fee that the client pays when employing an attorney to act on her behalf. as well as being granted three hundred thousand (300,000) options to purchase common shares at a price of $0.12 per share. This option is good for a period of five (5) years or until the mandate is ended. 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 adequa cy or accuracy of this release. Big Red Diamond Corporation (TSX VENTURE:DIA) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion