Blackwater Lake: High Priority Geophysical Anomalies; New: Baffin Project, Indicator Minerals.OTTAWA -- The following is an update of some of Patrician's (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PXC PXC Photonic Cross-Connect (Nortel) PXC Premium Noise-Cancelling (headphones) PXC Pacific Xtreme Combat PXC Pirate Core (music genre) PXC Pdf Exchange ) active projects in northern Canada Northern Canada is the vast northernmost region of Canada variously defined by geography and politics. Definitions and usage Also referred to as the Canadian North or (locally) as the North : Blackwater Lake, NWT NWT or N.W.T. abbr. Northwest Territories NWT Northwest Territories (of Canada) A total of 81 anomalies, both magnetic highs and lows, have been selected from the recently acquired geophysical data set for Blackwater. A number of the anomalies are well-isolated targets, which have been assigned a high priority. It is planned that these will be investigated on the ground in August and that the best targets will be test-drilled. The high-resolution magnetic survey, flown in May, covered the assumed head area of the numerous indicator mineral dispersion trains identified on the property. The trains are characterized by elevated indicator counts in basal till. A significant portion of the garnets retain fragile surface textures suggesting close proximity of source. The helicopter-borne survey, totaling 1,315 line km, used state-of-the-art MIDAS Midas (mī`dəs), in Greek mythology, king of Phrygia. Because he befriended Silenus, the oldest of the satyrs, Dionysus granted him the power to turn everything into gold by touch. gradiometer technology. It was conducted on N-S N-S North-South N-S Nassi-Shneidermann (diagram) N-S Special Assignment, NACO staff trending lines spaced every 100 m. Nominal terrain clearance was of 20 m above ground. The magnetic background proved to be very subdued due to the thick sedimentary cover, the range of magnetic amplitude across the survey area being of only 30 nt. NEW: Baffin Island, Nunavut A number of indicator minerals (pyrope py·rope n. A deep red garnet, Mg3Al2Si3O12, used as a gem. [Middle English pirope, from Old French, from Latin garnets, chrome diopsides, olivines and possible chromites) were recovered from small subsets of 26 kg samples collected from two occurrences of kimberlitic rocks, which were identified on the ground staked by Patrician this May on Baffin Island. No diamonds were reported, but the samples are deemed small and they could represent only one phase of multi-phased bodies, as much of the area was covered by snow at the time. The company is still awaiting confirmation of the claims from the relevant authorities. The kimberlitic bodies, which are partially exposed at surface, were located by a Patrician geologist during the course of the staking campaign. The distribution and size of the outcrops, which range up to 20 m, suggests the bodies are pipes or blows. Additional work is planned on these occurrences as part of a larger prospecting, mapping, ground magnetometry and alluvial sampling campaign to be carried out in the near future on this exciting prospect which is located in the heart of the Eastern Arctic diamond play. Jacques Letendre, Professional Geologist, is responsible for the conduct and design of the company's exploration programs, as well as for the quality assurance of analytical results and their verification. For maps and additional information about property location and technical details, please visit Patrician's web site at www.patriciandiamonds.com 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 the adequacy or accuracy of this release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion