Canabrava Diamond Corp. and Majescor Resources Inc.: Positive Exploration Results Mistassini Project, Otish Mountains, Quebec.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 11, 2002 Canabrava Diamond Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) ) and Majescor Resources Inc. (CDNX:MAJ) are pleased to report the successful completion of the airborne geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. and the receipt of high-interest kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. indicator mineral results on their Mistassini Project located in the Otish Mountain region of Quebec. The 7,370 line-kilometre airborne geophysical survey announced on December 19, 2001 was successfully completed in January, and processing and interpretation of the dataset will be completed before month-end. The survey covered the majority of the Project area and was designed to assist in defining drill targets at the head of each of the distinctive dispersion trains of kimberlitic indicator minerals previously identified. Drilling will commence with target definition. The recently received Mistassini Project mineral chemistry results are highly encouraging. Over 500 individual kimberlite indicator mineral grains have been analysed to date. The suite is dominated by ilmenite ilmenite (ĭl`mĕnīt), black mineral, iron titanium oxide, FeTiO3, crystallizing in the hexagonal system. It is sometimes found as tabular hexagonal crystals but occurs more commonly as small grains in igneous and metamorphic , with pyrope py·rope n. A deep red garnet, Mg3Al2Si3O12, used as a gem. [Middle English pirope, from Old French, from Latin garnet and chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. being well represented. Rare recoveries of mantle-derived olivine olivine (ŏlĭv`ēn), an iron-magnesium silicate mineral, (Mg,Fe)2SiO4, crystallizing in the orthorhombic system. are also reported. Of particular significance is the presence of a number of good quality G10 garnets, as well as diamond inclusion chromites (up to 64.2 wt.% Cr2O3). The recovery of perovskite-mantled ilmenite also suggests a proximal kimberlite source. These results, together with the presence of macro diamonds in the nearby Beaver Lake kimberlite, confirm the diamond potential of the area. The Mistassini indicator mineral chemistry and assemblage confirms derivation from a distinct and local kimberlite cluster. Canabrava can earn a 50% interest in the Mistassini Project by incurring $1,350,000 in exploration expenditures before December 2004. The Project totals 1,216 sq. km of approved claims with an additional 494 sq. km still pending approval with the Ministry of Natural Resources Quebec. The area has been subject to intense staking activity by numerous exploration companies over the past few months as a result of the announcement by the Ashton/Soquem joint venture of promising diamond results from the nearby Renard I and II pipes. Canabrava is actively exploring for diamonds in Canada & Brazil. The Company is 42.6% owned by Southwestern Resources Corp. (SWG-T). Majescor is an exploration company with the largest diamond portfolio in Quebec and is the operator of the Mistassini Project. |
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