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Contact Mines expands program.


Sudbury Sudbury, city, Canada
Sudbury, city (1991 pop. 92,884), central Ont., Canada. It is the center of Canada's largest mining region, which produces much of the world's nickel and large quantities of copper, platinum, gold, silver, cobalt, and sulfur.
 Contact Mines Ltd. intends to expand its Cobalt diamond exploration program in Canada with a $5.3 million investment.

The company plans to use $4 million toward an airborne airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air.
airborne,
adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g.
 geophysical ge·o·phys·ics  
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology.
 and land survey on its 100 per cent-owned 65,000-plus hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres.  property known as the Timiskaming Diamond Project.

The company has three diamond-bearing kimberlites west of Cobalt and discovered two others while conducting a mini-bulk sampling.

A dozen high priority targets remain to be drilled in the Klock Property area located near the new discoveries.

The company has also entered into a letter of agreement with Trigon Exploration Canada Ltd. to earn up to 60 per cent interest in Trigonis IC/LO property in the Kugaaruk/Repulse Bay region of Nunavut.
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Title Annotation:In Brief
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CANA
Date:Sep 1, 2004
Words:122
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