Dia Met Minerals Ltd: Exploration Update, Lynx Diamond Parcel Valued At US$139 Per Carat.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 8, 2001 Dia Met Minerals Ltd. (AMEX AMEX See: American Stock Exchange :DMM See multimeter. DMM - Digital Multimeter .A)(AMEX:DMM.B)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DMM.A.)(TSE:DMM.B.) today announced the following update on recent exploration results from the Buffer Zone buffer zone n. A neutral area between hostile or belligerent forces that serves to prevent conflict. Noun 1. buffer zone of the Ekati(TM) Diamond Mine in the Northwest Territories. The results of the exploration bulk sample from the 2000 winter program for the Lynx pipe was previously reported (Nov. 21, 2000) as follows:
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Pipe Kimberlite Total Average Grade
Sampled Carats Carats/Tonne
(dry tonnes) Recovered
(plus 1mm)
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Lynx 168.5 140.74 0.83
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Diamond valuation was completed on the Lynx diamond parcel in late December 2000. The average value reported by three Antwerp-based diamond dealers for the Lynx parcel (140.6 carats) is US$139 per carat. The Lynx pipe (approximately 0.6 hectares) is located in the Buffer Zone approximately 3 km southwest of the Misery pit. A bulk sampling program at Lynx is planned for early 2001. Approximately 150 tonnes of kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. will be sampled using reverse circulation drilling (13 3/4" diameter holes). The samples will be processed on site during early summer. Dia Met Minerals Ltd. is a publicly traded mineral exploration and development company with a primary focus on diamonds. The company owns a 29 per cent interest in the Core Zone and 7.8 per cent interest in the Buffer Zone joint ventures of the Ekati(TM) Diamond Mine, Canada's first and only diamond mine. BHP Diamonds Inc. is the operator of the mine. In addition to the investment in the Ekati(TM) Diamond Mine, Dia Met continues to carry out a global diamond exploration program. The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. have neither approved nor disapproved the information contained in this release. |
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