Indicator Minerals Reports Diamond Results from Barrow.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- 176 Diamonds in 25.5kg Kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. Float Indicator Minerals Inc. ("IME IME Input Method Editor IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil) IME In My Experience IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) ") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IME) and its joint venture partner Hunter Exploration Group ("Hunter") announced today that 25.5kg of kimberlite float discovered on its 80% owned Barrow Project ("Barrow") in the Nunavut Territory in 2005 has yielded 176 diamonds. The 25.5kg sample was submitted to SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." Geoanalytical Laboratories ("SRC") for micro diamond analysis using caustic fusion. A total of 171 micro diamonds and five macro diamonds (defined as (greater than or equal to 0.50mm in 2 dimensions) were recovered (see table below). SRC provided descriptions for diamonds down to 0.3mm. The majority were described as clear and colourless colourless or US colorless Adjective 1. without colour: a colourless gas 2. dull and uninteresting: a colourless personality 3. and were dominated by octahedral oc·ta·he·dral adj. Having eight plane surfaces. oc  ta·he dral·ly adv. crystal form (see attached photograph or visit our website
at www.indicatorminerals.com). The three largest diamonds measure as
follows: 1.00mm x 0.50mm x 0.40mm, 0.84mm x 0.70mm x 0.38mm and 0.78mm
x 0.58mm x 0.50 mm.
-------------------------------------------------------------------- Sample UPR6401DK 0.075 0.106 0.150 0.212 0.300 0.425 0.600 25.5kg mm mm mm mm mm mm mm Total -------------------------------------------------------------------- Diamonds(i) 71 45 19 16 18 6 1 176 -------------------------------------------------------------------- (i) As reported by Saskatchewan Research Council The kimberlite float was discovered on the Barrow Project during the 2005 field season while following up high priority airborne geophysical targets and is part of the same occurrence from which a macro-diamond was recovered during the extraction of indicator minerals (see IME news release dated 27 September, 2005). IME is confident that the kimberlite float originated on its property; however, this cannot be definitively established without drilling. "These results are outstanding," commented Bruce Counts, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IME. "They confirm our belief that the Franklin Diamond District in Nunavut is highly prospective for economic deposits." Barrow is one of IME's key projects and is comprised of approximately 110,000 acres of mineral claims located 15km south of the tide water water affected by the flow of the tide; hence, broadly, the seaboard. See also: Tide community of Kugaaruk in the Kitikmeot Region of Nunavut. Kimberlite indicator minerals with diamond inclusion chemistry have been recovered in till samples on the property and the interpretation of airborne geophysical data has identified high priority targets up-ice from these minerals. Plans for 2006 include an early heavy mineral sampling, prospecting and ground geophysical program with drilling proposed late in the field season if supported by results from the prior work. Bruce Counts, P.Geoph., the President and CEO of IME and a qualified person for the purposes of National Instrument 43-101, has prepared or supervised the preparation of scientific or technical information contained in this press release. Indicator Minerals Inc. is a Canadian exploration company focused on the discovery of economic diamond deposits. Founded in 2004, the company has assembled one of the most qualified technical teams in worldwide diamond exploration. Indicator has three key projects: Darby and Barrow in the Franklin District
The Franklin District is a municipality to the south of Auckland in the North Island of New Zealand. of Nunavut and Lokgwabe in Botswana. Two of the projects, Lokgwabe and Darby have been advanced to the drill ready stage. On behalf of the Board INDICATOR MINERALS INC. Bruce Counts, P.Geoph., President Photo of Diamonds Recovered from Kimberlite Float Barrow Project, Nunavut Territory To view the attached photo, please click on the following link: http://www.ccnmatthews.com/docs/diamonds.jpg 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. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Indicator Minerals Inc. (TSX VENTURE:IME) |
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