JOINT PRESS RELEASE -- LYTTON MINERALS AND NEW INDIGO RESOURCES.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 3, 1995--Lytton Minerals Limited (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , VSE See DOS/VSE. VSE - Virtual Storage Extended : LTL LTL - Linear Temporal Logic Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : NDR NDR Norddeutscher Rundfunk NDR non-delivery report (email) NDR Network Data Representation NDR National Driver Register NDR Non-Delivery Receipt (email) NDR Negative Differential Resistance ) and New Indigo Resources Inc. are pleased to release a further progress report on work so far completed on the JD/OD-1 kimberlite pipe, the first of two diamondiferous kimberlite pipes recently discovered on the JD/OD claim blocks. The JD/OD claim blocks are a component of Lytton's and New Indigo's jointly-held 9 million acre property in the Northwest Territories of Canada. Caustic dissolution of the core from the original discovery hole JD-014 from the JD/OD-1 pipe has yielded the following results: -0- DISCOVERY WEIGHT MACROS MICROS TOTAL MACROS TOTAL HOLE (kg) DIAMONDS per DIAMONDS JD-014 10kg per 10 kg _____________________________________________________________ Released Previously: 59.25 14 69 83 2.36 14.01 Additional Processing: 159.32 81 489 570 5.08 35.78 _____________________________________________________________ Totals 218.57 95 558 653 4.35 29.88 _____________________________________________________________ The quality of the stones has remained consistently high, with more than 80% described as clear and of gem quality. A total of seven delineation holes have been drilled into the kimberlite pipe to date. Drill core from these holes is being logged and prepared for processing, and these results will also be released when available. As a consequence of the favourable results obtained to date from the analysis of this pipe, a 400 tonne bulk sample of the pipe is now being planned for the summer months. It is expected that this bulk sample can be carried out in a relatively economical fashion due to the location of the pipe and the fact that it is entirely land-based. Drill testing of additional kimberlite targets within the same pipe cluster will continue. In addition, five new mineral dispersion trains have recently been defined revealing the presence of what is believed to be a separate pipe cluster a short distance away. Microprobe microprobe /mi·cro·probe/ (mi´kro-prob?) a minute probe, as one used in microsurgery. microprobe a minute probe, such as one used in microsurgery. analysis of these new trains strongly suggests that their sources are diamondiferous, and they will be drill tested as soon as time allows. -0- Note: The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). and The Alberta Stock Exchange neither approve nor disapprove of the information contained herein. CONTACT: Lytton Minerals Limited, Vancouver Desmond C.B. Alexander, 604/689-7401 or New Indigo Resources Inc. David E. Whittle, 604/682-0536 INDUSTRY KEYWORD: MINING REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion