Shear Recovers Macro Diamonds at Churchill.EDMONTON, Alberta -- Second kimberlite outcrop and additional kimberlite boulders discovered Shear Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ), Stornoway Diamond Corporation. (TSX:SWY) and BHP Billiton Diamonds Inc. (BHP Billiton) today announced that four diamonds larger than 500 microns in one dimension have been recovered from a 76.45 kg kimberlite sample from the Churchill Diamond Project. In addition, recent prospecting has discovered a new kimberlite outcrop and six kimberlite float occurrences on the property. Diamond Update Nine diamonds including four larger than 500 microns in one dimension have been recovered from kimberlite KD209 which is situated 5 km north of the Josephine River Corridor. Two of the diamonds recovered are classified as macro diamonds. Both the Josephine and Sedna Corridors are the focus of this year's drilling campaign at Churchill and show favourable G10 mineral chemistry. KD209 is 14 km from tidewater and under 10m to 15m of overburden. A -60 degree-drill hole tested a 125m x 100m magnetic low anomaly and 34.2m of hypabyssal hyp·a·bys·sal adj. Geology Solidifying chiefly as a minor intrusion, especially as a dike or sill, before reaching the earth's surface. Used of rocks. hyp kimberlite was intersected characterized 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 and olivine macrocrysts up to 2cm in size and possible eclogitic garnets and xenoliths. Samples were submitted for micro diamond analysis using caustic fusion to the ISO/IEC ISO/IEC International Organization for Standardization/International Electrotechnical Commission (ITU-T M 3000) 17025 accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Saskatchewan Research Council The Saskatchewan Research Council is a Saskatchewan, Canada technology corporation, owned by the province. It provides contract research, technology transfer and analytical services to companies in Saskatchewan and around the world. Geoanalytical Laboratories ("SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." "). Diamonds were recovered as follows: ---------------------------------------------------------------------- -- Drill Hole Sample 0.106mm 0.15mm 0.212mm 0.3mm 0.425mm 0.6mm Number Weight (kg) Sieve sieve Sieve Sieve sieve sieve ---------------------------------------------------------------------- -- 05KD209-01(1) 76.45 1 3 3 0 1 1 ---------------------------------------------------------------------- -- (1) The four largest diamonds measured 0.9x0.88x0.64mm (clear); 0.8x0.58x0.46mm (clear amber); 0.74x0.24x0.08mm (colorless fragment) and 0.54x0.26x0.22mm (colorless broken octahedron) "We are encouraged that extensive sampling, state of the art geophysics and drilling has resulted in the discovery of macro diamond bearing kimberlite in the specific areas we have isolated as prospective," says Shear 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. Pamela Strand. "We are honing in on the source of the high interest mineral chemistry." Also, the remaining 118.3kg of drill core from KD900, where the first macro diamond from the Churchill property was recovered (as reported in a press release dated August 29, 2005), was sampled and submitted to the SRC for additional micro diamond analysis. One colourless, clear octahedron octahedron: see polyhedron. diamond was recovered measuring 0.22x0.16x0.12mm. No micro diamonds were recovered from kimberlite, KD5774, referred to in the same press release. Drilling of at least 15 more targets is underway with this year's exploration program planned to continue to the end of September, or until weather halts work. Additional results will be reported as they become available. Churchill Prospecting Discoveries Ground prospecting has resulted in the discovery of a second new kimberlite exposure plus kimberlite boulders at six new locations. Four of the locations are closely associated with geophysical anomalies. Three of the locations are located within the Josephine River G10 corridor. One of the float locations is of particular interest (05FWR FWR Foundation for Water Research (UK) FWR Full-Wave Rectified (electricity) FWR For Whatever Reason FWR Fish and Wildlife Resources FWR Fire When Ready FWR Field Work Report FWR Feed Water Regulator 006) due to its composition of more than 50% olivine macrocrysts with abundant purple garnets exhibiting kelyphytic rims, possible chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. and abundant phlogopite phlog·o·pite n. A yellow to dark brown mica, K(Mg,Fe)3AlSi3O10(OH)2, used in insulation. [Greek phlog . None of the kimberlites drilled to date have displayed textures as is seen in this small piece of relatively non-magnetic float (05FWR006) suggesting that this may represent a high interest kimberlitic source. Samples have been taken from all locales for mineral chemistry and where possible for microdiamond analysis. The new kimberlite exposure (05FWR004), is associated with geophysical anomaly FF119, a 50m by 150m magnetic high trending 030 degrees within the North Corridor, approximately 15km northeast of the main Josephine River Corridor. 100kg of this kimberlite will be processed for microdiamonds, indicator minerals and petrography pe·trog·ra·phy n. The description and classification of rocks. pe·trog  ra·pher n. .The Churchill Diamond Project is comprised of mineral rights to more than 9 million acres located near the community of Rankin Inlet and Chesterfield Inlet in the Kivalliq region of Nunavut. The project is owned by joint venture partners Shear, which has a 51% interest and is the operator, Stornoway (35%) and BHP Billiton (14%). In 2003 and 2004, Shear and its partners discovered 34 kimberlites over a wide area on the Churchill and Churchill West projects. The 2005 field program is under the supervision of Jennifer Burgess, P. Geol., a Qualified Person under NI 43-101. On behalf of the Board On behalf of the Board SHEAR MINERALS LTD. STORNOWAY DIAMOND CORPORATION /s/ "Pamela Strand" /s/ "Eira Thomas" Pamela Strand, P.Geol. Eira Thomas President President This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from either of the Companies' expectations are in Company documents filed from time to time with the TSX or 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. and provincial securities regulators, most of which are available at www.sedar.com. The Companies disclaim any intention or obligation to revise or update such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Shear Minerals Ltd. (TSX VENTURE:SRM) Stornoway Diamond Corporation (TSX:SWY) |
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