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Red Mile Minerals Corp V.RDM



TSXV:RDM - Post by User

Bullboard Posts
Post by RIGDIGon Mar 31, 2004 10:31am
257 Views
Post# 7292449

NR out on Audit of diamonds.

NR out on Audit of diamonds.Count has doubled folks. Now that's worth talking about! Audit Increases Diamond Count 3/31/04 Calgary, AB March 31, 2004 FSC / Press Release Rhonda Announces De Beers Audit Increases Diamond Count Calgary, Alberta CANADA, March 31, 2004 /FSC/ - Rhonda Corp. (RDM - TSX Venture), Glen Alston, President of Rhonda Corporation ('Rhonda') is pleased to announce the results of an audit of micro-diamond reco veries, initially reported to Rhonda in July 2003, by joint venture partner De Beers Canada Exploration Inc.('DBECI') from the Knife Lake kimberlite. A routine audit of micro-diamond recoveries was performed at the Kimberly Micro-diamond Lab in South Africa (KMDL). The diamond count from kimberlite core collected in 2001 initially returned 152 micro-diamonds in 503.12 kilograms (revised from 158 stones reported in the July 29, 2003 release). The audit by De Beers recovered an additional 174 micro-diamonds for an updated total of 326 diamonds. Seventy-six percent (76%) of the additional stones recovered during the audit were less than a bottom sieve size of 0.104 mm. See Table below for the audited results. Figures in brackets are the results of the original micro-diamond recoveries. Drill Hole Weight (kg) LithologyKIK-01 001c 40.31 MXPK 60.59 GPKKIK-01 002c 60.56 MXPK 40.06 MXPK+GPKKIK-01 003c 20.22 MXPK 80.7 GPK KIK-01 006c 200.68 BPK 503.12 Drill Microdiamond counts from KMDL screening (bottom sieve size in mm)Total Hole -0.074 0.074 0.104 0.150 0.212 0.300 0.500 1.000 2.000 StonesKIK-01 001c 1 7 2 5 2 0 0 0 0 17(8) 0 5 9 6 3 1 0 0 1 25(12)KIK-01 002c 6 11 4 4 5 4 0 0 0 34(24) 0 7 7 5 2 0 0 0 0 21(3)KIK-01 003c 3 5 2 3 0 0 0 0 0 13(6) 3 15 23 5 6 5 1 1 1 60(34)KIK-01 006c 32 46 29 24 11 6 4 2 2 156(65) 45 96 76 52 29 16 5 3 4 326(152) During the initial processing of the original samples not all the kimberlite was dissolved by caustic fusion which was the reason for the audit. Full and accurate recoveries and size classifications made at the De Beers'KMDL are a vital step in the evaluation of diamond deposits. Technicians at the lab use advanced proprietary technology to identify and provide accurate mass estimates of micro-diamonds. Micro-diamond results are then modeled by the mineral resource specialists who predict the macro-diamond grade. Torrie Chartier M.Sc., M.B.A., Rhonda's qualified person, has reviewed the technical data. Rhonda Corporation is an Alberta based corporation with mineral exploration projects located in the heart of the Coronation Diamond District in Nunavut Territory and the Temagami diamond play in Ontario. The Company's common shares trade through the facilities of the TSX Venture Exchange under the symbol 'RDM'.
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