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North American Gem Inc V.NAG



TSXV:NAG - Post by User

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Comment by bulrushon May 19, 2008 7:31pm
268 Views
Post# 15087643

RE: Re the Adamas geos.

RE: Re the Adamas geos.Au Con , the ealiest diamondex could have drilled is 1 year ago, not 2 years .accordings to Sedar filings.  Of that I am certain from Sedar.  There was a filing that mentioned 400 K to drill summit, then later 500K to drill Summit and another property. Then no news on summit. In fact I can't find any expenditures for drilling Summit in their financials. 

Post a link, ok.

From Sedar

OCT 11,06  

Summit Lake Project, Saskatchewan

Field crews have recently conducted an initial geophysical investigation of several priority anomalies identified from

an airborne magnetic survey data set provided by Adamas Minerals Inc. Diamondex geophysicists have identified

isolated, rounded to elliptical, and non-conformable (disrupting local lineaments) anomalies that, given their

occurrence in a geologically similar environment to the Fort à la Corne kimberlite field, could be indicative of

kimberlite intrusions. The most recent detailed investigation included gravity and magnetic surveys over 4 of the

airborne anomalies. Due to the amount of rain the area has received, all the planned anomaly investigations were

not completed. Targets that have been surveyed are now ranked for drill testing priority.

Diamondex plans to return to the project area after freeze-up to complete detailed ground geophysical surveys over

the remaining anomalies and to begin drill testing targets of merit. The Company has budgeted $400,000 for this

first season of exploration at the Summit Lake project.


Feb 09.07


Summit Lake Project, Saskatchewan

Summit Lake Project, Saskatchewan

The exploration work on the Summit Lake property will comprise surveying priority magnetic targets and

subsequent drill testing. A geophysical crew will commence work on the property on or about February 25.

Randy had bigger projects to worry about. Can't see any ground work, no drill. Wet last year and lengthy road bans. They walked away.




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