and the winner is SPQthe tortoise comes to the race slowly - but they are doing thier bulks systematically - map,sample, wash, strip, small sample to be followed by big sample if warranted - gee K + DB to name a few could take note of this approach!
KWG, Spider prepare Wawa property for mini-bulk testing
Spider Resources Inc SPQ
Shares issued 156,903,479 Jun 8 close $0.135
Wed 9 Jun 2004 News Release
See (KWG) News Release
Mr. Maurice Montpetit reports
KWG AND SPIDER COMMENCE EXPLORATION ON WAWA DIAMOND PROJECT PREPARE FOR
BULK SAMPLE
KWG Resources Inc. and joint venture partner Spider Resources Inc. have
commenced an exploration program on their jointly held 45-square-kilometre
diamond property near Wawa, Ont. This program is primarily designed to
prepare two previously discovered locations for mini-bulk testing. These
locations had yielded very high macrodiamond counts from representative
15-kilogram grab samples of outcrop. During the 2002 field season, 59
diamonds were recovered from sample site Menzies 167, including 22
macrodiamonds, while sample site Lalibert 2002 -- 156 reported 215 diamonds
of which five were macros.
Both sites will undergo further investigation, initially by mechanical
power-stripping and power-washing, followed by detailed geological mapping
and sampling of the tuffisitic breccia phases at each location. The results
of the mapping and sampling at both sites will determine where the
mini-bulk samples will be taken from. Each sample is expected to be
approximately five tonnes. These two mini-bulk samples will be processed
for commercial-sized diamonds only using a 0.8-millimetre cut-off. Based on
the results of the two five-tonne tests, a decision will be made to collect
(or surface mine) a much larger sample (50 tonnes) for processing for the
commercial diamond content.
Meanwhile, the joint venture has made the final option payment to the
co-discoverers of this diamond project, Sandor Surmacz and Marcelle
Hauseux, both of Toronto. Mr. Surmacz has been retained for the early part
of this program to prospect the newly cleared timber access roads
throughout the property. Mr. Surmacz, along with Jim Burns (PEng), the
designated qualified person (IQP), will map and sample any new potential
diamond occurrences that are identified during this prospecting program.
The joint venture expects to expend up to $250,000 on this project to the
end of the current fiscal year.
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