DIAMOND PAGE — Kennecott finds dyke on DHK claims

Kennecott Canada Exploration has intersected 2.1 metres of a kimberlite dyke while drill-testing an anomaly that lies close to a known kimberlite pipe on the DHK claim block, at the southwestern end of Lac de Gras in the Northwest Territories.

This land-based dyke is described as a volcaniclastic kimberlite consisting of 70% olivine and up to 1% purple pyrope garnets. The core interval is being analyzed for microdiamonds. The find was made 100 metres east of the DD42 kimberlite body, which was discovered in 1993. Ground geophysical surveys are being conducted in an effort to define further drill targets. The DD42 kimberlite had previously yielded nine macrodiamonds and 31 micros from 146.4 kg of sampled drill core.

Kennecott, a subsidiary of Rio Tinto (RTP-N), can earn a 51% interest in the DHK claim block, with DHK holding a 28.6% stake and SouthernEra Resources (SUF-T), the remaining 20.4%.

DHK is owned equally by Dentonia Resources (DTA-V), Horseshoe Gold Mining (HSX-A) and Kettle River Resources (KRR-T).

Kennecott has allocated $450,000 for exploration of the DHK group of claims, which consists of the DHK, WO and WI claim blocks. The WO block is southeast of Lac de Gras, where Kennecott completed 30 sonic drill holes, set 150 metres apart, in a bid to delineate an indicator mineral train that occurs along the western border in the southern part of the claim block. Samples from the holes are being analyzed.

The WO claim block is held 40% by Kennecott, 35% by DHK, 15% by Aber Resources (ABZ-T) and 10% by SouthernEra.

A portion of the 108,000-acre WO claim block was farmed-out to Archon Minerals (ACS-V), which can earn a 25% interest pertaining to any kimberlite that it discovers. The agreement excludes certain areas surrounding DO-18 and DO-27 (the two Tli Kwi Cho pipes), as well as the DO-29, DO-32, DO-40 and DO-41 kimberlites.

Archon is conducting geophysics and has advised the partners that it may have defined three potential targets requiring follow-up work.

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