Although Platinova (PAS-T) and Lexam Explorations (LEX-M) have intercepted a narrow kimberlite dyke on their jointly held West Greenland property, the partners have yet to encounter any potentially economic kimberlite bodies.
The recently completed first phase of drilling focused on seven geophysical targets. These were chosen from only 25% of the area covered by an airborne survey and only 8% of the total acreage controlled by Platinova and Lexam.
More than 100 additional targets are expected to be selected for follow-up work, with drilling scheduled to resume in May.
The partners report that diamond indicator mineral sampling throughout the area of the airborne survey has returned high concentrations of prospective indicator minerals and that diamonds have been recovered from kimberlite samples from dyke exposures.
A sample processing laboratory has been established in Nuuk, the capital of Greenland, where 2,900 samples from Platinova’s and its partners’ properties were processed.
The analysis led to the recognition of a prospective
southwest-to-northeast-trending belt extending from the coast to the inland ice cap. The belt traverses Platinova ground, as well as ground controlled by a joint venture involving Lexam, Aber Resources (ABZ-T) and Fjordland Minerals (FML-V).
Platinova optioned the joint
venture’s property and completed an airborne survey in October 1997. As results of the survey became known, the company moved crews in to complete indicator mineral sampling on the anomalies revealed.
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