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COLORADO PROJECT
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Comparable Properties
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Latest Information July 31, 2002 Previous surface sampling has produced highly encouraging results: the George Creek kimberlite alone, from surface trench samples totalling 3,000 tonnes, resulted in the recovery of over 2,200 carats, with individual trench grades ranging from 54 to 100 cpht and averaging 75 cpht. The largest diamond weighed 2.14 carats. While a relatively small 0.5-mm screen size was used, resulting in the recovery of many smaller diamonds, there was a significant population of larger gem-quality stones. A select sample of 594 George Creek macrodiamonds (+2.5 mm/-4.5 mm) averaged 88.4% colourless diamonds with several diamonds larger than two carats.  July 2, 2002 Great Western Gold has entered into an option agreement to earn up to a 100% interest in three groups of diamond claims in Larimer county, Colorado. The George Creek, Pearl Creek and Sand Creek claim groups host diamond-bearing kimberlite with the potential for additional kimberlite discoveries. Recovery from the George Creek kimberlite from surface trench samples totalling 3,000 tonnes, resulted in over 2,200 carats, with individual trench grades ranging from 54 to 100 carats per hundred tonnes and averaging 75 cpht. The company is planning to complete geophysical and geochemical surveys of all three properties as soon as practical under an accelerated work program along with systematic drilling of the known kimberlites to depth and exploration drilling on new targets. |
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