CRYSTAL DIAMOND - VALERIE
Archived



Key Facts
Status: Unknown
Type of Work: Surface
Location: Manitoba, Canada
                 35 km East of GILLAM

Commodities: Diamond
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Latest Information
March 7, 2002
Valerie Gold Resources has entered into an option agreement with a private numbered Manitoba registered company to acquire the right to earn a 75% interest a 50,000 ha concession 50 km east of Gillam, Manitoba. Valerie can earn its interest in Exploration Permit 229 by making payments totalling CAD105,000 and issuing 200,000 common shares over 36 months, subject to regulatory approval. Valerie must also incur exploration expenditures on the concession prior to November 28, 2002. The concession lies immediately south of Valerie's Crystal diamond property where diamond drill testing of nine geophysical targets is currently underway. Concession 229 is situated at the head of a 150 km long kimberlite indicator mineral train with G-10 garnets reported on the property. Valerie is planning to conduct more geophysical surveys over the concession in order to focus diamond drilling to follow diamond drilling of the Crystal property.
October 31, 2001
Planning ground exploration of 8 isolated magnetic features that might represent kimberlite intrusions, found through airborne magnetic survey on property.
October 31, 2001
Planning ground exploration of 8 isolated magnetic features that might represent kimberlite intrusions, found through airborne magnetic survey on property.

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