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RAM & SHU
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Key Facts
Location:
Northwest Territories, Canada
140 km NE of YELLOWKNIFE Commodities: Diamond
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Comparable Properties
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Latest Information February 22, 2006 During the 2005 field season, an additional 204 heavy mineral samples were collected on the RAM property in order to precisely resolve the individual kimberlite indicator mineral trains and to isolate their source areas. The results from this work have now been received and the new data confirm the cut off of KIM trains on the RAM property and narrow down the size of the suspected source area to approximately six square kilometres. During the 2005 field season on the SHU, 114 infill samples were collected on closely spaced lines in order to constrain the source area of the KIM train. The program also included prospecting and ground checking of geophysical targets. Results of this sampling have now been received and confirm a very well constrained KIM train appearing to emanate from two high-priority geophysical targets. July 31, 2005 204 samples were collected at RAM and 114 samples were collected at SHU to help resolve KIM trains at both projects and to isolate their source areas. Ice-direction and geomorphology studies were also performed with samples now being concentrated and picking results expected later this fall. June 21, 2005 The RAM summer exploration program has 3 phases: 1. closely spaced till sampling to precisely resolve the individual kimberliteindicator- mineral trains and to close in on the source areas of the mineral trains; 2. field investigation of the remaining untested high-priority geophysical anomalies by prospecting and target specific heavy mineral sampling; and 3. field reconnaissance to prospect for kimberlite float at the heads of the indicator mineral trains. If the results of this work so warrant, further ground geophysical surveys and a second drill program will take place before the end of the year or just after the commencement of the next year. The summer program on the SHU property is aimed at discovering the kimberlite from which the indicator mineral train is sourced. The program will involve closely spaced till sampling to further constrain the indicator mineral source area, field investigation and target specific sampling of the 15 geophysical anomalies. Geological field reconnaissance at the head of the train to prospect for kimberlite float will be carried out. It is anticipated that ground geophysical surveys will be carried out and if warranted the targets will be drill tested either before the end of the year or just after the commencement of the next year. |
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