LEEWINK
- 28 Mar 2004 15:45
NML is due its interrim results now, last year it was the 28th of this month.
They are setting up a new site to explore/research/analyse and all the equipment to do this should be on site now, and drilling should start soon, all this extra news should be covered in the interims.
does anyone have any further positive views on this company ??
Andy
- 05 Jul 2005 18:51
- 1121 of 1909
takahe,
A clue about what?
The kimberlite, or the source of the alluvials?
takahe
- 05 Jul 2005 21:18
- 1122 of 1909
Andy..the possible secondary source of diamonds in that Calonda formation
Andy
- 05 Jul 2005 23:16
- 1123 of 1909
takahe,
ok this pc won't download the Colonda Formation report, will try tomorrow at work.
Any chance of a copy of the GM mail please?
If you have lost my email, you can use the private message facility here.
Thanks in advance.
takahe
- 06 Jul 2005 09:05
- 1124 of 1909
Morning Andy...I sent you it yesterday on the PM system.Maybe I did it wrongly.
I'll send it on the email.
Andy
- 06 Jul 2005 09:23
- 1125 of 1909
Takahe,
I have found it, many thanks indeed.
Dynamite
- 06 Jul 2005 10:59
- 1126 of 1909
New Millennium Resources Ltd
06 July 2005
New Millennium Resources Limited
('NML' or the 'Company')
DIAMONDS FROM SPRING DRILL PROGRAMME IN GREENLAND
NEW MILLENIUM RESOURCES Limited joint venture partner Hudson Resources Inc of
Canada has announced to the TSX-Venture Exchange that it confirms significant
diamond counts from its spring drilling programme and is initiating its summer
drilling programme.
New Millennium CEO, John Cross, said 'We are encouraged by the discoveries made
by Hudson Resources on the Sarfartoq area and the commencement of further
drilling. These results substantially enhance the Greenland asset and the
underlying asset value of New Millennium Resources' 20% free carry interest. I
congratulate James Tuer and Hudson for their outstanding progress.'
Vancouver, BC - July 4, 2005 - HUDSON RESOURCES INC. ('Hudson' - TSX Venture
Exchange 'HUD') is pleased to announce that all three cores tested from the
Garnet Lake area in West Greenland returned significant diamond counts. This
result confirms that this in situ material is the source of the significantly
diamondiferous samples collected in the 2004 exploration program. Hudson is now
commencing further drilling in an effort to expand the size of the Garnet Lake
discovery and to test other targets identified, but not yet drilled, during the
earlier spring drill program that concluded in mid May 2005.
'This is a very important result for our Company' stated James Tuer, president
of Hudson. 'The discovery of similar high proportions of good quality diamonds
as in our summer 2004 surface sampling program, even in such a small quantity of
core, is highly significant. It establishes that the Garnet Lake site hosts its
own diamondiferous kimberlite body.'
Drill Hole DS012, the closest of the three holes to the previous subcrop sample
and the one sample that only tests the main kimberlite intersection, returned 15
diamonds from a 10.95 kg sample. In 2004, the subcrop sample returned a total of
151 from 107.9 kg of kimberlite. Drill Holes 05DS08 and 05DS10 each returned 6
diamonds from 14.4 kg and 14.15 kg of kimberlite, respectively. These two
samples may be somewhat diluted due to numerous kimberlite intersections in the
core which are unrelated to the main Garnet Lake body. The two largest diamonds
measured 0.56 X 0.52 x 0.46 mm and 0.76 X 0.58 X 0.40 mm. The complete Caustic
Fusion Diamond Report prepared by the SRC Geoanalytical Laboratories, including
individual stone size and description, is available on the Company's website
(
www.hudsonresources.ca/files/srcreport-2005.pdf
).
Kimberlite Weight Diamonds in Square Mesh Sieve Sizes (microns) Total
Sample (kg) Diamonds
+75 +106 +150 +212 +300 +425
----- ------ ------ ------ ------ ------
Garnet Lake
05DS08 14.40 2 - 2 1 - 1 6
05DS010 14.15 - 3 - 3 - - 6
05DS012 10.95 2 6 - 2 5 - 15
------- --- --- --- --- --- --- ----
Totals 39.50 4 9 2 6 5 1 27
Along with testing the Garnet Lake kimberlite intersections, Hudson tested
kimberlite from 05DS01 and 05DS02 drill holes at Spider Lake. One microdiamond
was recovered from 14.85 kg in 05DS01 and two microdiamonds were recovered from
26.8 kg in 05DS02. Kimberlite from each of the 18 drill holes is being analysed
for kimberlite indicator mineral chemistry. This will then be compared against
the Garnet Lake samples to further define other areas of high diamond potential.
Dr. Mark Hutchison, head of the exploration program stated, 'The argument that
our samples could have been sourced from a kimberlite long since removed by
glaciers and washed out to sea is now gone. Diamonds and good indicator
mineralogies from the Garnet Lake site are now established as being manifest by
a presently in-situ body tested to an extent of 100m in depth and 150m
horizontally. Preliminary indications suggest that this body could be
significantly more extensive.' In fact, high quality indicator mineral chemistry
similar to that recovered from the Garnet Lake kimberlite has been found in the
tills along the potential strike of the body for over 5 km. A high priority of
this summer's exploration program is to find outcropping of kimberlite along
strike and take much larger sample sizes to gain a better idea of the size and
quality of the diamonds.
The samples were processed by the Geoanalytical Laboratories at the Saskatchewan
Research Council ('SRC'), Saskatoon, Saskatchewan, and an independent
laboratory. SRC GeoAnalytical Laboratories is accredited to the ISO/IEC 17025
standard by the Standards Council of Canada as a testing laboratory for specific
tests. Small samples have been removed from all kimberlite cores for heavy
mineral study by the SRC and the remaining core, including three largely
untouched Garnet Lake drill cores remain in a secure facility for further study
and audit purposes. Dr. Mark Hutchison, Trigon GeoServices Ltd., is in charge of
the exploration program and is responsible for the collection of the samples in
Greenland and managed the chain of custody from the field to the SRC. Dr. John
Ferguson has reviewed the program and this press release and is a qualified
person under National Instrument 43-101.
New Millennium's joint venture with Hudson Resources has a 20% free carry
interest in the diamond project in the Sarfartoq License (Garnet Lake) area of
Greenland.
This information is provided by RNS
The company news service from the London Stock Exchange
takahe
- 06 Jul 2005 11:01
- 1127 of 1909
No 1 on the ADVFN leader board...makes a nice change!
aldwickk
- 06 Jul 2005 11:10
- 1128 of 1909
I wish Hudson would take over NML, it would then be less of a worry as they seem to be a well run outfit.
aldwickk
- 06 Jul 2005 11:20
- 1131 of 1909
i bought yesterday 50,000 what good timing, pity about the large spread.
takahe
- 06 Jul 2005 11:53
- 1133 of 1909
Dynamite- Ianwc is not psychic..lol. The news on Hudson was out a couple of days ago on the Hudson web-site.
I wish NML had written a clearer RNS on Friday. I sought some clarification and was told that the news release on Friday was sent out to explain that the company has had to bring forward work on the kimberlites due to a number of larger companies entering Angola in search of kimberlites ie De Beers.
The alluvial work goes on, though.
IMHO, it would still have been much better if the Company had given us some idea of what they were finding, especially given the huge amount of material they must have processed by now.
stockdog
- 06 Jul 2005 12:24
- 1134 of 1909
Dynamite - hi - some good news at last which seems pretty concrete. Any idea of values attaching to NML's 20% free-carry? Diamonds not quite big enough yet for my collar - looking for 2.5mm minimum grid size, please!
Takahe - Have to agree with you, NML could have issued this report the same day as Hudson. Also still not very happy with their Angolan operation - they have stopped alluvial work to move that equipment over to speculative kimberlite work whhiilst they wait for new equipment from S. Africa presumably to re-start the alluvial mining.
Is the sudden haste to get started on the kimberlite a) to satisfy potential partners they are worth JVing with, or b) to beat the competition arriving elsewhere in Angola for some other advantage - not clear what you are saying - I had understood a) from NML's RNS.
sd
takahe
- 06 Jul 2005 12:57
- 1136 of 1909
stockdog...I have sent you a copy on the PM system.
may
- 06 Jul 2005 17:09
- 1137 of 1909
takahe I should very much appreciate a copy
of the email through the moneyam system too please
I topped up this morning at 3.15 before the news.
Thanks
takahe
- 06 Jul 2005 19:43
- 1138 of 1909
may..I can't see a box to post it in, so I'll put it here.
The news release was sent out to explain that the company has
had to bring forward work on the kimberlite due to a number of larger
companies entering Angola in search of kimberlites, i.e. De Beers. As
original forrecasts had to be set aside due to rain, and equipment
taking weeks to clear it was deemed prudent to start work on the
kimberlite. The recent photo's on the web site of the equipment and the
diamonds have been taken on the alluvial operations on the kimberlite.
This area, I believe is thought to be the source of earlier alluvial
finds.
If the company is also alluvial mining on the kimberlite it will make it
a lot more difficult for a competitor to muscle their way in to the hard
rock, the motherload.
Rest assured that the company is continuing to act in the very best
interests of the shareholders. Remember the board are paid peanuts and
rely heavily on options which are triggered at levels much above these.
**********************************************************
In addition to that, if you look on ADVFN, you will see quite a bit of information relating to the geology of the area. What is possibly happening is that they have decided (a while ago) to dig down towards the kimberlite. Above that is often a layer of material which may be a secondary source of diamonds crumbled away from the kimberlite as it erodes.
They are not digging these huge holes for nothing, hopefully!
takahe
- 06 Jul 2005 20:02
- 1139 of 1909
uk analyst 06/07/05
New Millennium Resources attracted buyers again today, after its joint venture partner Hudson Resources confirmed significant diamond counts from its spring drilling programme. Its shares added 0.5p to 3.5p. The company now plans to initiate over the summer. The discoveries made are clearly encouraging and should substantially enhance the Greenland asset and thus, New Millenium's 20% free carry interest. Further news as the drilling progresses over the summer is inevitable and prospects are looking good.
may
- 06 Jul 2005 20:05
- 1140 of 1909
takahe
many thanks