Patrician stakes land in N.W.T

Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property 550 km northwest of Yellowknife.

The two claim groups, comprising 33 claim units, are accessed via a winter road to Norman Wells, N.W.T.

Stream sediment sampling by De Beers Canada in the mid-1970s and 80s identified a distinct kimberlitic indicator mineral anomaly in the area of Blackwater Lake. The lack of abrasion on the minerals suggested limited transport.

In the early 1980s, soil sampling and magnetic surveying over 345 line-km on Patrician’s new claims turned up several kimberlitic indicator mineral anomalies. The best indicator count from a single sample tallied to 145 garnets, 117 ilmenites and 7 for chrome diopsides. Overall, about 1,800 glacial sediment samples were collected from depths of no more than 0.5 metre.

Limited drilling in the area has failed to cut kimberlite.

Patrician believes the mineral assemblage at Blackwater is distinct from that at Lac de Gras, some 300 km northeast of Yellowknife, indicating a separate and likely local source.

Recent compilation and analysis of till sampling data by Patrician indicates a clustering of anomalous garnet and ilmenite grains in two main areas on the northern half of the property. The grain characteristics imply a nearby bedrock source.

The Ottawa-based junior continues to assess available data and plan for the upcoming summer field season.

Patrician’s proposed name change to Patrician Diamonds will be voted on at an annual general and special meeting slated for April 12, 2002.

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