THE DIAMOND PAGE — Diamonds recovered at Fort la Corne

Diamonds were recovered in selected samples from four of the first eight holes drilled this past winter at the Fort la Corne project in Saskatchewan.

.YThe project is a joint venture among Kensington Resources (KRT-V), Cameco (CCO-T), Uranerz Exploration & Mining and Monopros. Each company will hold a 25% interest once Kensington completes the terms of a $3.4-million earn-in agreement.

As part of a bulk-sampling program, the partners recovered 2.1-8.1 tonnes of kimberlite material from each of the holes. While some previously drilled kimberlites are being subjected to additional tests, the balance of the drilling is testing new targets.

A suite of 8-kg samples, representative of each of the holes, was analyzed by caustic dissolution to provide a preliminary indication of the potential diamond grade. Only those mini-bulk samples with significant diamond content will be processed for macrodiamond recovery.

Kimberlite No. 145 was tested by hole 145-5. A total of 13 diamonds weighing 0.0198 carat (including 1 macro weighing 0.0171 carat) was recovered from 60 kg of sampled kimberlite. The Fort la Corne partners classify as macros only those stones measuring greater than 1 mm.

A previous, 28.7-tonne bulk sample of No. 145 yielded 0.809 carat for a grade of 0.0282 carat per tonne.

Kimberlite No. 123 was tested with a third hole, yielding seven stones weighing 0.2756 carat (including 1 macro weighing 0.2747 carat) from 42.5 kg of sample. The single macro, which is described as white and clear, may be a fragment of a larger stone.

Kimberlite Nos. 220 and 223, previously untested, were found to be diamond-bearing. The former returned 26 diamonds weighing 0.0147 carat (including 1 macro weighing 0.0101 carat) from 25.3 kg of sample, while the latter yielded 7 micros weighing 0.0018 carat from 33.8 kg of sampled kimberlite.

Small-diameter drilling is continuing at the project. To date, 16 of the 30 planned holes have been drilled.