DENTONIA RESOURCES LTD.: HORSESHOE GOLD MINING INC. : KETTLE RIVER RESOURCES LTD.: ARCHON MINERALS LIMITED - Discovery Of New Kimberlite, Lac De Gras, NWT
8/19/02
Vancouver, BC, Aug 19, 2002 (Market News Publishing via COMTEX) --
DHK Diamonds Inc. ("DHK"), a private company, the current operator of DHK's Lac de Gras properties (WO claim block), equally owned by Dentonia Resources Ltd. ("DTA"), Horseshoe Gold Mining Inc. ("HSX") and Kettle River Resources Ltd. ("KRR") has been advised by Archon Minerals Limited ("Archon"), the operator of the current exploration program, that to date, four targets have been drill tested, three with negative results, the fourth, however, with positive results.
The fourth target was located by a combination of Falcon data and interpretation of topographical features, and has resulted in the intersection of a NEW KIMBERLITE, crater facies.
The discovery drill hole was collared in granite, on a lake shore, drilled at a 47 deg dip angle, encountered crater facies kimberlite, over a length of 127 ft., from 157 ft. to 284 ft,, and was still kimberlited when stopped.
Due to the softness of the kimberlite, which exerted pressure on the drill rods of the heliportable rig, this hole was stopped in kimberlite at 284 ft.
This NEW KIMBERLITE is located in a bay of a lake, 2,100 meters or 6,900 ft. west south-west of kimberlites DO27 and DO18, and about 200 meters or 650 ft. north of DO29N, the latter was described as, "a multi-phased system which includes hypabyssal kimberlite dikes, pyroclastic (crater facies) kimberlite and heterolithic kimberlite breccias", and when last tested in 1998, yielding 12 micro-diamonds from a 82kg sample.
The drill core from this NEW KIMBERLITE appears to contain indicator minerals and is different in texture from DO29N. Sediment fragments and the texture of the core samples, appear to be similar to some of Ekati and Diavik pipes, suggesting emplacement during the Cretaceous period.
The topographic setting of this NEW KIMBERLITE would have impeded down ice dispersion patterns of kimberlite indicated minerals (KIM), emanate from this pipe, perhaps explaining its non-detection to date.
The current exploration program calls for drill testing up to nineteen targets, fifteen remain, with a minimum of one drill hole per target, before prioritizing these targets for further testing.
Currently, the drill rig is being moved to a new target.
The current interest holders are: DHK 55%, Archon 20%, Aber 15%, SouthernEra 10%, with Kennecott retaining a 1% gross overriding royalty. BHP has the right, in the event of a 200 tonne bulk sample of a new discovery, at its cost, to earn a 54.5% interest, to be contributed, pro rata, by the other interest holders.
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