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Message: Victory Properties
The Probe's victory properties are ajacent to (or surrounded by) the Diamondex nickel properties. Diamondex successfully drilled about 1,800 metres that were on the original eight targets. Assay results will be announced in early June 2009. Any hit to NI-Cu will help boost the value of Probe's 100% owned victory properties. I believe Probe will commence a drilling program in June 2009.
A drill program completed by Probe Mines during the summer of 2008, discovered sulphide-mineralized ultramatic rocks while assay results confirmed that the meneralization was NI-Cu-PGE-bering.
Cheers!!
| Wed Apr 29, 2009 Diamondex Completes Drill Program on James Bay Lowlands-Nickel Bay Property |
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Vancouver, B.C. -- Diamondex Resources Ltd. (DSP-TSX.V) (the "Company") is pleased to announce that it has recently completed the first phase drilling of eight priority geophysical targets on its 90% owned nickel property in the James Bay Lowlands area of northern Ontario. The targets are located inside Area 1, a subset of roughly three contiguous claim blocks, within the 414,385 acre property. See www.diamondex.net for project location and description. During 2008 approximately 13,000 line-kilometres of versatile time domain electromagnetic ("VTEM") surveys were flown over the entire property identifying 78 priority conductors with minimum conductance values greater than 100 siemens. The resulting targets are characterized as strong conductors hosted within volcano-sedimentary stratigraphy similar to that which hosts Noront's Double Eagle nickel deposit and Spider-KWG's McFauld's Lake VMS deposits. Just prior to drilling, several of the VTEM anomalies within Area 1 were surveyed with surface Pulse EM. Approximately 1,800 metres were successfully drilled on the original eight targets with drill collars separated by an average distance of 12 kilometres. Seven of the completed drill tests were further investigated with three component Borehole Pulse EM. These down-hole geophysical surveys aided in determining the relative quality and orientation of the targets and presence of off-hole conductors. All core samples for assay have been delivered to Accurassay Laboratories in Thunder Bay, Ontario. Additional drilling to test several of the remaining priority targets will be undertaken during the 2009 exploration year. The Company is one of the largest property holders in the area, and has established a leading position in what could be one of Canada's last unexplored volcanic belts with demonstrated economic potential. David Clarke, P.Geol., MSc., Senior Vice President of Exploration for Diamondex Resources Ltd. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by Diamondex Resources Ltd. |
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