Forest Gate and Majescor Recover 83 Diamonds from New Kimberlite Float at Portage, Quebec
News Desk
<<
SHARES OUTSTANDING: 79 MILLION
SYMBOL & EXCHANGE: FGT-V
MONTREAL, Jan. 18 /CNW Telbec/ - Forest Gate Resources Inc. and joint
venture partner Majescor Resources Inc. report that a total of 83
diamonds
have been recovered from a 54.15 kg sample of coarse kimberlite float
("U0341-110") from the new U0341 dispersal train discovered in the
Remick dyke
sector of the Portage property last fall.
The Portage project is located in the Otish Mountains diamond district
of
northern Quebec, immediately adjacent to the diamondiferous Renard
kimberlite
cluster currently being bulk-sampled by Ashton Mining of Canada.
The U0341-110 float, which exhibited abundant and very coarse olivine
and
ilmenite up to 3 cm, as well as occasional xenoliths was processed
separately
for microdiamonds at the Saskatchewan Research Council's ("SRC")
laboratories
in Saskatoon using a 0.106 mm lower cut-off. The following table
provides a
comparison of U0341-110 results in relation to sample U0340 collected
from the
original Remick area kimberlite float occurrence discovered in 2004. As
illustrated, the new float yielded approximately 6 times more diamonds
per kg
than the U0340 material processed in 2004.
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Diamonds retained on screen
-------------------------------------------------------------------------
Weight +0.075 +0.106 +0.150 +0.212 +0.300 +0.425
Sample (kg) mm mm mm mm mm mm Total
-------------------------------------------------------------------------
U0341
-110(*) 54.15 N/A 44 27 9 3 - 83
(2006)
-------------------------------------------------------------------------
U0340(xx) 136.65 12 7 5 3 3 2 32
(2004)
-------------------------------------------------------------------------
(*) the largest diamond measured 0.46 x 0.42 x 0.26 mm
(xx) the two largest diamonds measured 0.90 x 0.70 x 0.40 mm and 0.88 x
0.64 x 0.38 mm
>>
The U0341 kimberlite float occurrence is defined by more than
25 kimberlite fragments up to 1 m in size forming a clear dispersal
train some
210 m long by 100 m wide. Although the rocks, like those from the
original
U0340 dispersion train and the Remick dyke, could be visually described
as
containing variable amounts and sizes of macrocrysts, they differed by
the
presence of possible pyrope garnet and chrome-diopside, in addition to
ilmenite.
A total of 2.5 tons of undifferentiated, finer-grained kimberlite from
the new dispersal train was also collected and processed for
macrodiamonds
(+0.85 mm) but returned negative results. The mini-bulk sample was
first
processed in a Dense Media Separation ("DMS") plant at De Beers' Grande
Prairie, Alberta laboratory. The operation generated 26.5 kg of heavy
mineral
concentrate which was subsequently processed for diamond recovery by
caustic
fusion at the SRC laboratory.
The 2006 Portage exploration program focused on several highly
prospective areas identified as a result of compilation work and the
analysis
of final mineralogical data from the 2005 till sampling program. The
work
involved prospecting, mapping, and till and soil geochemistry sampling.
The
campaign resulted in the collection of 415 sample sets of glacial
sediment/soil for both kimberlitic mineral indicator recovery and
geochemistry.
Additionally, partial results have been received for the soil surveys.
Final geochemistry results will be used to evaluate and classify
priority
areas located outside the main dispersal trains in preparation for the
summer 2007 exploration program.
This press release was prepared by Jacques Letendre, P.Geo, Principal
Consultant and director of Majescor, acting as qualified person for the
company under National Instrument 43-101.
To view a property map please visit our website at www.forestgate.ca.
If
you would like to speak to us in person, please visit the Forest Gate
team at
the Vancouver Resource Investment Conference, January 21 & 22,
Vancouver
Convention and Exhibition Centre in booth 1309.
Forest Gate is a publicly traded mineral exploration company with
diamond
properties in Saskatchewan and Quebec. The company's shares trade under
the
symbol FGT on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that
involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be
achieved.
Factors that could cause actual results to differ materially from
expectations
include the effects of general economic conditions, actions by
government
authorities, uncertainties associated with contract negotiations,
additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully
discussed in
Company filings with Canadian securities regulatory authorities.
The TSX Venture Exchange has not reviewed nor does it accept
responsibility for the adequacy or accuracy of this news release.
For further information: Robert Kramberger, V-P, Investor Relations,
Forest Gate Resources Inc., (866) 666-3040, rkram...@forestgate.ca;
www.forestgate.ca; Trevor Burns, President, Tiger Capital Corporation,
(416)
252-3663, inve...@tigercapital.com
http://www.newswire.ca/en/releases/archive/January2007/18/c6839.html