MINING NEWS: Golconda drills for diamonds - January 30, 2005

Providing coverage of Alaska and Northwest Canada's mineral industryJanuary 2005

Vol. 10, No. 5

Week of January 30, 2005

MINING NEWS: Golconda drills for diamonds

Drilling for diamonds is getting under way at Shulin Lake, 47 miles northwest of Anchorage. This year’s $1 million drill program is a joint venture between Calgary-based Golconda Resources (51 percent), Shulin Lake Mining and Shear Minerals. The program got the go-ahead after microdiamonds were found at the property in hole 22, the last one drilled in 2004.

Last year’s reinterpretation of an airborne magnetic survey undertaken in 2000 showed that this hole was at the edge of two of the most prominent anomalies. The reinterpretation indicates several targets that could be due to intrusive bodies or pipes, Golconda said in a release Jan. 18. Diamonds are extremely difficult to find, and there are only about 100 diamondiferous pipes in the world.

—Sarah Hurst

Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.miningnewsnorth.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.