TORONTO, July 17, 2023 (GLOBE NEWSWIRE) -- Talmora Diamond Inc. ("Talmora" or the "Company") (CSE:TAI), is pleased to provide an exploration update. Results of recent further sample analyses from the Seahorse Project, a 50/50 joint venture between the Company and Olivut Resources Ltd., have become available.
Saskatchewan Research Council ("SRC") has reported the recovery of one macrodiamond from caustic fusion analysis of a beach sand heavy mineral concentrate sample weighing 1.8 kg taken proximal to the main Seahorse target. The macrodiamond has dimensions of approximately 1.9mm x 1.4mm and weighs 5.2628 mg. The diamond is described as off-white, transparent, distorted, octahedral, and having minor resorption with inclusions and surface pitting.
In addition, Dr. Malcolm McCallum and associate in laboratory facilities located in Loveland, Colorado, have identified the crystal previously reported as looking like a diamond as a microdiamond (<0.5mm) from the same 1.8 kg sample. Dr. McCallum's initial evaluation of this beach sand indicates that heavy minerals such as opaque oxides (rutile, pseudorutile, ilmenite, titanium magnetite, chromite), garnet of various compositions, Rare Earth Element ("REE") minerals (allanite, monazite), zircon, barite and hypersthene are concentrated in the less than 1mm fraction. In addition to elevated REE values, this beach sand also contains significantly elevated titanium oxide ("TiO2"), zirconium and barium in heavy mineral concentrates.
Also, two G-9 pyrope garnets and a picroilmenite were confirmed previously in this sample. The identification of a macrodiamond and a microdiamond, in addition to the previously reported geochemical results, from this relatively small sample is highly encouraging in the context of the sample's proximity to geophysical targets.
In light of these recent results, as soon as possible, a field program will be expedited to sample in the vicinity of the main Seahorse target. Logistical planning is underway. The program will include collection of a heavy mineral mini bulk sample from the beach sands to recover kimberlite indicator minerals including diamond and other heavy minerals. It is anticipated that additional caustic fusion analysis will be required.
Additionally, a staking program will be carried out during the current year to cover certain targets within the larger prospecting permit boundaries as current legislation requires.
The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size and perhaps other mineral deposits, based on a combination of: the recent caustic fusion results; REE and TiO2 results; 2019 drill program results; favourable diamond stability indicator minerals found regionally and locally, including 15 macro and near macro diamonds found in regional stream samples to the west and 3 in regional till samples down-ice to the NNE; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area.
Numerous targets are drill ready on the Horton Project in which the Company has 100% interest.
The scientific and technical portions of this news release were reviewed and approved by Alan W. Davies, P.Eng., who is the Vice-President of Exploration for Talmora Diamond Inc., a "qualified person" as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information please contact:
Raymond Davies, President & CEO
Talmora Diamond Inc. Email: rayal.davies@sympatico.ca Telephone 416-491-6771
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "likely", "probably", "often", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations , timing of the commencement of field programs and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the inability to complete or commence the anticipated summer field program, the preliminary nature of test results, delays or failures in obtaining sample results, delays in obtaining or failures to obtain required governmental environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and inability to predict and counteract the effects of COVID-19 on the business of the Company including but not limited to the effects of Covid-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
多倫多,2023年7月17日(Global Newswire)--Talmora Diamond Inc.(以下簡稱“Talmora”或“公司”)(CSE:TAI)很高興提供最新勘探情況。該公司與Olivut Resources Ltd.各佔一半股份的合資企業--海馬趾專案--最近的進一步樣本分析結果已經公佈。
薩斯喀徹溫省研究理事會(“SRC”)報告稱,在靠近主要海馬趾目標的海灘砂重礦物濃縮物樣本的腐蝕性熔融分析中發現了一顆巨型鑽石,重達1.8公斤。這顆巨型鑽石的尺寸約為1.9毫米x 1.4毫米,重5.2628毫克。該鑽石呈灰白色、透明、扭曲、八面體,並有少量吸收,夾雜物和表面點蝕。
此外,馬爾科姆·麥卡勒姆博士及其同事在科羅拉多州洛夫蘭的實驗室設施中從相同的1.8公斤樣品中鑑定出先前報告的看起來像鑽石的晶體是一顆<0.5毫米的微鑽。McCallum博士對這片海灘沙的初步評估表明,不透明氧化物(金紅石、假金紅石、鈦鐵礦、鈦磁鐵礦、鉻鐵礦)、各種成分的石榴石、稀土元素(“REE”)礦物(尿晶石、獨居石)、鋯石、重晶石和紫蘇輝石等重礦物集中在小於1 mm的粒級中。除REE值升高外,該海灘沙中重礦物精礦中的二氧化鈦(“二氧化鈦”)、鋯和鋇也顯著升高。
此外,在該樣品中還證實了兩個G-9鎂鋁榴石和一個鎂鈦鐵礦。在樣品接近地球物理目標的情況下,除了先前報告的地球化學結果外,從這個相對較小的樣品中識別出一顆大鑽石和一顆微鑽石是非常令人鼓舞的。
鑑於最近的這些結果,將盡快加快實地方案,在主要海馬趾島目標附近進行採樣。後勤規劃正在進行中。該計劃將包括從海灘沙子收集重礦物迷你散裝樣本,以回收金伯利岩指示礦物,包括鑽石和其他重礦物。預計還需要進行額外的焦散聚變分析。
此外,將在本年度實施一項標桿計劃,以涵蓋當前法律要求的更大勘探許可範圍內的某些目標。
公司認為,根據下列綜合情況,海馬趾專案有潛力容礦:最近的苛性熔融結果;稀土元素和二氧化鈦結果;2019年鑽探計劃結果;區域和本地發現的有利的鑽石穩定性指示礦物,包括在西側區域河流樣品中發現的15顆宏觀和近宏觀鑽石,以及在區域冰層中發現的3顆鑽石;特定的地球物理目標;有利於金伯利岩侵位的區域和當地斷層;北部和東南部的含徑金伯利岩的產狀,以及該地區的其他地球化學數據。
在公司擁有100%權益的霍頓專案上,許多目標已經準備就緒。
本新聞稿中的科學和技術部分由Talmora Diamond Inc.勘探副總裁Alan W.Davies,P.Eng審核和批准,他是National Instrument 43-101礦物專案披露標準所定義的“合格人員”。
欲瞭解更多資訊,請聯繫:
雷蒙德·戴維斯,總裁首席執行官
Talmora Diamond Inc.電子郵件:郵箱:rayal.davies@sympatico.ca電話:416-491-6771
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