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Name | Symbol | Market | Type |
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21Shares AG | EU:MANA | Euronext | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.0051 | 0.29% | 1.7456 | 1.8977 | 1.8164 | 1.9217 | 1.7267 | 1.7649 | 4,510 | 16:35:02 |
RNS Number:4575H Mano River Resources Inc 13 February 2003 Mano River Resources Inc. NEWS RELEASE 13 February 2003 No: 2003/04 TSX Venture Exchange (TSX-V) Trading Symbol: MNO London Stock Exchange (AIM) Trading Symbol: MANA MANO DISCOVERS EIGHT NEW KIMBERLITE DYKES AND RECOVERS FURTHER MACRODIAMONDS IN SIERRA LEONE * Eight additional kimberlite dyke discoveries, designated Lion-3 to Lion-10 * Macrodiamond recovered from Lion-4 kimberlite dyke sample * 3 and 15 further macrodiamonds recovered from Lion-1 and Lion-2 samples * Diamond found in loam sample, results indicate probable additional kimberlites Mano River Resources Inc, the AIM and TSX-V listed diamond and gold exploration company, has received further very encouraging results from a diamond exploration programme within it's two Exclusive Prospecting Licences (EPLs) in the Kono diamond district of Sierra Leone. Samples Results from Lion-1 to Lion-4: As part of the kimberlite dyke evaluation programme Mano geologists collected a series of small (30kg) grab samples for diamond indicator microprobe analysis from the Lion-1, 2, 3 and 4 dykes. A number of diamonds were recovered, which included 15 macrodiamonds from Lion-2, 3 macrodiamonds from Lion-1 and a single macrodiamond from Lion-4. This is very significant due to the relatively small size of the samples taken. The diamonds were weighed and described by John Gurney's Mineral Services laboratory in Cape Town, the complete results of which are shown in Table 1. Mano's CEO, Dr Tom Elder comments: "The excellent garnet mineral chemistry and recovery of macrodiamonds from relatively small samples along strike of the previous Lion-1 and Lion-2 kimberlite samples confirms Mano's belief that these dykes, which have been mapped discontinuously over distances of 5km and 6km respectively, represent potentially economic diamond resources. The rapid discovery of a further eight dykes is also very encouraging as is the recovery of a macrodiamond from a sample of Lion-4. Furthermore it is clear from assessment of the results to date from Mano's advance exploration work that there is a high probability that a number of other kimberlites in this field remain to be discovered, which could add substantially to any future resource base". A selection of garnets from Lion-1, 2, 3 and 4 have been subjected to microprobe analysis to determine their respective diamond potential. A large number of garnets are classified as G10 in affinity, which suggests that the dykes are likely to be significantly diamondiferous. Lion-5 to Lion-10 remain to be sampled for diamond content. Loam Sample Results: Results for 464 loam samples collected over high interest stream sample anomalies have been received and suggest that additional kimberlites are likely within the sampled blocks. During the sampling programme a number of kimberlite dykes were discovered in artisanal diamond workings and these have been designated Lion-3 through to Lion-10. Background Technical Information: In summary, the recent Kono exploration programme highlights are as follows: - * The Lion-1 kimberlite dyke has been mapped discontinuously along strike for approximately 5km. As previously reported a mini-bulk sample of 1.7t yielded 22 diamonds weighing 1.1carats for a minimum grade of 64.7cpht (see Mano news release dated 3rd February 2003, http://www.manoriver.com/news/nr03/ nr0303_03feb.pdf) * The Lion-2 kimberlite dyke has been mapped discontinuously for 6km and three small 30kg grab samples yielded a total of 17 macrodiamonds * Eight further kimberlite dykes have been identified elsewhere throughout the EPLs, designated the Lion-3 to Lion-10 occurrences, all of which have reportedly been exploited for diamonds at surface by artisans * Garnet mineral chemistry from the Lion-1 to Lion-4 kimberlites is of a high interest nature. Mano geologists consider the Lion-3 data to be even better than that of Lion-1 * Float samples of diatreme facies kimberlite, suggestive of an undiscovered pipe or blow, have previously been found and a stream sample collected in the suspected source area returned abundant ilmenite and supporting garnet. A number of these garnets are classified as G10 in composition after probing * Two loam blocks covering high interest stream sample anomalies have been sampled and the results received. Abundant garnet, and ilmenite with supporting chromite, chrome diopside and diamond suggest that additional kimberlites will be discovered Based on the results received to date Mano will embark on an aggressive follow-up exploration programme that will, subject to financing, entail further mini-bulk sampling of Lion-1 to 4. This programme may also include a detailed airborne geophysical programme to fast track delineation of any further kimberlites and assist in the mapping of their extents. On behalf of the Board of Mano River Resources Inc. Tom Elder President and CEO For further information on Mano River Resources and its exploration programme, you are invited to visit the Company's website at www.manoriver.com or contact one of the following: Tom Elder President and CEO UK +44 (0) 1235 810 740 Guy Pas Co-Chairman Switzerland +41 22 758 2151 Anthony Rhatigan Co-Chairman Mobile +44 (0) 7785 297 348 Raz Hussein Controller Canada +1 (604) 689 1700 Hugo de Salis St Brides Media & Finance UK +44 (0) 20 7242 4477 The Toronto Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release Table 1 Description of diamonds recovered from Lion-1, Lion-2 & Lion-4 kimberlite dykes Kimberlite Sample Diamond Form Morphology Weight Colour Colour Clarity X (mm) Y (mm) Number (mg) Intensity Lion-1 50204 1 B Octahedron 0.40 White 0 2 0.700 0.650 Lion-1 50216 1 B Octahedron 0.08 Grey 1 2 0.650 0.500 Lion-1 50204 2 B Octahedron 0.35 White 0 2 0.900 0.750 Lion-2 50213 1 B Octahedron 3.13 Brown 1 2 1.975 1.600 Lion-2 50011 2 B Octahedron 0.28 Brown 1 3 0.750 0.750 Lion-2 50211 2 B Fragment 0.41 White 0 2 1.050 0.625 Lion-2 50213 2 B Dodecahedon 3.05 White 0 3 1.700 1.400 Lion-2 50211 3 B Fragment 0.17 White 0 2 0.750 0.675 Lion-2 50213 3 B Dodecahedron 0.69 White 0 2 1.150 1.025 Lion-2 50211 4 B Fragment 0.32 Brown 1 2 1.000 0.750 Lion-2 50213 4 B Dodecahedron 0.34 Brown 1 2 0.875 0.700 Lion-2 50211 5 B Octahedron 0.23 White 0 2 0.700 0.450 Lion-2 50213 5 B Dodecahedron 0.59 Brown 1 2 1.450 0.650 Lion-2 50211 6 B Octahedron 0.12 White 0 3 0.500 0.475 Lion-2 50211 7 B Octahedron 0.12 Brown 1 2 0.600 0.525 Lion-2 50211 8 B Octahedron 0.22 Brown 1 3 0.800 0.500 Lion-2 50211 9 B Octahedron 0.14 White 0 2 0.525 0.500 Lion-2 50211 10 B Fragment 0.05 White 0 2 0.700 0.375 Lion-4 50206 1 B Fragment 0.30 White 0 3 0.800 0.650 Clarity 0 No inclusions or cleavages and stone is perfectly clear. 1
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