Topic: Very plausable conclusion

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DiamondWon
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Very plausable conclusion...
« Thread started on: Today at 01:04am » <br>This is a very logical conclusion from Spook01 on RB. Well worth the read. I fully support his theory..

By: spook01
12 Aug 2004, 03:03 PM EDT
Msg. 44323 of 44406
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When we had the Jun 10th PR on the Carolyn pipe about the diamonds, we had a run, but when we heard it was only two micro bits, thats when we lost ground. What all the CMKX Investors didn't see, is that fact it was only a small sample of 88 pounds tested, and half of that was from a known dry hole. So the two micro's came from a test sample of only 44 pounds. Today I read a PR by Star Diamond Project. They just gave out the numbers of a BULK SAMPLE. 1,256 TONNES! Forget about the size of the stones, it will all average out over a given area. Most very small, and some big. The point is, they took 1,463 diamonds out of that sample, BULK SAMPLE I stress. Now, our Carolyn sample from 44 pounds., with 2 trace diamonds. A short ton is 2,000 pounds. Star tested 1,256 Ton's, it really more, a tonne is a metric ton, equal to 2,204.62 US Pounds. But I'm going to use the US Short ton of 2,000 pounds for this illustration. there are 2,512,000 pounds in 1,256 US Ton's. 44 pounds will go into that 57,091 times. We had 2 dimonds in 44 pounds, so that would average out to 114,182 bits of diamonds if we tested the same BULK SAMPLE.

Does this make sense?

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DiamondWon
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stevpot99
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Re: Very plausable conclusion...
« Reply #1 on: Today at 01:16am » <br>i'm not sure the carylyn pipe is still our target or if we found something much bigger maybe the pr will come out saying they are going to open 2 mines
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DiamondWon
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Re: Very plausable conclusion...
« Reply #2 on: Today at 01:31am » <br>You may have a point. Their new web site shows a heading for MINES! I think Carolyn is the Big ONE, but time will tell.

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DiamondWon
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fastwalker
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Re: Very plausable conclusion...
« Reply #3 on: Today at 11:53am » <br>I asked myself the same question last night and surfed a bit to find the follwing :

Here is something to consider.

I was reviewing the merging contract of CMKM and UC (with other parties) and found something interesting.

********************************************
United Carina Resources Corp.
Press Release

Results from the Smeaton, Saskatchewan Area Property
6/15/04

The samples are of split NQ core (nominal diameter 47 6mm), and the other half of the core has been retained in a secure warehouse. The rock is a medium-to-coarse grained pyroclastic kimberlite. No diamonds were recovered from eleven other samples.
The other two holes which also intersected kimberlite have not been sampled. The operator intends to have these holes sampled and tested for diamonds. Only two holes were initially tested because of the cost - in this case, $30,000 for the first two holes. Now that the kimberlite has been shown to be diamondiferous, further testing diamonds is warranted.


www.stockhouse.com/news/news.asp?newsid=2332437&tick=UCA

for what its worth, read the following:

Urban Casavant and CMKM merging contract


1.4 OWNERSHIP AND PROCESSING OF GEMS. The diamondiferous kinberlite minerals and their matrix materials to be mined by CMKI (collectively, the "Minerals") will be placed in a "controlled", "secured" and "accountable" inventory by CMKI, and all such Minerals will be assayed to determine the Finder's Royalty due the Seller in any manner it may determine reasonable in the circumstances, provided that, at all times, any such process reasonably complies with standard industry practices in connection with the preparation of polished goods and, provided further, that CMKI uses its reasonably best efforts to seek the maximum yield of gems in connection with any such Minerals. In this regard it is hereby also expressly acknowledged and agreed by the Parties hereto that for purposes of the Finder's Royalty, any "facetable" gemstone greater than one (1) carat in weight or any specimen exceeding U.S. $5,000 in wholesale value, will only be processed in such a manner as may be mutually agreed by both Parties, from time to time, acting reasonably. All such facetable gemstones or specimens will be kept in a mutually acceptable controlled, secure, and accountable storage facility with a dual keyed access, of which each Party will hold one key, and which storage facility will be subject to twenty-four hour video surveillance and such other monitoring as may be necessary and proper.

www.sec.gov/Archives/edgar/data/1092299/000111776803000002/exhibit.htm


UCA and KPG did have a press release in the Canadian News agency.
UCAD and CMKM has never had a press release on the core results.

You can form your own opinion from these "offical PRs."






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