©
Copyright 2004 by Strongbow Exploration Inc. All rights reserved.
www.strongbowexploration.com
Overview
Strongbow holds and interest or an option to earn an interest in five separate
properties (Fury, Sarcpa, Kingora, Gem, and Wales Island) covering 727,541
ha within the Melville Peninsula of eastern Nunavut. The recent discovery of
diamondiferous kimberlites in northern and southern Melville Peninsula by Stornoway
Diamond Corporation and BHP Billiton, respectively, has ignited intense interest
in diamond exploration of this area.
On September 16, 2004, Strongbow announced that kimberlites have been discovered
on the Wales Island property. Each of Strongbow’s other Melville properties
lie within at least 100km of one of the recent kimberlite discoveries in the
area.
In the northern Melville, Stornoway has announced the discovery of up to five
kimberlites on its Aviat project, including the diamondiferous AV-1 and AV-2
bodies. A total of 7.4 tonnes of kimberlite from AV-1 was recently processed,
returning 6.52 carats of diamonds for an estimated grade of 0.88 cpt. A much
smaller 88kg sample of the AV-2 kimberlite was fused and returned a total of
64 diamonds, including 2 stones greater than 0.85mm.
BHP Billiton’s Qilalugaq project covers the southern ismuth of the Melville
peninsula. BHP recently announced the discovery of 9 diamondiferous kimberlites
within the property. A 9.1 tonne sample from one of the kimberlites returned
a total of 2.36 carats of diamonds greater than 0.85mm. BHP has announced and
plans to collect larger (bulk) samples from several of the pipes in 2004.
Strongbow’s 2003 exploration program consisted of the collection of 14,500
line kilometres of fixed wing airborne magnetic data over the Fury property,
as well as the collection of 287 very wide spaced 20kg till and stream samples
from four of the properties. The northern Melville Peninsula is virtually unexplored
and Strongbow is optimistic that systematic exploration could lead to new kimberlite
discoveries on the company's prospective land package in an area, which appears
to be an emerging new kimberlite province.
