NEWS RELEASE |
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| February
17 , 2005 |
Toronto
Stock Exchange "TWG" Berlin OTC Exchange "878 341, EDV-Kürzel ATG" |
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NEWS RELEASE Twin
Mining’s Brodeur Diamond Potential Increases
To date fifteen indicator mineral clusters have been established on Vista. Twelve(12) are newly discovered clusters based on visual grain selection and are in addition to three previously reported (press release February 6, 2004) clusters established from soil and stream sediment samples collected during the 2003 exploration season. Graphical plots of key elements in pyropes and picroilmenites from these earlier samples allow Twin Mining to confidently predict that the awaited microprobe analyses on the year 2004 grains will confirm that many are from the diamond stability field (see web-site for diagrams). It is encouraging that two of the anomalous collections of indicator minerals are coincident with prominent aeromagnetic anomalies detected by the survey flown in the mid-1980’s by Geoterrex Ltd for the Geological Survey of Canada (“GSC”) at a flight line spacing of 1 km. Twin Mining based the staking of 32 “JI” claims on these survey data. An interpretation of the potential significance of the GSC data, prepared by Eric Anderson an independent geophysicist, in June 2002, describes these two anomalies:
Dallas Davis, Twin Mining’s Consultant – Diamond & Gold – and “Qualified Person” in the field of diamond exploration stated: “During the 2004 field season, a total of 1,200 soil samples were collected on the Vista claim blocks by Twin Mining's field personnel. Most were taken at 500 m intervals along north-south lines spaced 2 km apart. Areas covered included the previously untested northeast portion of the Vista project, the anomalous blocks identified by the 2003 stream sediment sampling and several magnetic anomalies selected by a study of the Geological Survey of Canada regional aeromagnetic data. I am delighted to see that this very productive property continues to grow in stature as a significant potential source for quality Canadian diamonds.” Heavy mineral concentrates are extracted from soil samples at the laboratory of Vancouver Indicator Processors Inc. in Burnaby, British Columbia. Selection of kimberlite indicator minerals is by HDM Laboratories Inc. (HDM), which is operated by Dr. Malcolm McCallum who has been involved in the discovery of a number of diamondiferous kimberlites in Colorado, Wyoming, Venezuela and the NWT and B.C. In order to complete the indicator mineral selection in time to plan the 2005 exploration program, about one third of the concentrates are being picked by KIM Dynamics of Vancouver and sent to HDM for final picking and grain mounting for chemical analysis by microprobe. Final results from the present 700 samples and the remaining 500 soil samples are expected by the end of March and will be reported as soon as they are available. A drill program for the 2005 field season is being planned to test priority magnetic targets which coincide with diamond indicator minerals in soil. Stornoway Diamond Corporation has an option to earn a 51% interest on the Vista diamond claim Blocks (see press release August 24, 2004). Twin Mining’s assets comprise diamond properties under exploration in Canada’s eastern Arctic, the near production Atlanta Gold Mine in Idaho, U.S.A. and the Abitibi gold properties under exploration in Quebec.
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| For
further information contact: |
Tel.:
(416) 777-0013 |
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| Hermann
Derbuch, P.Eng. |
Fax:
(416) 777-0014 |
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| Chairman,
President & CEO |
E-mail:
info@twinmining.com |
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© 2005 Twin Mining Corporation
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