Kaiser Bottom Fish OnlineFree trialNew StuffHow It WorksContact UsTerms of UseHome
Specializing in Canadian Stocks
SearchAdvanced Search
Welcome Guest User   (more...)
 Sun Jun 4, 1995
Excerpt from KBFR May-June 1995
    Publisher: Kaiser Research Online
    Author: Copyright 1997 John A Kaiser

 Excerpt from KBFR May-June 1995

June 4, 1995

Diamond pipes on Victoria Island?

Another play to watch this summer is the 75:25 joint venture between Ascot Resources Ltd (AOT-V: $0.42) and Major General on their 1.4 million acre permit on Victoria Island. Monopros holds a 7 million acre permit to the north. The Victoria Island play is a longshot generated through speculative armchair geology that noted a gravity low suggesting a thickening of the crust. A till sampling program in 1994 yielded indicator minerals in four areas, one of which indicated diamond potential. A followup sampling program in March 1995 confirmed a nearby source for pyrope garnets, eclogitic garnets, and chromites that plotted within the diamond inclusion field. A helicopter magnetometer survey and further sampling to tighten up targets for a summer drill program is planned. Bottom-fishers who haven't already done so should add Ascot to their portfolio. John Toffan, George Oughtred and Yorkton broker Ron Brimacombe are big shareholders in Ascot, which has about 11 million shares fully diluted. If Ascot finds a diamondiferous pipe on Victoria Island, this group will pull in substantial buying.

You can return to the Top of this page

Copyright © 2020 Kaiser Research Online, All Rights Reserved