Post by Catdaddy on Jan 20, 2008 21:06:59 GMT -5
Remember this one? Later,
Catdaddy
markets.about.com/about?GUID=3173823&Page=MediaViewer&Ticker=KRXR
Breaking Stock Alert for Thursday: KRXR! September 13, 2007
MarketWire News ReleasesPublished: 09/13/07 09:15 AM EDTReleased By:
Stock Market Alerts
With the goal of discovering Canada's next diamond mine, Kimber-X Resources Corp. (KRXR) is a "must see" stock for investors. Wednesday after the markets closed, the company, a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, issued a press release announcing that that it has acquired a 55% interest in the Sask Craton Joint venture, which is in close proximity to the Fort a la Corne kimberlite fields.
Great news for KRXR investors! The press release states that this area is directly adjacent to the Fort a la Corne area of Saskatchewan that hosts one of the most extensive kimberlite fields in the world and possibly the world's largest diamond deposit. Kimberlites are the rock formation in which diamonds are found. The Fort a la Corne area in Saskatchewan is known to have the world's largest accumulation of diamondiferous kimberlites.
The Fort a la Corne kimberlite cluster is a zone of kimberlite pipes that stretches for about 35 km and is about 10 km wide. To the northeast lies another cluster of kimberlite pipes known as the Snowden Cluster that trends in the same direction. About 75% of the Fort a la Corne kimberlites contains diamonds and they vary not only in size and complexity but also in economic potential.
The exploration concept upon which Kimber-X is proceeding on its Sask Craton project is that not all kimberlites at Fort a la Corne have been discovered. In 2004 Shore Gold Inc. identified seven E anomalies with all but one having an associated weak magnetic anomaly. New undiscovered kimberlites will likely have very subtle geophysical features that would have been overlooked in the past. The press release also states, the Sask Craton project has the potential to host numerous kimberlite deposits, which could represent a major economic break through valued in the hundreds of millions.
The Sask Craton project acquisition was prompted by the recognition of the high diamond potential of the area, based on recoveries of diamond indicator garnets in a related geographic area, appealing geomagnetic data, and the fact that the area has never been systematically evaluated. Kimber-X Management feels that this project has significant potential going forward.
This is certainly another company for investors to watch closely! According to the press release, it is currently estimated that over 45% of world diamond exploration is now being conducted in Canada, with Canada slated to become the world's #1 diamond producer in the near future. Over the last seven years Canada diamond exploration has made this area a major player in the world diamond industry. Original thinking and new techniques in exploration, mining and marketing have helped reinvigorate the nature of this conservative industry, which prevailed for most of the previous century.
Before the news was released, the stock closed Wednesday at $0.90 a share.
For Stock Market Alerts' in-depth profile of Kimber-X Resources, visit www.wallstreetenews.com/HotStocks/KRXR091207/default.aspx.
Catdaddy
markets.about.com/about?GUID=3173823&Page=MediaViewer&Ticker=KRXR
Breaking Stock Alert for Thursday: KRXR! September 13, 2007
MarketWire News ReleasesPublished: 09/13/07 09:15 AM EDTReleased By:
Stock Market Alerts
With the goal of discovering Canada's next diamond mine, Kimber-X Resources Corp. (KRXR) is a "must see" stock for investors. Wednesday after the markets closed, the company, a junior mineral exploration company, actively searching for diamonds in various claims located in Central and Southern Canada along the U.S. border, issued a press release announcing that that it has acquired a 55% interest in the Sask Craton Joint venture, which is in close proximity to the Fort a la Corne kimberlite fields.
Great news for KRXR investors! The press release states that this area is directly adjacent to the Fort a la Corne area of Saskatchewan that hosts one of the most extensive kimberlite fields in the world and possibly the world's largest diamond deposit. Kimberlites are the rock formation in which diamonds are found. The Fort a la Corne area in Saskatchewan is known to have the world's largest accumulation of diamondiferous kimberlites.
The Fort a la Corne kimberlite cluster is a zone of kimberlite pipes that stretches for about 35 km and is about 10 km wide. To the northeast lies another cluster of kimberlite pipes known as the Snowden Cluster that trends in the same direction. About 75% of the Fort a la Corne kimberlites contains diamonds and they vary not only in size and complexity but also in economic potential.
The exploration concept upon which Kimber-X is proceeding on its Sask Craton project is that not all kimberlites at Fort a la Corne have been discovered. In 2004 Shore Gold Inc. identified seven E anomalies with all but one having an associated weak magnetic anomaly. New undiscovered kimberlites will likely have very subtle geophysical features that would have been overlooked in the past. The press release also states, the Sask Craton project has the potential to host numerous kimberlite deposits, which could represent a major economic break through valued in the hundreds of millions.
The Sask Craton project acquisition was prompted by the recognition of the high diamond potential of the area, based on recoveries of diamond indicator garnets in a related geographic area, appealing geomagnetic data, and the fact that the area has never been systematically evaluated. Kimber-X Management feels that this project has significant potential going forward.
This is certainly another company for investors to watch closely! According to the press release, it is currently estimated that over 45% of world diamond exploration is now being conducted in Canada, with Canada slated to become the world's #1 diamond producer in the near future. Over the last seven years Canada diamond exploration has made this area a major player in the world diamond industry. Original thinking and new techniques in exploration, mining and marketing have helped reinvigorate the nature of this conservative industry, which prevailed for most of the previous century.
Before the news was released, the stock closed Wednesday at $0.90 a share.
For Stock Market Alerts' in-depth profile of Kimber-X Resources, visit www.wallstreetenews.com/HotStocks/KRXR091207/default.aspx.
