CFR 0.00% 0.6¢ cluff resources pacific nl

Will the find ...

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    Will they find Mother of all Mothers (Lode that is). or not?
    CLUFF RESOURCES PACIFIC NL 2002-05-30 ASX-SIGNAL-G

    HOMEX - Sydney

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    Nineteen carats per tonne of uncut ruby (four grains per tonne), has
    been obtained from Trench 11 (Section G). The largest stone obtained
    was 2.11 carat, flawless and of good colour. 1,554 carats of uncut
    ruby were recovered from 81 tonnes of gravels treated. Of these, 26
    carats were of size above 4.5 mm.

    The sample processed comprised 81 tonnes of gravel. The gravel
    thickened into the terrace towards the end of the trench, and ranged
    from 0.5 metres at the start to 2.4 metres at the end of the sample.
    Overburden averaged 1.5 metres. The trench was about three metres
    wide. All tracers (imitation rubies) added to the stockpile of
    gravels were recovered from the sample, demonstrating that the plant
    was working efficiently.

    This sample repeated five metres of the end of the recently dug
    Trench 11 (Section F), and continued for an additional eight metres,
    aiming to confirm the initial result and assess its continuity. This
    sample was testing an accidentally discovered raised terrace
    overlying basement rocks on the southern bank of the river flats.
    This Upper Terrace has resource potential additional to the river
    flats, which carry most of the inferred resource of 14 million carats
    (2.3 million tonnes at 6.3 carats per tonne).

    Instead of barren rottengranite, the Upper Terrace has been
    confirmed to contain ruby bearing gravels. These older and high level
    gravels were deposited possibly millions of years before the recent
    alluvial gravels. This Upper Terrace, when tested previously, yielded
    lower grades than the recent alluvial gravels and was different in
    nature to the recent alluvials, containing boulders of rotten granite
    and basalt with a clayey matrix. This trench confirms that in some
    places it contains far higher quantities of ruby, as well as the
    heavy minerals spinel and ilmenite, with lower corundum values.

    Rubies in these raised gravels appear to have originated from a
    different source from those in the adjacent recent alluvials, as they
    contain a higher proportion of higher quality Red and Pink 1 and 2
    stones. The location of the source of this high quality ruby is still
    uncertain, but prospecting activities in the 1970s found rubies in
    swamps about two kilometres to the south ofthese gravels.

    A ground magnetic survey to determine the location of areas of the
    Upper Terrace with high ilmenite content, and in turn possibly high
    ruby content, is planned as soon as equipment is available. The
    trench will be continued for approximately eighty metres, after which
    an additional six prospecting holes will be dug, sampling about
    twenty tonnes from each hole to determine the extent and grade of
    these Upper Terrace gravels.

 
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