Rockwell Ventures Inc. unter RCW nur an der otc handelbar.
Für eine Depotbeimischung sehen die nicht schlecht aus.Der Chart ist seit August in Ordnung und befindet sich in einem Aufwärtstrend.Weitere Infos findet man auch unter http://www.hdgold.com/.
Habe diese Aktie beim durchstöbern gefunden und wollte sie einfach mal reinstellen.
Gruß joker
Rockwell and GMD hunt a Royce revival
2004-02-06 12:14 ET - Street Wire
by Will Purcell
Two struggling explorers hope to improve their fortunes through a revival of an old diamond play in Canada's North. Hunter Dickinson's laggard, Rockwell Ventures, is optioning the Royce project from GMD Resource Corporation, which has been working the project since the mid-1990s, but without much kimberlitic success. Despite the lack of any finds, there has been enough preliminary promise from the project to attract notice from some diamond majors in recent years, but they called it quits after failing to find a source for a number of mineral trains. Those minerals remain unexplained and Rockwell now thinks it can succeed where De Beers and BHP Diamonds had failed.
The Royce claims are near Wheeler Lake, about 120 kilometres to the north of Yellowknife, on the southwestern fringe of the Slave diamond play. The project is about 225 kilometres to the west of Snap Lake and 325 kilometres east of Kennady Lake, two diamond deposits that De Beers hopes to be mining in the coming years. The Royce claim blocks are about 275 kilometres to the southwest of the Ekati and Diavik diamond mines.
The Royce play might seem a tough tout because of its fringe location, but the property played a key role in Don Farrell's revival of GMD in the mid-1990s. GMD's shares managed a tenfold gain by the spring of 1996, peaking at $7.50 on the strength of Royce diamonds and Discovery gold. The promotion fell apart a few years later with the decline in the price of gold, the lack of sparkle from the diamond project and too much regulatory interest in promoter Farrell. Fortunately, interest in Royce outlasted both Mr. Farrell and his promotion.
That interest began with Chris Jennings and SouthernEra Resources in the early 1990s. The company acquired ground in the Wheeler Lake region and conducted a till sampling program in 1993 and 1994. About half of its 670 samples yielded mineral promise, but the sampling was too coarse to define any clear mineral trains. The work indicated a wide distribution of minerals across its property, with a higher distribution in the Wheeler Lake area.
That seemed encouraging, but SouthernEra dismissed the higher mineral counts, suggesting that they were a part of a broader mineral swath emanating from a cluster of kimberlites about 50 kilometres to the east, near Carp Lake. As a result, SouthernEra seemed to think that its mineral promise had come from beyond its project area, and the company called it quits.
Little is known about the Carp Lake kimberlites, which are believed to have been discovered in the mid-1990s by De Beers. The diamond giant found at least four bodies just west of Carp Lake, and another five kimberlites about 70 kilometres farther to the north, just south of Roundrock Lake and roughly 100 kilometres northeast of the Royce property. There would seem to have been nothing stellar in those finds, but De Beers has clung to the ground containing its finds.
Some nearby discoveries offer more insight into the diamond potential of those clusters, as well as the Royce property. Ashton Mining of Canada found several kimberlites near Cross Lake, about 75 kilometres east of Royce and just southeast of the De Beers finds at Carp Lake. Although there was nothing in the results to conjure up images of a mine, some of Ashton's finds produced intriguing grades that suggested the region was diamond country.
The best of Ashton's finds was the Cross kimberlite. In 1994, Ashton recovered 72 diamonds from about 312 kilograms of kimberlite, but most of that meagre haul had come from just a small fraction of that rock. Ashton took a small mini-bulk sample later that year, coming up with seven diamonds that weighed 0.174 carat from about 2.4 tonnes of material, and that indicated a grade of a bit better than 0.07 carat per tonne.
Ashton took mini-bulk tests of two other pipes in the region. About two tonnes of kimberlite from the Ursa pipe yielded a single diamond, but the weight of the stone was negligible. Ashton had better luck with the Orion kimberlite, where 1.17 tonnes of kimberlite also delivered a single diamond. That stone weighed a far more promotable 0.29 carat, providing a sample grade of 0.25 carat per tonne.
That result was undoubtedly skewed by good fortune, but the find does support hopes that pipes in the region would have a coarse size distribution curve, and the variability produced in the initial Cross tests provides encouragement that higher-grade deposits could be lurking in the region.
Tahera found a kimberlite system on its Roundrock property that also proved to be diamondiferous. The Aquila body yielded 36 diamonds from about 345 kilograms of material, and the company toyed with the notion of a mini-bulk test. No further work was done, likely due to the small size of Aquila and its modest diamond content.
GMD started work on its Royce play in 1995, but much of its initial efforts were directed at blocks of ground farther to the west of the current project. There was little promise found in that region, and GMD subsequently dropped the western parts of its Royce play.
In 1999, GMD landed De Beers as a partner at Royce, and the project got a closer look. De Beers agreed to spend $16-million on the play to earn a 51-per-cent stake, and it managed to shell out about $3-million before calling it quits. De Beers flew geophysics over the property, collected over 1,100 till samples, and drilled eight targets.
None of the targets proved to be kimberlites, but there apparently was little correlation between the drilled geophysical targets and the results of the geochemical sampling. An early spring forced De Beers to start drilling before it had the results of the till sampling program, and the drill targets were selected purely on geophysics.
The till sampling produced anomalies in the Wheeler Lake and Bessonette Lake regions, and De Beers went back to collect another 1,500 samples, but before those results were analyzed, De Beers decided to quit the project.
That was in the summer of 2001, and GMD did not have to wait long to find a new partner. A few months later, BHP Diamonds decided to take a crack at the project, through a deal that would allow it to earn a 75-per-cent share in the play by carrying GMD to production.
BHP had been using its Falcon gravity system to explore a large area of the North, including several properties owned by other explorers, and the Falcon system was used on the Royce project as part of the deal with GMD. As well, BHP collected another 100 till samples in an attempt to define the heads of the previously identified indicator trains.
BHP identified another four drill targets in the most promising part of the property, but drilling failed to find any kimberlites. Two of the targets were in the Bessonette Lake area, near the head of the mineral swath in that region, but the two targets in the Wheeler Lake region were based entirely on geophysics, as they were well beyond the bounds of the Wheeler mineral trains.
After the drill failure, BHP decided to quit the project. That seemed about it for the Royce play, as even GMD seemed disillusioned with its chances of finding diamonds on Royce. The company cited the lack of success experienced by De Beers and BHP as a reason the company might have difficulty in attracting new investors for the play.
As things turned out, GMD did find a new participant, and although Rockwell is no De Beers, the Hunter Dickinson company is willing to spend up to $10-million on the project in exchange for a 60-per-cent interest. Based on the terms of the arrangement it would seem that GMD negotiated a good deal. As well, the merits of the Royce play apparently still command a bit of geological respect.
The continued interest in the 63,000-hectare Royce property centres on the two main unexplained mineral trains at Wheeler Lake and Bessonette Lake. The minerals contained in those swaths include an array of grains that suggests a diamondiferous source, and the presence of a number of G-10 garnets adds to the promotability of the play.
Rockwell plans a program of ground geophysics to define targets near the source regions of the trains, and that could lead to a drill program this spring. That might seem a tough task based on Rockwell's balance sheet, which had a working capital deficiency of just under $400,000 at the end of November, but the Hunter Dickinson crew has managed to bring in about $3-million in new cash since then.
The Hunter Dickinson group has been running things at Rockwell since 2000. The company's president is Ron Thiessen, a West Vancouver-based accountant who is also head of Hunter Dickinson and a director and executive of several other companies in the Hunter Dickinson fold.
Robert Dickinson joined Mr. Thiessen on Rockwell's board late in 2000. The Lions Bay economic geologist is another of the principals of Hunter Dickinson, a private company that provides geological and management services to its stable of public explorers.
There are two additional Hunter Dickinson principals on Rockwell's board. Bean counter Jeffrey Mason and Scott Cousens were also appointed as Rockwell directors in late 2000.
Rockwell has three directors who predate the arrival of Hunter Dickinson. Rene Carrier, a former vice-president with Pacific International Securities has been around since 1993, and he was joined five years later by lawyer Gordon Fretwell and a California-based geologist, Douglas Silver.
The revival of the Royce play has given GMD's stock a bit of a boost in recent months. A share cost just a nickel last fall, but the stock crested recently at 29 cents, and managed a 22-cent close on Thursday, dropping two cents on the day.
Rockwell's revival and the developing Royce promotion have also been catching the eye of the market. A share could be had for just four pennies through much of last summer, but it took nearly a quarter to buy the same share in late January.
Rockwell was unchanged on Thursday, closing at 21 cents.
Sorry,Du hättest in Kanada schaun müssen.
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