August 24, 2006 12:00 ET

AntOro/Completion of Phase I Exploration: Foyelet Project

MONTREAL, QUEBEC--(CCNMatthews - Aug. 24, 2006) - AntOro Resources Inc.(TSX-VENTURE:ORE) and Big Red Diamond Corp.(TSX-VENTURE:DIA) are pleased to announce that Phase I of their exploration program on the Foleyet joint venture diamond project is completed. This project comprises 17 claim blocks covering a total area of 1,152 hectares located within the townships of Carty, Foleyet, Horwood, Ivanhoe, Keith, Lemoine, Lincoln, Muskego, Paul, Raney, Evans and Warren all within the Patricia mining division of Northern Ontario.

These properties were acquired following the processing of data provided by the Natural Resources Canada 2001 "Kapuskasing Structure Geophysical Data Set, Kapuskasing-Chapleau Aeromagnetic Survey". This survey was flown with 200-metre flight line spacing. A preliminary interpretation of the magnetic data over the area of interest was completed by Scott Hogg & Associates Ltd., geophysicists, of Toronto, Ontario. The interpretation identified anomalies which could represent small circular intrusive bodies such as kimberlite pipes with diameters in the few 100 metres range. The outlined anomalies include two magnetic susceptibility lows that suggest remnant magnetization and other isolated anomalies that contrast well with their surrounding magnetic geological environment.

The 1991 "Summary Report of Kimberlite Indicator Program (OP-91-94)" by William C. Kerr, highlights the presence of numerous potential kimberlite indicator minerals from till sampling directly down-ice from numerous targets that are part of the BRDC-ORE Foleyet project. In this report, fifty-seven (57) purple to pink-purple pyropes were recovered from samples taken directly down-ice from three (3) AntOro claim-blocks ("Ab02, Ab-03 and Ab-04"). The Kerr report does not provide SEM or microprobe analysis of the recovered grains.

The 2001 Chapleau-Foleyet Treasure Hunt Kimberlite Indicator Study labelled the Foleyet area as one of two highly recommended areas. The magnetic anomalies covered by the BRDC-ORE claims are located up-ice from an area where several kimberlite indicator minerals such as G10 and G9 garnets, Mg-ilmenites, chromites, Cr-diopsides and olivines have been identified in the glacial drift of the area. One G10 garnet was found in the Lemoine township and a second was found, down-ice, two townships away in the Chewett township as outlined in the above-mentioned report by Kerr.

The 2006 summer field program consisted in sampling with an auger drill glacial sediments down-ice from the geophysical anomalies underlying the claim-blocks. Twelve of the seventeen targets have been sampled. The remaining 5 will be explored during the 2006-07 winter since they are mostly in wetlands. The winter exploration phase will be carried-out using snowmobiles and mechanical augers.

Fifty-seven (57) samples were taken: 39 tills and 18 eskers, averaging almost 5 samples per anomaly. Samples have been sent to True North Mineral Laboratories, in Timmins, ON, for picking. True North is a non-certified laboratory that specializes in washing sieving and picking mineral and metallic grains. It is owned by Kevin S. Cool, a Director and Officer of Big Red Diamond Corp. All recovered mineral and metallic grains will then be sent either to CF Minerals, in Kelowna, BC, a non certified laboratory, for SEM and Electronic Micro-Probing of the mineral grains while the metallic grains will be sent to Act-Lab, from Ancaster, ON, a certified laboratory, for atomic absorption.

Each company holds 50 per cent of the project and Big Red Diamond is deemed the operating partner; furthermore, each company also share half of the NSR obligations of 1.1 per cent and the 1-per-cent buyback. The project represents an important addition to an established strategic land position in this diamond-exploration area.

This press release has been reviewed by Benoit M. Violette, Geo, a qualified person as per National Instrument 43-101. Mr. Violette is a director of both companies.

The TSX Venture Exchange does not accept responsibility for adequacy or accuracy of this release.

Contact Information

  • AntOro Resources Inc.
    Francois C. Desrosiers
    (514) 982-6044, ext 223