ATW Diamond Project Sonic
Drill Program at MacKay Lake
Cancelled due to Road and Ice Conditions
The sonic drill program on the MacKay Lake
diamond prospect in the Northwest Territories has been cancelled
due to poor ice conditions and the premature closing of the ice
road. The drill was mobilized to the site along the winter road
connecting Yellowknife to the Diavik and Ekati minesites on March
17 and drilling started shortly thereafter. Eight drill holes
have been completed, sampling the lake bottom sediments on the
west edge of the drill grid. The winter road was officially closed
on March 21, two to three weeks ahead of schedule, due to extremely
warm temperatures. The option to continue the program and airlift
the drill from the Diavik minesite to Yellowknife was investigated
and rejected as the driller reported ice thicknesses in the drill
area approaching critical levels. The weather forecast projects
sun and warm temperatures for the next week. Travel at night
along the winter road is permitted for a limited period and it
has been decided to terminate the program and demobilize the
drill by surface transport.
ON BEHALF OF THE BOARD
OF DIRECTORS
Duane Poliquin, President
The Toronto Stock Exchange
has not reviewed nor accepted responsibility for the adequacy
or accuracy of the contents of this news release which has been
prepared by management. Statements contained in this news release
that are not historical facts are forward looking statements
as that term is defined in the private securities litigation
reform act of 1995. Such forward -looking statements are subject
to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
are detailed in the Company's filing with the Securities and
Exchange Commission.
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