CANADIAN MINING NEWS

 

SHE'S A LADY AND DIAMONDS ARE THIS GIRL'S BEST FRIEND

By R.A. Gilson - Canadian Mining News - June 13, 2001

The famed old Cobalt Camp has had many names since the discovery of silver in 1903:- THE CRADLE OF CANADIAN MINING, THE SILVER CAPITAL OF CANADA, THE POOR MAN'S MINING CAMP and the list goes on.

But today, on the eve of it's l00th Birthday, the old Town earned a new name, and if Diamonds are indeed a girl's best friend, you can call her a Lady! Yes, Tom Jones, She's a Lady and maybe we'll bring you to Cobalt to sing her praises for us in 2003!

Since 1983, Outcrop Explorations Limited with Head Office in the Township of Coleman has been a driving force of exploration in the Cobalt Camp. Since 1983, Outcrop has been one of the largest land barrons in the Cobalt area with property acquisition continuing on an almost daily basis.

Headed by a new breed of Prospector, Outcrop's President and CEO, R.A. (Ron) Gilson and his troops developed totally new concepts for the systematic prospecting and exploration of the Cobalt Camp.

All the old theories were thrown out the door and the Company refused to hire local Prospectors, Geologists and Mining Engineers with preconceived ideas on the Cobalt Camp.

It's also interesting to note that R.A. Gilson is the great nephew of Fred Larose, the blacksmith who helped found the town in 1903 with his silver strike!

Since 1983, the Camp hasn't unlocked any new secrets but that has helped us to get a handle on how the Cobalt Camp hides it's secrets and that factor helped us discover the diamond potential of the Cobalt Camp.

Instead of using the front door like so many exporationists before us, we came through the back door and low and behold, the mysteries began to unravel!

The Cobalt Camp is quite unique in having so many geological formations from as many different geological time zones. The silver-cobalt disposition that put the Cobalt Camp on the map is from one of the youngest rock formations in the area, with the new diamond discovery potential coming from the oldest rocks in the region. Still, another rock formation with a different age hosts the vast basemetal potential of the region that has brought many good Prospectors, Geologists and Mining Engineers to tears. It's here, it's there...but where is it?

Well, after spending 18 years working out the problems and finding the solutions, Outcrop is not about to give up any more secrets. We've clued you in, the rest is up to you or stand back and do nothing and watch Outcrop bring these properties into production, one mine at a time!

Outcrop Explorations Limited is a non-reporting issuer and is controlled by the Gilson Family, Relatives and Friends who have contributed funds for this project since 1983.

Outcrop Explorations Limited controls Boston Creek Mines Limited and Consolidated Professor Mines Limited with both subsidaries active in their own areas of interest, including the Cobalt Camp.

Today the rush is on to bring Cobalt's first diamond mine into production! Any bets on who it will be? Outcrop is betting there will be a diamond mine in production by 2003  but will say no more! 2003  is Cobalt's l00th Anniversary. Interesting!!!

Until next time.....

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