Forest Gate Engages Drillers at East Side

November 12, 2003 - Montreal, Qc - Forest Gate Resources Inc. reports that it has engaged drilling contractors, Boart Longyear Inc., North Bay, to execute a five-hole drilling program on its Dizzy kimberlite on its East Side diamond property in Fort a la Corne, Saskatchewan.

Boart Longyear, who have been the De Beers-Kensington joint venture drilling contractors of choice, have told Forest Gate that they expect to begin drilling 350 metre deep NQ holes (approx. 47.6 mm in diameter) into the Dizzy kimberlite within the next two weeks. The primary purpose of the drilling is to begin to outline the size of the kimberlite body.

Gravity and ground magnetic surveys over the Dizzy kimberlite suggest that the kimberlite may be as much as 100 metres thick, although drilling to date has only sampled the top 23 metres. Modeling indicates that the Dizzy kimberlite footprint is probably around 250 metres in diameter (about 5 hectares in area) consisting of both magnetic and non-magnetic kimberlite.

In September, Forest Gate identified a new anomaly straddling the southern border of its East Side property and the adjacent property held by Shore Gold Inc. Modeling suggests that this feature, if caused by kimberlite could be as large as 600 metres north-south by 400 metres east-west. A recently commissioned aeromagnetic survey on the rest of the East Side diamond property identified five other weakly magnetic features, which may be kimberlitic.