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Author: Admin | 2025-04-28
Targets will be drilled by the end of the first quarter of 2002. The area has been surveyed by airborne and ground geophysics. As well, Canabrava /Paramount/Kennecott expect to commence drilling northeast of Wawa in February 2002. Diamondiferous kimberlite boulder trains have been discovered and an airborne geophysical survey conducted. Final processing of strategically located till samples by Kennecott should be complete the end of January 2002.Highway 17 provides easy access to some diamond properties just north of Wawa. In October 2001, Kennecott entered into a joint venture agreement with Burlington, Ont.-based Band-Ore Resources Ltd., to earn a 70% interest in Band-Ore’s GQ property, 15 km north of Wawa. The most interesting of several diamondiferous zones on the property is the Engagement zone, discovered in March 2001, which has already returned 340 macrodiamonds from 406 kg of sample material, including a broken white octahedral weighing in at more than a quarter of a carat. A 930-kg sample from several zones is being processed at Kennecott’s diamond laboratory in Thunder Bay, and the results should be available by the end of January.On the 101-km2 Festival property immediately north of GQ, 100%-owner Pele Mountain Resources Inc. of Toronto has discovered a cluster of diamond-rich maar-like ultramafic volcanic complexes close to the GQ property boundary. The size of the zones and quality of stones indicate the potential for large tonnage and ore grade. These are believed to be the world’s oldest diamond deposits, at about 2.7 billion years.At no cost to Pele, De Beers Canada Exploration has agreed to recover and evaluate diamonds from a 100-tonne bulk sample from the Cristal complex on the Festival property. (Pele has not committed to future dealings with De Beers.) In mid-December, De Beers confirmed the presence of commercial-size diamonds. A quarter of the concentrate had been analyzed and yielded 29 diamonds weighing a total of 0.54 carat down to a lower cut-off of 1 mm; the rest of the concentrate will be analyzed early this year.With diamonds turning up in many parts of Ontario, you should think twice before going out in an electrical storm.
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