Issue link: http://resourceworld.uberflip.com/i/492982
a p r i l / m a y 2 0 1 5 www.resourceworld.com 19 in the newest kimberlite locality in Canada. In the fall of that year, results from a 209 kg drill core sample yielded 745 diamonds. Twenty three of those were larger than 0.85 mm which is considered the threshold for commercial recov- ery. The total weight of the +0.85mm diamonds recovered from the sample was 0.2815 carats with a total recovery sample grade (+0.85mm) of 1.34 carats per tonne. 95% of the diamonds were intact, white octahedrons or aggregates. In February of this year, North Arrow Minerals announced the commencement of a 3,000-metre drill program at Pikoo to follow up on 2013 kimberlite discoveries and to test new targets defined by the 2014 till sampling program where 560 samples helped identify five new KIM trains of which two are well defined. At the time of writing, the company's shares were trading at approxi- mately $0.74 per share, giving North Arrow Minerals a market capitalization of approximately $40 million. The discovery was the catalyst for an online staking rush all around the Pikoo Project area. Some of the other companies that make up the Pikoo Diamond Camp are strike Diamond [SRK- TSXV], Alto Ventures [ATV-TSXV], Canadian International Minerals [CIN-TSXV], eagle Plains [EPL-TSXV], and GeM Oil Inc. Alto has defined at least three probable kimberlite indica- tor mineral dispersion trains on the GEFA property, adjacent to North Arrow's Pikoo diamond discovery. Airborne geophysics have just been completed. Just before press time, North Arrow reported the discovery of three more kimberlite occurrences at the Pikoo Project. n The above article was written by Barry Muir who is a registered Investment Adviser with Haywood Securities Inc. a Canadian based independent, full‐service investment firm and member of the Canadian Investor Protection Fund. The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advi- sors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The information contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guarantee, representation or warranty, expressed or implied, as to such information's accuracy or completeness. The views expressed are those of the author and not necessarily Haywood Securities Inc. All opinions and estimates contained in the reports are based on assumptions the author believes to be reasonable as of the dates of the reports but are subject to change without notice. Either the author, Haywood Securities Inc. or its employees may from time to time hold or transact in the secu- rities mentioned. Barry can be reached at (604) 697-6172 or bmuir@ haywood.com. The Star-Orion South Diamond Project Feasibility Study confirms that a world class diamond mine is feasible in Saskatchewan. • Probable Mineral Reserves of 279 million tonnes containing 34.4 million carats at a weighted price of US$242 per carat. • Inferred Mineral Resources 9.1 million carats. Considerable upside potential: • Target For Further Exploration estimated to include between 983 million and 1.17 billion tonnes of kimberlite containing between 52 and 90 million carats of diamonds. Positive decision on EIS from Federal Ministry of Environment received in December 2014.