Resource World Magazine

Resource World - Feb-Mar 2016 - Vol 14 Iss 2

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34 www.resourceworld.com f e b r u a r y / m a r c h 2 0 1 6 Kelvin North lobe returned a grade of 3.55 carats/tonne of commer- cial-grade diamonds. Drilling to date and geophysical surveys have established a Kelvin/Faraday corridor expected to yield a resource with diamond grades in the range of 2-2.5 carats/t in some 13-16 million tonnes. Recent diamond values of parcels from a 443-tonne bulk sample ranged from US $56-$123/carat. A further 500-tonne bulk sample is planned for winter 2016 in order to provide a larger, more representative sample of the diamond population to allow for an acceptable valuation of diamonds for resource estimation and mine planning purposes. nunavuT The Qilalugaq Project, located 9 km north of Inuit community of Naujaat (Repulse Bay) on the Melville Peninsula, is owned by North Arrow minerals [NAR-TSXV; NHAWF-OTC], 80% and Stornoway Diamonds, 20%. Inferred mineral resources are 48.8 million tonnes grading 0.536 c/t with a total diamond content of 26.1 million carats. The Qilalugaq kimberlite surface area is large by northern Canada standards, estimated to be 12.5 hectares, and features a 9% population of yellow diamonds. The company has a second diamond project on Melville Peninsula – the Mel Project – that has delineated two unsourced kimberlite indicator mineral (KIM) trains containing a large population of pyrope and eclogitic garnets and ilmenite. The Chisliak Project is on South Baffin Island 120 km northeast of Iqaluit and represents the main diamond project of peregrine Diamonds [PGD-TSX]. Discovered in 2008, to date 71 kimberlites have been identified of which eight pipes are considered poten- tially economic. The majority of investigation has been directed to pipe Ch-6 with inferred resources of 8.57 million carats in 3.32 million tonnes grading 2.58 c/t. An additional 3.20-4.38 million tonnes of kimberlite classified as a target for further exploration has been identified at CH-6. A 1,013.5-carat parcel was model priced at US $162-$236/carat. Dunnedin Ventures [DVI-TSXV] is exploring the advanced stage, high-grade Kahuna diamond project near Rankin Inlet, Nunavut. To date, three diamondiferous kimberlite dikes – the It's where you'll find Dominion Diamond, Canada's largest independent diamond producer. Look North. 2473 _ DDC _ Resource World _ 3.6" x 4.7"_colour _16/02/02 PRINT www.ddcorp.ca The main camp at Dominion Diamond's Ekati Mine located about 300 km northeast of Yellowknife, Northwest Territories. Photo courtesy Dominion Diamond Corp.

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