Issue link: http://resourceworld.uberflip.com/i/638235
32 www.resourceworld.com f e b r u a r y / m a r c h 2 0 1 6 largest diamond ever mined in Canada. The Snap Lake deposit is unique in that it is an underground operation directed at an inclined dike or sill rather than the conventional open pit like a majority of diamond mines worldwide. The dike aver- ages 2.5 metres thick and dips 12 to 15 degrees northwesterly. The mine produces 1.4 million carats/year from ores grad- ing 1.2 c/t. Located 220 km northeast of Yellowknife and accessed by the ice road in the winter and by air year round, it is 100%-owned by De Beers Canada. In December 2015, De Beers put Snap Lake on temporary care and maintenance. ontario: The Victor Mine (owned 100% by De Beers Canada) is the province's first and only producing mine and is located in the James Bay Lowlands of Northern Ontario, 90 km west of Attawapiskat and is accessed by a 400 km winter road. The mine produces 650,000 carats/year from ores grading about 0.23 c/t. When put into production in 2008, it had a mine life of 10 years at a 2.7 million tpy milling rate. With a cluster of some 15 defined kim- berlites, an Environmental Assessment and technical studies are underway to evaluate the nearby Tango Extension kimberlite and extend the mine life of the property. develoPing mines The two projects with production sched- uled for commissioning in the second half of 2016 with full production in 2017 are Gahcho Kué in the NWT and Renard in Québec. Gahcho Kué (a joint venture between De Beers canada, 51%, and mountain province Diamonds [MPV-TSX; MDM- NASDAQ], 49%) is located 280 km northeast of Yellowknife and serviced, like its three neighbouring mines, by a con- nection to the Lac de Gras ice road during winter. The project consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 c/t for a total diamond content of 55.5 million car- ats. Whereas the Phase I mine plan will focus on recovery of diamonds from those reserves over an estimated 12 years, a Phase II plan will focus on developing inferred resources of 11.3 million tonnes grading 1.64 c/t that is expected to yield a fur- ther 18.4 million carats over an additional five years. As stated in the January 2016 Mountain Province Corporate Presentation, a Phase III plan will tackle development of a deeper part of the Tuzo pipe, extending total mine life to a potential 20 years. Other targets exist on the property including a fourth diamond-bearing kim- berlite, Tesla, which has indeterminate resources but is expected to yield a viable deposit to be mined in the future along with the deep extensions of the 5034 and Hearne kimberlites, making this project one of the largest diamond mines globally under construction and one of Canada's major high-grade and expected long lived mines. Plant construction is estimated to be com- pleted in March 2016, with commissioning to start and full-scale commercial produc- tion beginning in the second half of 2016. This is our backyard… 35+ years of geological, geophysical and exploration services in some of the most remote places on earth. Go ahead – pick our brains aurorageosciences.com Kennady Diamonds – Kennady North Project – Kelvin Kimberlite DYNASTY GOLD CORP. TSX.V: DYG Please Visit Booth #2832 March 2016 PDAC. For more information: ichong@dynastygoldcorp.com Tel: (604) 633-2100 • Exploring for gold along the prolific Carlin Trend in Nevada, USA • Owns 70% interest in a 536,000 oz gold resource in the Xinjiang province of China* • Seeking producing assets with strong shareholder support * Currently in dispute with a state-owned company in China. www.dynastygoldcorp.com