Issue link: http://resourceworld.uberflip.com/i/759903
D E C E M B E R / J A N U A R Y 2 0 1 7 www.resourceworld.com 21 resource, announced January 26, 2015, of 4,018,000 carats of macro-diamonds at a 0.85 mm lower diamond cut-off, with an aver- age grade of 1.01 carats/tonne derived from 3,987,000 tonnes of kimberlite. The kimber- lites in the resource are exposed at surface and remain open to extension along strike and at depth. The average drill intercept at the Kahuna kimberlite was only 80 vertical metres; however, kimberlite has been inter- sected at vertical depths of greater than 120 metres and continues at depth. From the 2015 field program, high DIM counts were confirmed in tills immediately down-ice from all tested diamond-bearing dikes, confirming that diamond-bearing kimberlites are read- ily detectable. Identification of apparent strike-length extensions to drilled dia- mond-bearing dikes, including Kahuna, Notch, PST and 07KD-24 yielded an unprecedented 305 diamonds including seven commercial-sized diamonds from a drill core sample of 2.2 kilograms. All 118 of the company's till samples contained KIMs, with 78 containing dia- mond indicator minerals. The company followed up in summer 2016 with a 1,111 sample till program testing a broader swath of the property and designed to identify additional potential diamond sources across a much wider area. The 2015 till samples were also tested for gold and, combined with bedrock and historical drill cores, multiple targets were defined across the property. A total of 97 mineralized historical grab samples returned between 0.05 and 2.52 grams/tonne gold. Historical drilling targeting kimberlite encountered visible gold returning 7.24 g/t gold over 0.68 metres along strike extension to Agnico's adjacent Meliadine property. A property scale program is in prog- ress by management with further results expected in Q4 2016. 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 advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The informa- tion contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guarantee, repre- sentation 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 employ- ees may from time to time hold or transact in the securities mentioned. Barry can be reached at (604) 697-6172 or bmuir@haywood.com