North Arrow Minerals Inc. (TSXV:NAR) has commenced its bulk sampling program at the Qilalugaq Diamond Project located near the hamlet of Repulse Bay, orNaujaat, in Nunavut. The goal for the program is to recover a diamond parcel of roughly 500 carats in order to determine an initial value estimate for the diamonds in the Q1-4 kimberlite. North Arrow is currently funding the bulk sampling program as part of an option agreement with Stornoway Diamond Corporation (TSX:SWY).
As quoted in the press release:
The 2014 program will include the collection of approximately 1,500 tonnes from the 12.5 hectare Q1-4 kimberlite, located seven kilometres from tidewater on the Arctic Ocean and nine kilometres from Repulse Bay. The sample is being collected by surface trenching of an area of Q1-4 where there is limited (<1m) overburden cover. In 2007, Stornoway collected (from hand dug pits) a 20.3 tonne sample from this same area and recovered 6.1 carats of diamonds for a sample grade of 30 cpht. The 2014 sample will be shipped south in late August using the annual sealift from Repulse Bay and sample processing is expected to commence in early October. The sample will be processed for the recovery of commercial sized (+0.85 mm) diamonds and the resulting diamond parcel will be used to better determine diamond grade, size distribution, diamond parcel value and to establish whether or not fancy yellow diamonds persist into the larger diamond sizes.