The Conversation (0)
North Arrow Minerals Inc. (TSXV:NAR) reported the final diamond recoveries from the Qilalugaq Diamond Project in Nunavut. Included in the recovered diamonds were 30 diamonds larger than the 3 grainer (~0.6 carat) size and 15 diamonds larger than 1 carat. The recoveries included 11,083 diamonds greater than +1 DTC with a weight of 384.28 carats from 1,353.37 dry tonnes of kimberlite for an overall sample grade of 28.4 carats per hundred tonnes.
As quoted in the press release:
Diamond recoveries from the sample have been compiled and include 11,083 diamonds greater than +1 DTC (~1 mm) weighing 384.28 carats from 1,353.37 dry tonnes of kimberlite for an overall sample grade of 28.4 cpht (carats per hundred tonnes). The recovered diamonds include 30 diamonds larger than the 3 grainer (~0.6 carat) size and 15 diamonds larger than 1 carat. Yellow diamonds, representing a range of hues and tones, comprise approximately 9.0% by stone count and 21.5% by carat weight of the +1 DTC diamonds recovered to date. The three largest diamonds recovered remain the 4.42, 4.16, and 3.53 carat diamonds reported in February, 2015 (please see news release dated February 26, 2015 for details).
North Arrow CEO, Ken Armstrong, said:
These final diamond results from the Q1-4 sample confirm earlier indications that the yellow diamond population in the Q1-4 kimberlite is significant and that the proportion of yellow diamonds increases, both by stone count and carat weight, as the diamonds move into the larger size classifications. We are also pleased to report that the diamond parcel has been shipped to Antwerp in preparation for the upcoming diamond valuation exercise. The purpose of the valuation will be to provide an indication of the value of the diamonds hosted within the Q1-4 kimberlite, and, if positive, could provide the basis for a preliminary economic assessment of a potential mine development at the Qilalugaq Project. It is important to note that this point source sample was not intended to confirm the overall diamond grade of the Q1-4 kimberlite. Diamond grade is best determined by the development of a good, spatially representative dataset generated through drilling, and plans are currently being developed for extensive follow up 2015/2016 drilling programs at the Qilalugaq Project. For further details about the Q1-4 inferred diamond resource, please refer to the NI 43-101 Technical Report dated May 13, 2013.
Click here to read the North Arrow Minerals Inc. (TSXV:NAR) press release
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