Zimtu Capital Positive on Canadian Diamond Exploration

Zimtu Capital Corp. (TSXV:ZC) published a report on Canadian diamond exploration, commenting that overall its outlook for the sector is positive.

Highlights of the report include:

1. Rough Diamond Prices have rebounded strongly in the aftermath of the Global Financial Crisis as global mined production continues to decrease at a compound annual growth rate (CAGR) of 3.7 % since peaking in 2005.
2. The geological requirements for diamond formation have restricted the mined production of rough diamonds to a handful of countries. Canada has geopolitical, regulatory, and infrastructure advantages over other large producers for exploration enterprises.
3. In general, the reputation of Canadian diamond deposits – especially in the Slave district, NWT – is one of above average grades containing good quality gems. Zimtu expects Canadian diamond exploration to materially increase over the medium term time horizon.
4. Within the Zimtu portfolio, Arctic Star is currently conducting exploration drilling on their joint ventured Redemption Project in the Northwest Territories.

Click here to read the full Zimtu Capital Corp. (TSXV:ZC) press release.