Drilling by partners Shear Minerals (SRM-V) and Northern Empire Minerals (NEM-V) has turned up two more kimberlite pipes on the Churchill project, north of Rankin Inlet in Nunavut.
Hole 9 tested a roughly circular magnetic high about 150 meters in diameter, and returned 53 metres of kimberlite to a depth of 106 metres. The pipe has been dubbed Kalluk-5.
Some 9 km to the northeast, on the Tuvaaq-1 kimberlite, hole 10, at a depth of 74 metres at presstime, was cutting kimberlite from a depth of 15 metres below surface. The hole is testing a coincident magnetic and electromagnetic anomaly about 125 metres in diameter.
The two new finds bring to 7 the number of kimberlite pipes discovered on the 6,070-sq.-km property.
Once hole 10 is completed, the drill rig will be moved to test another cluster of magnetic anomalies about 20 km away. The current drill program is designed to test at least 15 geophysical targets of the 217 geophysical targets identified so far. The partners plan to collect 100-150 kilograms of material from each hole for petrographic, indicator mineral and diamond analysis.
Shear operates, and has a 51% stake in the project. Northern Empire is earning a 35% interest by spending $750,000 on exploration; BHP Billiton (BHP-N) holds the remaining 14%.
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