Vancouver — Calgary-based Shear Minerals (SRM-V) and partner Diamondex Resources (DSP-V) are reporting a high diamond count from the NIC2 kimberlite on the Aylmer Lake West property in the Northwest Territories.
A total of 27 diamonds were recovered by caustic fusion from a 4.85-kg core sample of kimberlite. Two of the diamonds were macrodiamonds (greater than 0.5 mm in one dimension). The remaining 25 were microdiamonds.
The Aylmer Lake West property is located 340 km northeast of Yellowknife and 95 km southeast of the Ekati Diamond mine. It consists of seven mining claims covering about 19,000 acres, including the diamondiferous kimberlite complex at Nicholas Bay.
“The discovery of additional kimberlite with high preliminary diamond counts from a small initial sample leads us to believe that higher-grade phases may be present within the larger kimberlite system, all of which are open in all directions,” says Pamela Strand, Shear Minerals’ president and CEO. “Our results demonstrate that additional kimberlites exist on the property, that the kimberlites could be present over a large area and that most of the kimberlite discovered so far is at a shallow depth below the surface.”
The NIC2 kimberlite has yet to be fully defined. However, the geophysical signature indicates that it runs sub-parallel to the Nicholas Bay Kimberlite complex. The Nicholas Bay kimberlite has yielded 1,180 diamonds, including 6 macrodiamonds, from a 127.7-kg sample.
Shear Minerals has earned a 49% interest in the Aylmer Lake property from Diamondex, the operator. Further exploration is expected to start in July. It will include prospecting, geophysics, further exploration and delineation drilling. Shear Minerals says several land-based geophysical targets remain to be drill-tested.
The company is exploring six diamond projects in Nunavut, the Northwest Territories, Alaska and Alberta.
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