Vancouver – Partners Shear Minerals (SRM-V), Stornoway Diamond (SWY-T) and BHP Billiton (BHP-N) are one-for-one in hitting kimberlites with this spring’s drilling on the Churchill diamond project in the Rankin Inlet region of Nunavut.
The first hole, drilled vertical, tested a circular magnetic high and associated electromagnetic (EM) anomaly intersecting kimberlite at about 12 metres depth.
The spring drilling program is testing high-priority lake-based geophysical targets in the Sedna and Josephine River corridors. Till sampling in the two areas returned anomalous kimberlitic indicator minerals with prospective diamond geochemistry.
This latest drilling program will continue through to the end of summer, shifting to land-based targets after the ice-melt.
The project is owned 51% by Shear Minerals, also the operator, 35% by Stornoway and 14% by BHP Billiton.
Since 2003, 25 kimberlites have been discovered on the Churchill and Churchill West projects with almost half being diamondiferous.
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