Kennecott Canada is two-for-two so far on the Legend property in northeastern Alberta. The Rio Tinto (RTP-N) subsidiary has intersected its second kimberlite body while drilling the Roc anomaly, the second geophysical target to be tested.
The kimberlite was encountered at a depth of 120.4 metres. The hole was still in the rock unit at a depth of 175.6 metres when it was shut down early as a result of difficult drilling conditions. Roc has a geophysical signature measuring about 200 by 200 metres.
Kennecott made its first kimberlite discovery on the property while drill-testing the Phoenix target. There, a 123.1-metre-long interval of kimberlite was intersected, beginning at a depth of 120.4 metres. The hole was terminated at a depth of 225.8 metres while still in kimberlite. The corresponding geophysical anomaly measures about 400 by 400 metres.
Microdiamond results from the Phoenix kimberlite are expected to be available by mid- or late-November.
Meanwhile, drilling is testing the Dragon target, which has a magnetic signature of 300 by 350 metres.
Owing to its success on the first two drill targets, Kennecott has expanded the current program beyond the initial three targets to include an additional seven targets: Wyvern (1,000 by 150 metres), Chimera (150 by 150 metres), Pegasus (400 by 300 metres), Griffin (400 by 400 metres), Xena (300 by 300 metres), Medusa (1,400 by 150 metres) and Legend (400 by 400 metres). These are all to be drilled before Dec. 1.
Follow-up ground magnetic geophysical surveys have been completed over these targets in preparation of drilling.
Kennecott can earn a 60% interest in the Legend property from owners Montello Resources (MEO-A) and Redwood Resources (RDW-A) by either advancing it to a production decision or spending $30 million on exploration over a 7-year period. Ownership is currently divided 70-30 between Montello and Redwood.
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