Preliminary results from Tahera‘s (TAH-T) newly discovered Anuri kimberlite pipe at the Rockinghorse property in Nunavut indicate that it is “significantly diamondiferous.”
Work at the property is being carried out under a joint venture between Tahera and Rio Tinto (RTP-N) subsidiary Kennecott Canada Exploration.
The acting operator, Kennecott, can earn a 62.5% interest in the property by funding all costs leading up to a positive production decision.
A 489-kg sample of Anuri kimberlite was processed by caustic fusion at Kennecott’s diamond laboratory in Thunder Bay, Ont. It returned a total of 730 diamonds, of which 47 were greater than 0.5 mm. The quality was not described.
Tahera’s second-quarter results chalked up a net loss of $838,000 (0.3 per share) compared to a net loss of $1 million (0.6 per share) during the same period last year.
Meanwhile, 120 km southwest of Rockinghorse at its Jericho diamond properties, Tahera has mobilized to carry out an extensive program of regional and follow-up till sampling and geophysical surveying. A portable drill rig will be used to quickly test any kimberlite targets identified.
The junior also continues to seek regulatory approval to develop a mine at Jericho. An initial environmental impact study has already been completed.
Tahera hopes to have completed the regulatory process by the second quarter of 2002 so that commercial mining can take place as early as 2004.
This year, Tahera has made three high-profile additions to its board of directors — Hugo Dummett of Ekati fame, Australian promoter Joseph Gutnick and former CRA geologist Stephan Meyer.
Be the first to comment on "More diamonds for partners at Anuri"