Victoria Island drilling hits dyke system

Diamonds North Resources (DDN-V) has intercepted multiple kimberlite dykes while drill-testing two targets at the Blue Ice property on Victoria Island in Nunavut.

Six separate intervals of kimberlite were hit in the first hole for a cumulative total of 15 metres. The second hole intersected three kimberlite units totalling 1.8 metres. In addition, Diamonds North tested the known Sand Piper kimberlite body with two holes. The first hole, collared along the fringe of the elongate body, encountered several kimberlite intercepts totalling about 5 metres. The second hole cut a much thicker 52 metres of uninterrupted kimberlite.

The Blue ice property covers about 809 sq. km and is wholly owned by Diamonds North.

A 10-hole program is planned for Blue Ice.

Elsewhere on Victoria Island, a 4-hole drill program funded by Hawkeye Gold International (HGO-V) on the Yankee property proved a bust. None of the holes encountered kimberlite, though one was terminated 50 metres short of its intended target, owing to deteriorating ice conditions. The Yankee property is held 50-50 by Hawkeye and Diamonds North.

Diamonds North is also the operator on the Hadley Bay project, in which Canabrava Diamond (CNB-V) can earn a half-interest by spending $5 million over four years.

This summer’s program, budgeted at $700,000, will include 10 drill holes. The project area covers 11,970 sq. km and is known to contain five diamondiferous kimberlite bodies, previously discovered by De Beers through the mid- to late 1990s. The joint venture plans to carry out additional drilling on all five kimberlites.