Initial results of till sampling have revealed highly anomalous kimberlite indicator minerals at the Kikerk Lake diamond project in the Northwest Territories.
Condor International Resource (COD-V) reports that, so far, 20 of 75 till samples collected last year from the Hunter East block have been processed, and that two of the samples were found to contain the highest values of kimberlite indicator minerals yet identified on the property. One sample contained 2,000 such minerals.
Both of the anomalous samples are considered to have been recovered from near a kimberlite pipe, since many of the indicator minerals appear to be adhered with kimberlite alteration rinds or kimberlite material.
Condor says results from the remaining 55 samples will be crucial to directing this year’s exploration program, which is expected to consist of infill till sampling and ground geophysics, followed by diamond drilling Since 1995, Condor has identified four discrete trains of kimberlite indicator minerals on the Kikerk Lake project, which lies 500 km north of Yellowknife. The project comprises three properties — Hunter East, Hunter West and Cascares — representing a total area of 237,000 acres.
Condor can acquire a half-interest in the project from Caledonia Mining (CAL-T) by spending $700,000 on exploration.
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