Following up on promising kimberlite indicator mineral chemistry,
Last fall, the company staked a large block of claims covering 1,693 sq. km, about 45 km south of Kugaaruk (formerly known as Pelly Bay) and 320 km southwest of
Outside of the wholly owned central core block, Diamonds North has teamed with the Canadian diamond exploration division of
The land within the joint venture covers several anomalous areas, based on sampling conducted independently by Diamonds North and BHP.
Diamonds North will launch an airborne geophysical survey over high-priority areas on its wholly owned property, with sampling and prospecting to follow.
Other companies with ground in the surrounding area include De Beers Canada Exploration, a division of South Africa’s
In early February, the Nunavut Mining Recorder issued a record 1,518 prospecting permits covering 64 million acres (259,000 sq. km) across Canada’s Far North. Among the big winners was the Canadian exploration arm of De Beers, which tied up more 28 million acres (113,535 sq. km) of new permits. In addition, BHP Billiton Diamonds acquired 16.4 million acres (66,190 sq. km), Stornoway added 5.5 million acres (22,298 sq. km) to its holdings, and Kennecott Canada Exploration picked up (8,406 sq. km).
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