Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint venture have approved a $5.2 million evaluation program for the large 141/140 kimberlite.
A 889.8-tonne mini-bulk sample collected during the 2001 program produced 463 macrodiamonds having a combined weight of 41.85 carats from kimberlite bodies 141 and 150.Highlighting the program was a 3.35-carat stone.
Planned is a program of 25 core holes over the thicker portion of the kimberlite. Ten large diameter holes will be sunk to gather a mini-bulk sample to increase the confidence in grade forecasts, valuation, and revenue modeling.
Drilling will begin the first week of September.
Also planned for the balance of the year are further metallurgical studies and modelling.
The diamondiferous 141/140 body lies on the Fort la Corne joint-venture property, which is held 42.25% each by Kensington Resources (KRT-V) and South African giant De Beers. Cameco (CCO-T) holds 5.5% and UEM is carried with a 10% stake. UEM, in turn, is owned 50-50 by Cameco and Cogema Resources.
Kimberlites 140 and 141 were originally thought to be separate bodies; however, based on the results of the 2001 delineation drilling, the pair are now believed to form a single body containing some 932 million tonnes.
The Fort la Corne kimberlites lie beneath 75-150 metres of unconsolidated overburden cover and have no surface expression.
Be the first to comment on "$5.2 m set for Fort la Corne"