Aurogin can earn a 50% interest in the properties from Morrison Minerals (COATS) by drilling one hole on each target, and 1,000 ft of follow-up drilling on those confirmed as kimberlitic.
The company is testing a cluster of magnetic anomalies it believes may host potential kimberlite pipes. Kimberlite is an ultramafic intrusive and an important host rock of diamonds.
The area being drilled is situated north of Kirkland Lake, Ont., and south of James Bay within the regional apex of a glacial dispersion fan and a postulated source of diamonds.
David Rogers, vice-president of Aurogin, says each magnetic anomaly will be tested by at least one vertical NQ-size drill hole. The helicopter-supported program will test several targets separated by a number of miles.
“Although the anomalies could represent syenite intrusives containing magnetite, we hope the drill program will show them to be kimberlites,” he says.
Initial drilling is expected to reach completion by the end of March.
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