Vancouver — Partners Diamondex Resources (DSP-V) and Tyler Resources (TYS-V) have approved a $860,000 summer exploration program on the Carat diamond property, some 350 km northeast of Yellowknife.
The activities will centre on evaluating the new kimberlite body cut by the companies while they drill-tested the CT-55 geophysical anomaly.
The newly discovered body lies 20 km northeast of the Sable pipe, which was discovered by the BHP (BHP-N)-Dia Met Minerals joint venture, near the Ekati diamond mine.
The discovery hole was inclined at 45 and hit the kimberlite 33 metres down-hole. It remained in the body to a depth of 70.1 metres before the hole was abandoned due to poor drilling conditions.
The drill program is part of the summer program, which is aimed at evaluating 15 targets.
Diamondex holds 70% of the property. Tyler’s stake is 30%.
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