Vancouver Partners Diamondex Resources (DSP-V) and Tyler Resources (TYS-V) have cut kimberlite on the eastern lobe of the CT-55 geophysical anomaly on the Carat diamond property, some 350 km northeast of Yellowknife, N.W.T.
Based on geophysics, the CT 55 kimberlite comprises two lobes with approximate overall dimensions of 200 metres by 100 metres. A third negative magnetic lobe, approximately 50 metres by 50 metres, adjoins the main CT 55 anomaly on the north.
Drill hole CT 16 tested the eastern lobe and cut crater facies kimberlite from 89 to 164 metres down-hole.
Hole CT 17 was drilled vertically into the centre of the eastern lobe and intersected crater facies kimberlite from 25 to 80 metres down-hole.
The northern and western lobes of the anomaly still have not been drill-tested. To date, 175 kg of kimberlite has been submitted for diamond analysis.
The partners are evaluating other geophysical anomalies on the property for drill-testing.
The new kimberlite lies 20 km northeast of the Sable pipe. The pipe was discovered by Dia Met Minerals and BHP, which is now BHP-Billiton (BHP-N), near their Ekati diamond mine.
Earlier this year, the discovery hole hit the kimberlite 33 metres down-hole and remained in the body to a depth of 70.1 metres before it was abandoned.
Diamondex holds 70% of the property. Tyler holds the remainder.
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