Kelowna-based Dia Met Minerals (VSE) has discovered a gem- quality macrodiamond and a cubic microdiamond within one of the company’s joint venture claim groups. Dia Met director Charles Fipke only identifes the location of the find as somewhere in Canada.
The diamonds, one of which is 0.85 mm in diameter, are thought to be derived from the erosion of an unexposed kimberlite pipe. Along with the valuable stones, samples from the property contain numerous indicator minerals.
Dia Met recently entered into a joint venture agreement with BHP- Utah Mines, a unit of BHP-Utah Minerals International to explore several diamond properties. BHP- Utah can earn a 51% interest in the claims by spending US$500,000 by May 31, 1991, and at least US$1-million every year thereafter to continue the option.
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