Diamonds recovered from the NW Snap Lake dyke on the Camsell Lake property have yielded the highest carat values ever reported in the Northwest Territories.
Three independent valuations were carried out in Antwerp, Belgium, on 226.72 carats of diamonds recovered from a 199.7-tonne mini-bulk sample of kimberlite. The average of these valuations is US$301.43 per carat.
The grade of those diamonds exceeding a square mesh size of approximately 1.2 mm is 1.14 carats per tonne, giving an average value of US$343.63 per tonne. The parcel of stones includes 21 diamonds greater than 1 carat in weight, with the three largest stones weighing 10.87, 8.63 and 6.03 carats.
Winspear Resources (WSP-V) currently holds a 57.3% interest in the Haywood project, which covers the Snap Lake and CL-25 areas of the Camsell Lake property. Upon completing the 1998 budgeted expenditures of $2.7 million, Winspear will have increased its interest to 68%. Aber Resources (ABZ-T) holds the balance.
The 199.7-tonne sample was collected from two surface pits spaced 235 metres apart on the NW dyke near the northwestern shore of the lake. The NW dyke is interpreted as a shallow, easterly dipping (12-15), sill-like kimberlite body extending beneath Snap Lake. The dyke, or sill, averages a thickness of 2.4 metres.
This body has been intersected by drilling over an interpreted strike length of 800 metres and a downdip length of 1,000 metres.
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