An agreement with
Kennecott, which is a unit of
To date, Band-Ore has recovered 13,000 diamonds from the 39-sq.-km property. More than 92% of the stones were extracted from the Engagement zone, which has been exposed by stripping and trenching along a length of 325 metres and across a width of 85 metres. Boulders displaying similar characteristics were recovered 300 metres to the northwest.
Band-Ore has made another discovery 100 metres northeast of Engagement. So far, 12 microdiamonds (stones with no dimensions greater than 0.5 mm) have been recovered from the area.
Additional samples have been taken from the Engagement zone and other areas of the property. Results are pending.
As part of the agreement, Kenneccott must spend at least $500,000 in the first year and $750,000 in each of the following years. Initial plans call for the extraction of several large samples, including a 100-tonne bulk sample.
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