North of 60 Mining News - The mining newspaper for Alaska and Canada's North

North Arrow Minerals Inc. May 5 reported final diamond recoveries from a bulk sample collected from the Q1-4 kimberlite at the Qilalugaq Diamond Project bulk sample in Nunavut.

Diamond recoveries from the sample include 11,083 diamonds greater than +1 DTC (roughly 1 millimeter) weighing 384.28 carats from 1,353.37 dry metric tons of kimberlite for an overall sample grade of 28.4 carats per hundred metric tons.

The recovered diamonds include 30 larger than three grainer (roughly 0.6 carats) and 15 larger than 1 carat.

Yellow diamonds comprise roughly 9 percent by stone count and 21.5 percent by carat weight of the +1 DTC diamonds recovered to date.

The three largest diamonds recovered remain the 4.42-, 4.16-, and 3.53-carat diamonds reported in February.

The diamonds will now undergo valuation in Antwerp Belgium.

"The purpose of the valuation will be to provide an indication of the value of the diamonds hosted within the Q1-4 kimberlite, and, if positive, could provide the basis for a preliminary economic assessment of a potential mine development at the Qilalugaq Project," said North Arrow CEO Ken Armstrong.

North Arrow is earning an 80 percent interest in the Qilalugaq Diamond Project from Stornoway Diamonds Corp., subject to a one-time back-in right held by Stornoway, by collecting and processing the current bulk sample.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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