KIM Report

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Hello, I am by no means an analyst, but have been learning a few things along the way, especially these trying past 8 months. I have no formal training in economics or trading, but do posses and BSc and MSc in geology and currently am working on my PhD, also in that field. The title of this blog refers to kimberlite indicator minerals (K.I.M.), which are dear to my heart as my focus of study is regarding diamonds, kimberlites, and their associated minerals. Aside from diamond companies, I also follow, and sometimes own a number of stocks in the precious metals, base metals, ferrous metals, gem, oil, and natural gas sectors. The aim of this blog is to reflect on the news and science regarding companies in these areas and there mineral deposits. Please see the main blog at www.kimreport.com where articles are posted usually a few days before they appear on Stockhouse.com. Have a pleasant read!

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• Promising Diamond Find by Metalex in Northern Ontario, Plus Grades from Chidliak and Movem

  
  
  335 Reads | 0 Comments | November 29, 2010
  
  

  Metalex Ventures Ltd. reported recovery of 800+ relatively coarse (0.425-0.85 mm) diamonds in part of a RC drill sample from the T1 kimberlite in the James Bay lowlands. The kimberlite is part of the Kyle Lake project and is 94.2% owned by MTX and 5.8% owned by Arctic Star Diamond Corp.:  TSX-ADD.The Kyle Lake project is near the ” Ring of Fire” chromium and PGE metals region of northern...

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• Peregrine Finds 1.15 Carat Diamond at Chidliak

  
  
  218 Reads | 0 Comments | November 8, 2010
  
  

  Peregrine Diamonds Ltd. added to their exceptional track record last week when they found a 1.15 c macrodiamond. It was in an 840 kg total microdiamond sample from the CH-31 kimberlitein the Chidliak project, Baffin Island, Nunavut. CH-31 is the largest kimberlite in terms of surface area (5 ha) in the Chidliak project that is a JV between PGD (49%) and BHP Billiton (51%).CH-31 is just the...

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• Stornoway Diamond Corp. Works to Expand Resources at Renard Project

  
  
  196 Reads | 0 Comments | October 25, 2010
  
  

  Last week, Stornoway Diamond Corporation released the results of their latest drilling program at their Renard project (part of the Foxtrot property) in central Quebec. The dimensions of three diamond-bearing kimberlite bodies were expanded beyond those expected by the previous models...For the entire article, please follow the this link to the original posting:http://www.kimreport.com...

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• Newsworthy Week For Canadian Diamond Companies

  
  
  162 Reads | 1 Comment | August 2, 2010
  
  

  It has been an exciting week thus far for the Canadian diamond industry. A few major news releases from junior Canadian diamond exploration companies has shown that the industry is climbing out of its stagnation from the past couple of years. A curious development in the Canadian diamond scene occurred with Shear Minerals‘announcement that they were purchasing 100% of the Jericho diamond mine...

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• Different Types of Diamonds at Fort à la Corne

  
  
  276 Reads | 0 Comments | July 15, 2010
  
  

  Early last month, Shore Gold (SGF) announced that a high proportion (26%) of diamonds >2.7 c retrieved from the underground bulk sample at its 100% owned Star kimberlite in Saskatchewan are type IIa. This is a category of diamond that is typical of many “large special” diamonds >10.8 carats in size.In terms of impurities in their crystal structure, diamond can substitute nitrogen (N...

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• Kimberlites and Diamonds of Western Canada

  
  
  178 Reads | 0 Comments | June 16, 2010
  
  

  This year’s GeoCanada conference and related workshops saw some attention to diamonds and kimberlites. Specifically those located in the western Canadian sedimentary basin (WCSB), covering Alberta and Saskatchewan.The two main kimberlite clusters in this region are the well-known Fort a la Corne (FalC), and the lesser known Buffalo Head Hills (BHH) occurrences. The former cluster is in...

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• Canadian Sapphire for Sale - TGX in Baffin Island

  
  
  245 Reads | 0 Comments | May 9, 2010
  
  

  After years of exploration and deposit evaluation. True North Gems Inc. has announced that they will sell a limited inventory of gem-quality sapphire from their Beluga property on Baffin Island, Nunavut. This inventory comprises polished gems (1.17 c example pictured below with an example of the ore material) accumulated from numerous sampling and processing programs.The gems will be...

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• Expansion of Drilling Program Leads to 1400% Jump in Renard’s NPV

  
  
  178 Reads | 1 Comment | April 27, 2010
  
  

  Stornoway Diamond Corp. released its updated preliminary assessment for its Renard project a few weeks ago. SWY owns 50% of the Foxtrot property with SOQUEM. Renard is one of three kimberlite occurrences on the property, with Lynx and Hibou being the other two. The bottom line of this report is an increase in the project’s NPV to CAN$885 million.The assessment incorporates and effectively...

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