CEO’s - Ken Armstrong, President and CEO of North Arrow, commented, “These initial diamond results from the 2021 bulk sample confirm the presence of an important, potentially high value, fancy orange and yellow diamond population in the Q1-4 kimberlite and add significant confidence to past results. The significant proportion of fancy colour diamonds in the sample is positive and will provide important information needed to complete ongoing modelling of the size distributions of fancy diamonds in the Q1-4 deposit and will be used in an updated average diamond price estimate in due course.”
Peter Ravenscroft, Managing Director and CEO of Burgundy Diamond Mines Limited (ASX: BDM), North Arrow’s partner on the project, added, “We are very pleased with the results so far of this bulk sampling program, extremely well managed by our partners at North Arrow. Initial indications are very promising, and we look forward to completion of the processing and the subsequent analysis of all results when available.”