GREY:PGDIF - Post by User
Post by
oiltaron Feb 28, 2015 7:23am
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Post# 23475203
World Class
World ClassEkati Diavik are Canadas world class mines.
GK is also world class.
World class in my view is grade and value per ton
high grade diamond mines are very rare as we can see.
NAR SWY SGF are low grade deposits
WillP points this fact out. PGD is top in world class status:
Grenville Thomas's North Arrow Minerals Inc. (NAR) jumped 16 cents to 84 cents on 573,000 shares on early results from its 1,500-tonne bulk sample of the Q1-4 kimberlite at Qilalugaq, its diamond property 10 kilometres north of Repulse Bay in central Nunavut. The company has recovered 5,366 diamonds larger than a one-millimetre cut-off from 609 dry tonnes of kimberlite. The gems weighed 190 carats, or about 0.31 carat per tonne. That seems low, as North Arrow claims an inferred resource of 48.6 million tonnes averaging 0.54 carat per tonne, with an additional 14.1 million to 16.6 million tonnes at 0.56 carat per tonne listed as a target for further exploration. Ken Armstrong, president and CEO, is not fazed by the grade, which he describes as being "in line with expectations for the sampled area of the kimberlite." (North Arrow had been anticipating a lower grade, since it expected just 500 carats from its full 1,500-tonne test, about 0.33 carat per tonne.) The company's sampling site -- picked for its ease of access -- has a lower grade than elsewhere. North Arrow bases its higher grade projection on microdiamond results, which can be a risky practice.