The Statement for our Skyline investorsHere is the majority of the statement that I have....the stuff that I cut off is the just about the location of the property. Note the part about 720 carat diamond!!!!
The more i read & think about this statement the more i'm convinced that this is going to be very big.
Iciena Ventures Inc. ( the company) is an exploration and mineral development company listed on the Canadian TSX Ventures Exchange (symbol IIE: TSX-V) with a commanding 175,000 hectare property positioned in the Paranatinga diamond kimberlite field of Brazil that contains more than 40 known kimberlite pipes. The company acquired a 100% interest in Mineracao Sucunduri Ltd, a Brazilian private company that owned the Paranatinga Diamond project in west Central Brazil. The company also holds an undivided 20% interest in more that 180,000 hectares in the Batovi Property controlled by Chuck Fipke which adjoins the company’s Paranatinga Property. Dr. Fipke acquired his interest in the Batovi Property in March 2002 and has been conducting extensive proprietary mineral chemistry research on diamonds and the indicator minerals collected from the drainages in the district.
Recent unpublished results from the Fipke Research on chrome diopside mineral grains indicate that the chemical conditions to grow diamonds of greater than 100 carats in size exists in kimberlites that are near where the mineral grains were collected. A sample of 221 diamonds, collected from the property by Fipke, exhibit pristine or near-pristine surfaces, suggesting a local source for the significant number of alluvial diamonds found on the claims.
More interesting is Dr. Fipke’s discovery of group 1 eclogitic garnets, indicator minerals that grow with diamonds, in two of the initial heavy mineral samples he collected. Group 1 eclogitic garnets characterize some of the largest diamonds mines in the world, such as De Beer’s Opara mine in Botswana, the Robert Victor and Bobbejaan mines in South Africa, the Zagadochnaya mine in Russia, and Diamond Works’ Koidu mine in Sierra Leone.
C.F. Mineral Research Ltd., the laboratory Dr. Fipke founded in his pursuit of the Ekati diamond mine, has developed state-of-the-art proprietary technology, enabling it to accurately distinguish group 1 eclogitic garnets from other eclogitic garnets, such as megacrysts and group 2 eclogitic garnets, which do not grow with diamonds. This technology was unavailable to the companies previously working in the area.
“We have the advantage of much more sophisticated technology than we used to find Ekati,” says Dr. Fipke. “Not to mention the benefit of the data from the previous work has been done. This is a strong shortcut to an advanced project and the basis for a new investment. This is an area with very high potential for undiscovered primary diamond deposits”.
The company’s exploration activities were initiated on the Paranatinga Property in October 2003 utilizing Mineracao Sucunduri ltd as the project operator. Preliminary commenced with an airborne magnetic survey being flown followed by the rapid deployment of a reverse circular drill to test a myriad of targets commensurate with the magnetic signatures of the kimberlite pipes. The program met with early success as the first two drill holes penetrated into kimberlite rock in two proximal but mutually exclusive targets separated by 700m. Microprobe Analyses of members of the diamond indicator mineral suite extracted from the drill holes proved a suite G9 type garnets that may contain metasomatized G10 garnets. The presence of G10 type Garnets is statistically indicative a kimberlite host passed through a diamond stability field that may have captured diamonds that might have been preserved during the kimberlite ascent towards the surface.
The first diamonds in the Paranatinga district were discovered in 1958 near the Botovi River (W54.1010` S13.8188`). Alluvial diamond mining by garimpeiros (artisan) miners was at its peak on the headwaters of the Rio Paranatinga during the early 1960’s. The garimpeiro camp at the time became the site of the town of Paranatinga, Brazil.
Gem diamonds larger that 50 carats were reported discovered monthly during that time. Gems up to 245 carats have been reported from the upper Batovi River gravel, and unofficial reports from local miners indicated one stone of 720 carats was recovered in 1969. The average value of the diamonds from this area is reported at $94.00 per caret.