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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Comment by cautious36on Jan 07, 2008 6:21pm
322 Views
Post# 14164315

RE: cautious could you interpret..

RE: cautious could you interpret..The most important thing to consider here is that these results are very preliminary. I'm hoping that there will be a more detailed description in the future of about the diamonds below the .3 mm mesh. The company has been quite consistant in saying since the initial discovery of last years kimberlites, to expect significant diamond loss using the reverse circulation drill. This drill is just a large hammer drill which produces mostly kimberlite powder. Undoubtedly there will be questions raised about the lack of larger stones. The key here (Rosetta stone?) will hopefully be the Char and Qaaviq kimberlites. This core drill should give a much more accurate sample result, as it should preserve most diamonds having not smashed the larger diamonds to pieces. The company did provide a comparison of the RC cuttings for Umingmac to the float sample received the previous year which did seem to support their arguemnt about losing the larger diamonds with the RC drill. The next thing to understand here is the quality of the diamonds themselves. Don't be fooled by talk of fancy coloured stones. The reality is that the less colour diamonds have, the better. The overwhelming majority of the diamonds received so far have been clear colourless octahedrals. This is remarkable, and if the bigger diamonds are the same would translate into very high diamond valuations. The point I'm trying to make here is that this is the kickoff, not the end of the game. There are as was pointed out 18 kimberlite samples to go. The overall size of these kimberlites is still a huge question which will not be answered until they core drill. My own belief is that this area is something very special, and I plan on being a shareholder for some time to come. GLTA I think patience here is still the key.
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