Bulk Sample at SequoiaADD is waiting for the spring drill results this week before Mgmt makes a decision on the bulk sample they are proposing to complete. Apparently, will have to wait for a lake to freeze over before drill crew can collect the bulk sample, and yes it is an expensive and time comsuming proposition to analyze a bulk sample - size dependant.
" Chuck Fipke, looking at the chemistry of the indictor minerals from Sequoia independently noted the abundance of Clinopyroxene and garnets with the unique chemistry found with large >50ct Clear gems and that these indicators are good predictors of the presence of these Gems.
The Ekati 182 ct Gem to date shows the Lac De Gras field has a population of these stones.
The only reliable way to determine the population of diamonds and their average price ($/ct) is to take a large >1000 carat bulk sample. This could occur in 2023 given the results from the Spring 2022 program are encouraging". (Source- Corporate Presentation Powerpoint - Slide 16).
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