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Talmora notes macrodiamond from Seahorse sample
2023-07-17 15:22 ET - News Release
Mr. Raymond Davies reports
TALMORA DIAMOND INC. - EXPLORATION UPDATE
Talmora Diamond Inc. has provided an exploration update. Results of recent further sample analyses from the Seahorse project, a 50/50 joint venture between the company and Olivut Resources Ltd., have become available.
The Saskatchewan Research Council (SRC) has reported the recovery of one macrodiamond from caustic fusion analysis of a beach-sand-heavy mineral concentrate sample weighing 1.8 kilograms (kg) taken proximal to the main Seahorse target. The macrodiamond has dimensions of approximately 1.9 millimetres (mm) by 1.4 mm and weighs 5.2628 milligrams (mg). The diamond is described as off-white, transparent, distorted, octahedral and having minor resorption, with inclusions and surface pitting.
In addition, Dr. Malcolm McCallum and associate, in laboratory facilities located in Loveland, Colo., have identified the crystal previously reported as looking like a diamond as a microdiamond (less than 0.5 mm) from the same 1.8 kg sample. Dr. McCallum's initial evaluation of this beach sand indicates that heavy minerals such as opaque oxides (rutile, pseudorutile, ilmenite, titanium magnetite and chromite), garnet of various compositions, rare earth element (REE) minerals (allanite, monazite), zircon, barite and hypersthene are concentrated in the less-than-one-millimetre fraction. In addition to elevated REE values, this beach sand also contains significantly elevated titanium oxide (TiO2), zirconium and barium in heavy mineral concentrates.
Also, two G-9 pyrope garnets and a picroilmenite were confirmed previously in this sample. The identification of a macrodiamond and a microdiamond, in addition to the previously reported geochemical results, from this relatively small sample is highly encouraging in the context of the sample's proximity to geophysical targets.
In light of these recent results, a field program will be expedited to sample in the vicinity of the main Seahorse target, as soon as possible. Logistical planning is under way. The program will include collection of a heavy mineral mini-bulk sample from the beach sands to recover kimberlite indicator minerals, including diamond and other heavy minerals. It is anticipated that additional caustic fusion analysis will be required.
Additionally, a staking program will be carried out during the current year to cover certain targets within the larger prospecting permit boundaries, as current legislation requires.
The company considers the Seahorse project to have the potential to host diamondiferous kimberlite bodies of significant size, and perhaps other mineral deposits, based on a combination of: the recent caustic fusion results; REE and TiO2 results; 2019 drill program results; favourable diamond stability indicator minerals found regionally and locally, including 15 macro and near macro diamonds found in regional stream samples to the west, and three in regional till samples down-ice to the north-northeast; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area.
Numerous targets are drill ready on the Horton project, in which the company has 100-per-cent interest. The scientific and technical portions of this news release were reviewed and approved by Alan W. Davies, PEng, who is the vice-president of exploration for Talmora Diamond, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.