NUNAVUT – Toronto-based TAHERA DIAMOND CORP. is making plans for a large-scale evaluation program of its Muskox kimberlite, which lies within trucking distance of the company’s Jericho diamond mine development project. Evaluation will begin in 2006 with the goal of outlining a mineral resource estimate over the following 24 months. The program will include delineation drilling and bulk sampling. An environmental baseline study will be conducted at the same time.
Tahera’s efforts will earn it a 50-70% interest in the Muskox kimberlite, the balance being held by DE BEERS CANADA EXPLORATION.
The Muskox kimberlite consists of two units, the hypabyssal MKU-A unit and the volcaniclastic MKU-B unit. The most recent 943-kg sample of the MKU-A unit returned more than 30,000 stones greater than 0.075 mm. The 2,749-kg sample from MKU-B returned more than 42,000 stones greater than 0.075 mm. Tahera says that over 95% of the stones recovered have been described as transparent or translucent. Colourless stones make up 61% of the parcel, and pink stones have been observed.
Production from the Jericho diamond mine is planned for the end of the first quarter 2006. A collection of photos detailing its construction is posted at www.Tahera.ca.