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DIAMOND EXPLORATION NEWS New Dyke is Diamondiferous

LUPIN, Nunavut The new kimberlite dyke discovered last summer on TAHERA CORP.'s Jericho claims is diamondiferous,...


LUPIN, Nunavut The new kimberlite dyke discovered last summer on TAHERA CORP.’s Jericho claims is diamondiferous, the company has confirmed. The new pipe occurs in the Bird Lake area, 9 km south of the Jericho pipe. The dyke has an inferred width of between 0.6-1.0 metre, but only about 20 metres have been drilled along strike. Five diamonds were recovered from a 7.6-kg kimberlite sample.

Tahera is developing the Jericho kimberlite for commercial production in 2005. It is located about 25 km from the Lupin gold mine (where mining is currently suspended). Open pit mining is planned for the first four years, and underground mining for a further four years. Diamonds will be recovered in a dense medium separation plant on site.

Tahera’s latest corporate presentation (Sept. 2003) is available at www.tahera.com. The Nunavut Impact Review Board has set Dec. 1-5, 2003, as the dates of the Jericho diamond project final public hearings to be held in Cambridge Bay, Kugluktuk and Gjoa Haven.


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