NUNAVUT - Shear Minerals of Edmonton, AB, has offered a new resource estimate for the former Jericho diamond mine. The total inferred resource is 1.72 million tonnes containing 1.13 million ct, and the indicated resource is 1.77 million tonnes containing 1.88 million ct. These figures include material in the stockpiles as well as the kimberlite domains.
Shear intends to purchase the Jericho property developed by now-bankrupt Tahera Diamond Corp. (see CMJ Net News, July 25, 2010). More information is available at www.ShearMinerals.com.