Diamond News Archives

Join Mike Maloney as he takes a look at the recent actions of several governments in regard to trade tariffs. Is this a case of ‘an eye for an eye makes the whole world blind’?

Source: James Kwantes for Streetwise Reports   06/04/2018

James Kwantes, editor of Resource Opportunities, speaks with Ken Armstrong, the CEO of one of the more active diamond companies globally.

Vancouver-based North Arrow Minerals Inc. (NAR:TSX.V) is one of the more active diamond exploration companies globally, with a portfolio of projects focused on Canada. Its most advanced-stage project is the large Naujaat deposit in Nunavut, which has a resource and hosts a population of valuable fancy orange yellow diamonds.

But this season's focus is on exploration drilling at the Mel and Loki projects in Nunavut and the Northwest Territories, respectively. Mel was a grassroots diamond discovery that North Arrow announced late last year. The company traced kimberlite indicator mineral (KIM) trains up-ice and made a prospecting discovery of kimberlite, from which 23 microdiamonds were recovered from a 62.1-kg sample. The first drilling program on the property is planned for this summer.

The Loki project is in the Lac de Gras diamond field that hosts the Diavik and Ekati mines. The focus there is EG05, a kimberlite that Rio Tinto discovered, and 465, a kimberlite discovered by North Arrow in the spring. The latter was the first kimberlite discovery in Lac de Gras in the past five years. It's familiar terrain for the North Arrow team, including chairman Gren Thomas whose Aber Resources discovered the Diavik diamond mine.

Rough diamond prices are now at a 52-week high and demand for polished diamonds is strong in China, India and the U.S., according to New York-based diamond analyst Paul Zimnisky. On the production side, pending mine closures including Argyle and Victor will put pressure on supply, with few new operations coming online.

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In this video Dan Dicks of Press For Truth speaks with Dr. Ron Paul of The Liberty Report to get his views on the coming dollar crash, the idea of a cashless society, cryptocurrencies as a potential hedge.

The crash of the dollar is not a matter of if…but when! The modus operandi for the inner cabal of the global elite is and always has been to provide order out of chaos…sometimes the chaos happen organically and sometimes it has to be created. Money has always been used as their greatest mechanism for control ever since the introduction of usury in the ancient world....

ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) is pleased to announce the commencement of drilling at its 1,700 km2 Rackla Gold Property in east-central Yukon.

The previously announced, ~20,000 m diamond drill program will include: ~10,000 m at the high-grade, Carlin-type Osiris Project; and ~10,000 m at the Carlin-type Orion Project funded by Barrick Gold Corp. (“Barrick”) under an exploration partnership.

ATAC’s technical team is operating two diamond drill rigs on the Conrad Zone at the wholly-owned Osiris Project, while an additional two diamond drill rigs are targeting the Anubis Fault corridor at the Orion Project; which is subject to an earn-in agreement wherein Barrick can acquire a 70% interest for total expenditures of $55 million. A fifth diamond drill is scheduled to commence drilling within the next few weeks.

Prior to the Barrick earn-in agreement, ATAC completed ~3,200 m of diamond drilling within the Anubis Fault corridor, and highlights include: 8.51 m of 19.85 g/t gold from the Anubis Zone and 61.29 m of 2.75 g/t gold from the Orion Zone.

The Rackla Gold Property – 2018 Objectives

• Barrick funded discovery drilling on high-priority gold targets at the Orion Project;
• ATAC funded step-out drilling from significant 2017 results, including: 50 m of 20.78 g/t gold at theConrad Zone; and 15.24 m of 13.52 g/t gold at the Sunrise Zone; and,
• Diamond drilling to extend stratigraphically-controlled mineralization at the Osiris Zone.

“We’re excited to have five diamond drill rigs running on the largest exploration program at Rackla in roughly six years,” commented ATAC president and CEO Graham Downs. “ATAC is anticipating an exciting field season, with drilling at the Osiris Project focused on expanding known high-grade gold zones, while Barrick targets gold discovery...