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Untapped Ekati Pipe May Hold 16M cts.
May 22, 2017 4:11 AM
By Rapaport News
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RAPAPORT... Dominion Diamond Corporation has discovered an estimated
16.3 million carats of diamonds in an undeveloped section of its Ekati mine in
Canada.
The miner recovered a parcel of 224 carats from about 680
tonnes of kimberlite at the Leslie pipe, its highest-priority area for
exploration at the mine complex, it said last week. Dominion projected an average
rough-diamond price of $85 per carat from the resource, which could potentially rise to $120
per carat.
The pipe is also promising because it lies close to the rest
of the Ekati mining infrastructure, the company added. So far, Dominion has not
taken the Leslie pipe’s production potential into account when calculating the
mine plan for Ekati.
“Our renewed focus on exploration is generating strong
results along the entire project pipeline, reflecting near-, mid- and
longer-term potential,” said Dominion chairman Jim Gowans.
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Tags:
Canada, Dominion, Dominion Diamond Corporation, ekati, Ekati mine, Jim Gowans, Leslie pipe, Rapaport News
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