 |
|
|
|
|
| Location: |
South Slave, Northwest Territories |
| Est. Size: |
63,000 Acres |
| Ownership: |
Kidme 1
60% SouthernEra Diamonds Inc
40% Diamonds North |
| Opportunity: |
Discovery of new kimberlites adjacent to a proven diamond deposit |
The Kidme property is located 20 kilometres south along trend of the Gahcho Kue deposit, which De Beers Canada Inc. and its joint venture partners have estimated holds a diamond resource of over US$3 billion.
In 2002, Diamonds North acquired the rights to a 40% interest in the Kidme property while the claims were subject to a long-standing property dispute. In May 2003, the dispute was settled in favour of joint venture partners Diamonds North and SouthernEra Diamonds Inc. The dispute resulted in the Kidme project being one of the only properties adjacent to a potential diamond mine, and it remains under explored.
The 2005 exploration program consisted of approximately 100 line kilometres of ground geophysics that included magnetic, HLEM and gravity surveys over 18 airborne targets, as well as the collection of approximately 100 till samples.
In 2006 additional geophysics and one drill hole was completed on the property. SoutherEra continues to ace as operator of the project.
|
|
|
|
