Positioned roughly 400 km northwest of Edmonton, Buffalo Hills contains 21 mineral leases overlaying 48 sq. kilometres and is a big and accessible area of diamond-bearing kimberlites, with similarities to the Fort á la Corne kimberlites in Saskatchewan, the corporate stated.
In keeping with Canterra, this area hosts the third-largest district of diamond-bearing kimberlites in Canada, after Lac de Gras within the Northwest Territories and Fort à la Corne.
The property is situated within the Buffalo Hills kimberlite district, which comprises not less than 38 particular person kimberlite our bodies, of which 26 are diamond bearing and a lot of which outcrop at floor, it stated. Exploration on these kimberlites began in 1996, and small parcels of diamonds have been collected from numerous exploration applications on a lot of these thought-about most potential.
“In early 2023, we dusted off the file on this property and performed an examination of the present diamond parcel that was collected from a bulk pattern beforehand taken in 2010,” Star Diamond CEO Ewan Mason stated in a information launch.
“Our diamond specialist totally analyzed the diamonds and we have been astonished to search out not solely anomalous ranges of Sort IIa diamonds within the pattern but additionally a presence of fancy yellow diamonds (K6 yellow diamonds) with elevated modelled diamond costs.”
“It grew to become clear to us that additional work wanted to be accomplished and with a lot of pipes at floor we imagine {that a} bigger bulk pattern must be taken to find out how lots of the 38 pipes on the property could also be financial. Our plan can be to finally extract a bulk pattern and ship it to Fort à la Corne and run the pattern by means of our on-site bulk pattern plant,” he added.
In March, Star Diamond acquired Rio Tinto Exploration Canada’s 75% curiosity in Fort à la Corne, and now owns 100% of the venture. Final 12 months, the corporate selected the trademark “Kīwētin” (pronounced “kee-way-tin”), which means north wind within the Cree language, for its Fort à la Corne diamonds.