Diamond Discovery in Ontario, Canada

Strategic Insights -

A significant discovery has been made at the Laguerre-Knutson gold property in Ontario, Canada, operated by Globex Mining Enterprises Inc. A 2.214 mg macrodiamond, measuring 0.011 carats and described as a white, translucent fragment with graphite inclusions, was recovered from a 24 kg rock sample. This find is part of a larger effort by the Ontario government to stimulate mineral exploration in the Abitibi portion of Northeastern Ontario through the Discover Abitibi Initiative (DAI).

Key Takeaways:

  • The diamond was recovered from a small 24 kg rock sample (#GGDA0410) by SGS Lakefield Research Limited, using caustic dissolution of a biotite-rich lamprophyre dyke.
  • The diamond is a 2.214 mg macrodiamond, measuring 1.28 mm by 1.11 mm x 1.18 mm, and is described as white, translucent with graphite inclusions and significant cleavage.
  • The diamond was recovered as part of the Discover Abitibi Initiative (DAI), a government-funded program aimed at stimulating mineral exploration in the Abitibi region.
  • Globex Mining Enterprises Inc. has a significant gold-bearing zone, Laguerre Gold Zone, with underground workings to at least 300 meters vertically.
  • Additional claims acquired by Globex include the Raven River Gold Deposit, with a reported non-43-101 conformable 11 million ton resource of 0.05 oz/ton (1.7 g/t) gold.
  • The discovery is significant because it highlights the potential for diamond-bearing lamprophyres in the area, which Globex plans to further investigate.

Statistics:

  • 2.214 mg: the weight of the macrodiamond recovered.
  • 0.011 carats: the carat weight of the diamond fragment.
  • 348.85 meters: the total length of the 3-hole drill program conducted by Globex in September 2004.
  • 300 meters: the vertical extent of the Laguerre Gold Zone's underground workings.
  • 11 million tons: the reported resource size of the Raven River Gold Deposit.
  • 0.05 oz/ton (1.7 g/t): the reported gold grade of the Raven River Gold Deposit.

Sources:

  • CCNMatthews via COMTEX, October 17, 2005.
  • Ontario Geological Survey, Open File Report 6170, G.P.B. Grabowski and A.C. Wilson.
  • Globex Mining Enterprises Inc.
  • J.E. Jerome, Mine Manager and T.C. Holmes, geologist, 1939.