CH12 Kimberlite (PHASE 4)

CH-12 Kimberlite

This kimberlite was found via surface prospecting during the 2009 summer exploration season.
It was determined to be diamondiferous.

Further core drilling on CH-12 occurred in 2010.
2 core drill holes (312 m) were completed in 2010 as well as 4 RC holes (119 m).

This kimberlite is considered to have a coarse distribution.

Caustic results are available in this press release -- March 3 2011

This kimberlite has a surface expression of at least 0.5 hectares and has at least 2 phases of kimberlite contained within.

From the press release:

"CH-12 has an estimated surface expression of 0.5 hectares and is interpreted to consist of at least two phases of kimberlite. One phase is grain-supported and is interpreted to be volcaniclastic ("VK") in origin, containing 40 to 50 percent coarse olivine (up to 15 mm), abundant kimberlite indicator minerals and mantle xenoliths. Paleozoic limestone fragments were also observed. The other phase of kimberlite is interpreted as being magmatic in origin ("MK") with approximately five to ten percent olivine crystals up to 10 mm in size, and rare kimberlite indicator minerals."

The 'VK' has significant more stones per kg then the 'MK' zone.
VK had 0.6 stones per kg versus 0.06 stones per kg for the 'MK' zone.

VK zone came in at 0.2 cpt and will need additional work done in the distant future as it is not known the value of the carats or how big the stones will get.

Assuming the 2 phases are equally split up, VK zone only represents a 0.25 hectare kimberlite and is not material to any economics at this point.

More work will done on VK within the CH-12 kimberlite once Chidliak moves to onsite DMS testing and is probably already in production with other pipes.

Good reason to keep this in the more reason to explore plan.

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