Yes the kimberlitic material is diamondiferous. They found two 'macrodiamonds' (these are still tiny but not teeny tiny) in a grab sample in clay material and are sending drill samples for analysis and will be doing more drilling to delineate the kimberlitic source (I am just taking this from news release.) The diamonds discovered were clear and colourless. The president of Kalahari is trying to hype things (on company home page) by saying that Winspear found some coloured diamonds in the area but I would try to keep calm about that one!
The main thing to think about is mineral chemistry. In the area they are looking, chemistry appears to be very good. They are drilling many additional targets...and of course the good stuff could wind up being located on someone else's nearby properties. One is enough, anyway, to send KLA sky high should it be economic. Southernera would not be a bad bet either, they have 70% of this KLA property, 2 or 3 great pipes (soon to be producing) in Africa, and no doubt more good prospects in the Great White North. Also exciting are Mountain Province/partners and maybe Gerle Gold. It just seems that Kalahari is moving right now, I wonder why.......
SUF has a couple of other junior partners that could spring to life someday, in this vicinity...Noble Peak and Major General. Can't buy em all, of course. You have to wait until exploration becomes highly active with statements like "we are drilling 20 targets on the property and are Really excited about the mineral chemistry". Of course most stock promoters are liars, this is why we are happy to have Jennings (SUF), and Monopros, operating these projects. These folks we can believe.
Very few kimberlitic sources are economic but experts like Jennings will be able to tell you that a kimberlitic source is almost 100% certain to be HIGHLY DIAMONDIFEROUS based on indicator mineral chemistry alone. Sometimes the only thing is, they can't find the source (ie the kimberlite!). Take my word for it, in this particular area they seem to be hot on the trail. They aren't telling you that the percentage of g10 garnets was 40% for trivia's sake. Because this indicates a highly diamondiferous source nearby, THEY MUST TELL US THIS BECAUSE IT IS MATERIAL INFORMATION!
A concern at this point would be simply, what is the size and shape of the kimberlitic body discovered, and is there another one somewhere else that is actually causing the good mineral indicators. The fear before was that these were merely 'dykes' but now someone is saying it might be a 'blow' (a 'pipe in a dyke'). Main point being I guess that a dyke is just a small amount of surface kimberlite, and a 'blow' gives you a real pipe to mine.
Of course in the final analysis what they end up finding is anyone's guess. But G10 garnets are 1:1 correlated with diamonds, and they can tell even more than this from other indicators far beyond my comprehension (these boys analyze thousands of till samples). One is the percentage of garnets which are G10. KLA property has a high percentage, similarly so does MPV. I am no geologist but I know enough to know that this one has real potential whereas most kimberlitic finds do not.
Anything in this general area (around the known indicator mineral trains) is in 'the zone'. There seems to be a very hot area in and around all of Diamet's finds, and something of a secondary area where MPV, KLA, Gerle Gold, and MONOPROS are sniffing now. MPV has one economic pipe and likely others. Others will help greatly & make it more feasible to develop the area.
This is why you see everyone get so excited about the Northwest Territories. Personally I think all of these finds are a testament to human ingenuity and perseverance. They have to find these things through lakes, through ice, in the middle of a barren tundra, etc. etc.
Highly diamondiferous sources come in clusters. If there is a lot of kimberlite somewhere but no one has ever found diamonds of an economic grade, then it's sort of "so what". Here it's more like "what if..."
A good pipe is worth billions. 30% of billions is worth...a lot more than the $30 mil market cap of Kalahari at present. |
