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Darnley Bay may have new kimberlite pipes
NNSL (Feb 09/98) - Darnley Bay Resources Ltd. could be sitting on diamonds.
A recent 1.5-million hectare magnetic survey suggests the possibility of three new kimberlite pipes, the company said.
Kimberlite pipes are carrot-shaped structures known to hold diamonds.
"These (three) anomalies are similar in nature to those found over kimberlite pipes that contain diamonds in the Lac de Gras area," Darnley Bay Resources said.
Last fall, Scintrex Ltd. conducted a magnetic survey at Darnley Bay near Paulatuk. The survey was a joint venture by Darnley Bay and the Inuvialuit.
Darnley Bay Resources was formed in 1993 to acquire resource rights to what is known as the Darnley Bay gravity anomaly.
The anomaly, discovered in 1969 by Energy, Mines and Resources, has been described by the Geological Survey of Canada as the strongest of its kind in North America. That suggests a major mineral resource.
The Darnley Bay location and the Sudbury basin show distinct geological similarities.
Sudbury is the world's largest producer of nickel. Darnley Bay could also contain gold and lead zinc. |