I am curious...
posted on
Feb 09, 2015 04:41PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
.... what ever happened to that diamond property SLI had years ago? Also, the diatremes on the Cueava Blanca hold diamond potential.
http://www.icij.org/project/swiss-leaks/diamond-dealers-deep-trouble-bank-documents-shine-light-secret-ways
In addition to gold, much attention has been paid to diamond exploration in Canada and, in particular, diamonds in Saskatchewan. St. Elias owns 100% interest in a diamond property located near Fort a la Corne, Saskatchewan. Many reports have recently been written referring to Canada’s destiny to become the world’s biggest diamond producer. Some facts in support of the foregoing:
• DeBeers has been actively exploring for diamonds in Canada for close to 30 years. Today, DeBeers has three operating companies in Canada.
• In 2001, over half of DeBeers annual worldwide exploration budget was spent in Canada, an amount exceeding C$45 million.
• The Province of Saskatchewan has a unique geological environment for the occurrence of diamondiferous kimberlites
• With 71 kimberlite pipes discovered to date, the Fort à la Corne kimberlite field has the largest concentration of diamondiferous kimberlites in the world.
CANADA
DIAMONDS – Fort a la Corne, Saskatchewan
Location: Fort a la Corne, Saskatchewan
Ownership: 100% St. Elias Mines Ltd.
Size: 1 claim, 307 acres
Summary: St. Elias’ diamond claim is located within the structural corridor of the Kensington/DeBeers Kimberlite/Diamond Field. To date over 70 kimberlite bodies, of which 80% are diamondiferous, have been discovered in the area. Recent reports by DeBeers Diamond modeling experts have placed a value of over USD$12 Billion on only one of the diamondiferous bodies occurring within the field (FALC #141). About 50% of DeBeers annual worldwide exploration budget (USD $72 million dollars) is being spent in Canada this year.
The primary exploration methodology utilized in the search for kimberlites, in the Saskatchewan area, consists of a first phase of airbore magnetic surveys and a second phase of ground based magnetic surveys that are conducted over the circular magnetic anomalies (“bulls-eyes”) that are indicatative of kimberlite deposits.
Airborne magnetic surveys over the St. Elias diamond claim showed a large circular anomaly. Subsequent ground magnetic surveys located at least eight high priority, “bulls-eye” magnetic anomalies within the claim boundaries. Each of the anomalies is consistent in their shape, strength and size with magnetic anomalies that occur over known diamond bearing kimberlites in the Fort a la Corne region.