From an internal audit...

Shear Diamonds has revealed a sample grade of 11.3 carats per tonne (cpt) at Jericho from an internal audit of tailings.

Jericho diamond mine in Nunavut, CanadaA total of 52 macro diamonds representing 3.5 carats were recovered from a small sample collected across the surface of the recovery rejects stockpile at the mine site, resulting in the sample grade.

Shear president Pamela Strand said, “These audit results allow us to begin to determine a better methodology for future processing of Jericho’s kimberlite in order to achieve optimum diamond liberation and recovery.”

“Also, we believe that based on these high diamond contents, that Jericho’s recoverable diamond grade has the potential to increase substantially.”

The purpose of Shear’s mini-audit was to confirm the results of a 4,048.5 kg sample from the recovery reject stockpile collected by Jericho's former owner Tahera Diamond Corporation. That report from year 2007 yielded 1,345 stones weighing 58.8 carats for a sample grade of 14.5 cpt. Tahera subsequently fell into bankruptcy and Shear purchased the Jericho project.

Shear Diamonds currently has a portfolio of eight diamond projects, including three advanced projects with development potential.

By: JewelryOurs

‹ Prev Next › ‹ View All News ›