Dunnedin Ventures Inc. is set to acquire the Kahuna Diamond Project in Nunavut, Canada. The high grade diamong project started off near Rankin Inlet, Nunavut back in 2001. Since then there has been three main diamondiferous kimberlite dikes discovered, which are Kahuna, PST, and Notch.
“This acquisition is transformative for Dunnedin and we are excited to rapidly advance this project towards feasibility through additional bulk sampling and resource definition,” CEO Chris Taylor told WSET.com. “Multiple high grade diamond bearing kimberlite dikes and proximity to tide water provide a compelling opportunity.”
Diamonds over one carat in size have been recovered from the drilling on the three main kimberlites, with the largest diamond being a 5.43 carat stone drom the Kahuna dike. Most of the diamonds are clear and colourless, with a small amount of coloured stones and a large quantity of octahedral stones. The Kahuna dike is approximately 5.5 kilometres long and two to four metres wide. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
