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Talmora Diamond Inc. Has Been Granted Three New Prospecting Permits
TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Talmora Diamond Inc. (CSE:TAI) (“Talmora” or the “Company”) announces that it has been granted 3 Prospecting Permits
About this update from Talmora Diamond, Inc.
[{"type":"text","content":"TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Talmora Diamond Inc. (CSE:TAI) (“Talmora” or the “Company”) announces that it has been granted 3 Prospecting Permits (86,689.98 ha) in the Inuvialuit Settlement Region of the Northwest Territories. The permits are adjacent to the Company’s current claims and give the Company exclusive rights to the area, excluding any claims staked prior to February 1, 2018, for a period of 5 years provided certain expenditures are made. Previous holders of the ground collected till samples at a density of 1 sample / 8 km2 and completed an airborne magnetic survey at 400 m line spacing. They selected an anomalous five line dyke-like magnetic high following a topographic low as a possible kimberlite but they never tested it (1). The permits also include magnetic targets previously staked by Talmora that lapsed before sampling or other work could be completed. Talmora believes the dyke-like anomaly is worth testing as modeling shows it near the surface and that it could be part of a larger structure. Anomalous kimberlite pathfinder elements and indicator minerals form a broad train in the till down-ice of the anomaly. Project SummaryIn addition to the new permits Talmora holds 81 mineral claims (16,360.62 ha) straddling the 68th parallel on the east side of the Lena West diamond region of the Northwest Territories. Most of the claims are in the Inuvialuit Settlement Region with the remainder in the Sahtu Settlement Region. The Talmora property lies on the same favourable structure: “Zone of Anomalous Mantle” or “Diamond Corridor”(2) as the diamondiferous kimberlites at Darnley Bay and the significant diamondiferous Dharma kimberlite in the northeast corner of Great Bear Lake (13 diamonds >0.85mm weighing 0.9 carats recovered from 1457.37 kg of core by caustic fusion) (3). All three areas are located outside and east of the Cretaceous basin. The Zone of Anomalous Mantle corresponds with a left lateral displacement of the mantle in the area of Great Bear Lake, implying a northern extension of the \"Slave Diamond Corridor” through Lena West(4). Over $75 million has been spent in the Lena West region by other companies(5) on exploration which included the recovery of widespread KIMs with good diamond association chemistry including 18 diamonds in field samples(6). Canterra (previ...