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Carat Property, Northwest Territories

Location:
The Carat Property is located 350 kilometres northeast of Yellowknife, Northwest Territories and borders the northeast corner of the BHP Billiton property that hosts the Ekati Diamond Mine.

Size:
2 mineral claims and 2 leases encompassing 8,115 acres.

Ownership:
Diamondex - 70% / Tyler Resources Inc. - 30%

Assets: The CT-55 diamond-bearing kimberlite was discovered in 2001.

Carat Location Map
Overview:

Exploration programs on the Carat property have included airborne Mag/EM and ground geophysics, extensive till sampling, mapping and diamond drilling. The CT-55 kimberlite was discovered in 2001 and two diamonds were recovered from the caustic fusion of 242 kilograms of crater facies. The chemical analysis of chromite grains recovered from the drill core indicates a substantial portion originated within the diamond stability field.

Ten priority airborne anomalies were investigated in 2004 with detailed ground geophysical surveys. These targets were selected from previous exploration programs conducted over the Carat Property. During the summer of that same year, detailed till and geochemical sampling were carried out over the property in order to follow up 23 geophysical anomalies identified during previous programs. A total of 68 till samples and 74 soil gas samples were collected during this program. In addition, 519 enzyme leach samples were recovered in the area surrounding CT-55, as well as 10 other prospective geophysical anomalies.

The interpretation of sample results from 2004 exploration programs, along with a review of the previously conducted geophysical surveys undertaken on the property since 1998, led the joint venture partners to approve a drill testing program for late 2005. In all, five targets were tested with a total of 740 metres of diamond core drilling. All targets were selected from nominated geophysical anomalies, although one target had a coincident soil gas anomaly. No kimberlite was intercepted.

Maps and Photos

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:Show image 'Diamondex Geologists Soil Sampling' in New Window:
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Diamondex Geologists Soil Sampling
Carat, Summer 1999
24 KB, approx. 5 seconds at 56.6Kbps
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:Show image 'Transporting Soil Samples' in New Window:
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Transporting Soil Samples
Carat, Summer 1999
26 KB, approx. 6 seconds at 56.6Kbps
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:Show image 'CT-55 Kimberlite Core' in New Window:
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CT-55 Kimberlite Core
35 KB, approx. 8 seconds at 56.6Kbps
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:Show image 'Macro Image of CT-55 Kimberlite' in New Window:
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Macro Image of CT-55 Kimberlite
36 KB, approx. 8 seconds at 56.6Kbps