Prima Diamond Corp. acquired Munn Lake Diamond Property

Prima Diamond Corp. last month announced that it has entered into a property option agreement dated July 25, 2014 to acquire the Munn Lake Diamond Property located in the Slave Province, Northwest Territories from DG Resource Management Ltd. and Zimtu Capital Corp. whereby Prima can acquire an undivided 100% interest in and to 19 mineral claims covering more than 14,000 ha.
The Munn Lake Diamond Property is located approximately 35 km east of the Snap Lake Diamond Mine and 40 km northwest of the Gahcho Kué Project scheduled to commence diamond production in 2016.
The "Yuryi" boulder field, "hosts spectacular pyrope garnet chemistry with over 40% of the pyropes occurring within the G-10 field, suggesting that the diamond potential of the primary kimberlite source is excellent. The 'Yuryi' kimberlite returned 226 diamonds, including 62 macrodiamonds from 581 kilograms of processed kimberlite. One 0.12 carat diamond was also recovered from the sample," the company said in a statement.
The drill-tested Munn Lake Kimberlite varies in true thickness from 12m to 0.25m. A 42 kg sample, from two diamond drill core holes and one sonic drill hole, returned excellent microdiamond counts with a majority of the diamonds of very good white color and quality. 14 diamonds were noted, including 2 macrodiamonds and 12 microdiamonds.
In addition to the indicator train that might be attributed to the diamondiferous Munn Lake Kimberlite at least four additional indicator trains with very robust kimberlitic mineral chemistry have been identified on the property. The sources for these indicator trains have yet to be been identified.