The market can expect to be bombarded with a series of reports from
The field season in
The exploration effort is one of the biggest seen in the
Juniors have joined majors, such as South African diamond king De Beers and BHP Billiton, in the hunt.
Most attention is on Diamond Rose’s Upper Beta Creek properties.
The company’s founder, Mrs Pnina Feldman, has not been shy of mentioning Diamond Rose’s coup in getting BHP Billiton involved in a joint venture.
BHP Billiton is serious about its involvement. It homed in on the Beta Creek properties after flying its Falcon gravity response technology over the ground.
The technology, acquired from the United States Navy and adapted for use an exploration tool, has helped identify potentially diamond-bearing kimberlite pipes at BHP Billiton’s Ekati diamond project in
The test is now whether the technology can be successfully applied in the Climber region.
Data gathered by Falcon has identified a series of anomalies on Diamond Rose’s ground which are about to be drilled out to determine whether they bear commercial quantities of diamonds.
Big pipes are needed as the diamonds are likely to be relatively small, lowering their value, but there is a chance to expand beyond Rio Tinto’s existing Argyle and Merlin mines to build a significant diamond mining industry in the region.
BHP now has rigs on site as part of its commitment to drill two holes in 12 identified anomalies.
It is the first time the Falcon technology has been put to the test in
Diamond Rose will be quick to disclose the results as they come to hand.
BHP has also flown the technology over the
