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June 14, 2002
Twin Mining to continue
diamond exploration in Jackson Inlet
Twin Mining Corporation
is going ahead with the first phase of a $10-million exploration project to
explore its Jackson Inlet diamond property, 120 kilometres west of Nanisivik,
on the Brodeur peninsula.
Twin Mining has seen more
signs of kimberlite "fields" on its property, which are full of kimberlite
pipes, the formations that usually produce diamonds.
This summer the company
will spend $1.7 million to continue surveys, soil sampling and core drilling
on 12 promising sites. Further tests are planned on a pipe where 50 carats of
high-quality diamonds have been found,
The largest diamond found
so far was a 1.557-carat stone. In other samples, 30 diamonds larger than 0.25
carats were found.
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