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Dominion Diamond Corp.
Summary
| Project: | Ekati | |
|---|---|---|
| Deposit: | Ekati | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 7/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-7-2016: Dominion Diamond Corp. announces a Feasibility Study report for its Ekati deposit at the Ekati project. Feasibility study for Ekati Diamond Mine. YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--July 6, 2016--Dominion Diamond Corporation (TS | |
| Resources: | (Reserve, Prob.): 70.4Mt @ 1.6Ct/t for 109.6Mct project total | |
| CP/QP: | [Resources]: Peter Ravenscroft (Burgundy Mining Advisors Ltd.) | |
| ABSTRACT: | YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--July 6, 2016--Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company” or “Dominion”) is pleased to announce that the Board of Directors of the Company has given its approval to proceed with the development of the Jay Project based on the positive results of a feasibility study (“FS”) and subsequent revised project schedule and life-of-mine plan. The Jay Project is located within the Buffer Zone Joint Venture Property, and is the most significant undeveloped kimberlite pipe deposit at Dominion’s majority owned Ekati mine in Canada’s Northwest Territories. Brendan Bell, Chief Executive Officer, stated: “The Jay Feasibility Study has confirmed the economic and technical viability of the large-scale, high grade Jay Project, which is the most significant undeveloped deposit at the Ekati mine. With a revised project schedule and updated mine plan, this positive feasibility study sets out a clear long-term plan for Ekati. We are very confident in the outlook for the diamond market and believe the mine life extension provided by Jay positions us well for the future. While work remains in order to complete project permitting, and to identify optimization and cost reduction opportunities as we build Jay, we are very pleased with the results.” Jay is the most significant undeveloped deposit at the Ekati Diamond Mine due to its large size and high grade. Jay is located beneath Lac du Sauvage, a moderate sized lake north of Lac de Gras, and is approximately 1.2 km from the shoreline. The Jay pipe is approximately 7 km to the northeast of the Misery Pit and related infrastructure, and 30 km to the southeast of the main Ekati mine infrastructure. | |
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