Jindalee Resources applies for diamond licence
THE DRILL SERGEANT: Jindalee Resources (ASX: JRL) has applied for an Exploration Licence (E80/5027) covering the Aries kimberlite cluster, including the Aries, Athena, Helena and Persephone diamondiferous kimberlite pipes.
The Aries project is located in the Kimberley region of Western Australia, approximately 270km east of Derby and 230km west of the Argyle diamond mine.
Jindalee explained the Aries kimberlite pipe was discovered in 1986 by Triad Minerals, in Joint Venture with Freeport, with subsequent exploration undertaken by companies including Thundelarra, BHP Billiton Minerals and United Kimberley Diamonds.
The exploration licence is an uncontested application owned 100 per cent by Jindalee, which considers the tenement to be highly prospective for gem quality diamonds.
“The Aries project covers a number of kimberlite pipes containing gem quality diamonds,” Jindalee Resources said in its ASX announcement.
“Although significant exploration was undertaken in the period from 1986 to 2005 Jindalee believes that there is very good potential to find additional diamondiferous pipes and alluvial diamond deposits in the area.
“Jindalee has commenced compiling the historical data and looks forward to commencing work as soon as E80/5027 is granted.”
Email: enquiry@jindalee.net
Website: www.jindalee.net