Project Summary

The TIM Property is a 79,493 acre permitted block located 115 km south of Kugaaruk, Nunavut. It is located in a region that is emerging as one of Canada’s most exciting new diamond districts. The property is contiguous with Trigon's IC property.  

The diamond rights to the property are being developed by a joint venture composed of Trigon, Indicator Minerals Inc. (IME) and Committee Bay Resources Ltd. (CBR). Trigon holds a 51-per-cent interest in the joint venture. IME together with CBR hold a 49-per-cent interest. Trigon is the operator of the joint venture. The TIM property lies within an area of mutual interest of Trigon and Contact Diamond Corporation (TSX: CO) and is a part of the IC option agreement between Trigon and Contact.

Area Potential

The project is located in the Rae Domain of the Western Churchill Province. The TIM permits are located between the BHP Billiton property at Repulse Bay where diamond-bearing kimberlites have been bulk sampled and the Diamonds North Amaruk Project where multiple kimberlite occurrences have been found. Recent kimberlite discoveries by Diamonds North Resources Ltd. at the Amaruk project have yielded some high diamond counts and favourable stone size distribution. At Indicator Minerals Inc.’s Darby project, located approximately 150km west of TIM, new discoveries have confirmed the presence of larger kimberlite bodies.

Exploration

An initial work program 2005 consisted of property-wide reconnaissance till sampling. Several probe confirmed kimberlite indicator minerals were found in the samples. Earlier this summer, Trigon mobilized crews to the site to undertake a program of follow-up till sampling and prospecting to identify the source areas of the indicator minerals. This work is carried out in conjunction with the work on the IC property.

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