New Nadina has acquired all Kettle River Resources Ltd.'s diamond interest (NR Feb 15, 2017).
Through its partnership in DHK Diamonds Inc., Kettle River Resources Ltd.’s participation in diamond discoveries on the DHK Diamond Inc.’s properties at Lac de Gras, NWT during 1992-94 period resulted in record share prices and trading activity. DHK Diamonds Inc.’s interest in the D0-27 is a participating 10.64% interest following a $60M bulk sample completed on the property in 2005-2007 by Peregrine Diamonds Ltd. and a Preliminary Technical Assessment report prepared by AMEC Americas Ltd. that investigated the economic potential of DO-27. In 2008, Peregrine provided a Canadian NI-43-101-compliant indicated mineral resource of 18.2 million carats in 19.5 million tonnes of kimberlite for the nine hectare DO-27 kimberlite. The estimated grade of the indicated resource is 94 carats per hundred tonnes ("cpht"). An additional 6.5-8.5 million tonnes of kimberlite below the indicated resource was classified as a potential mineral deposit and DO-27 remains open at depth. DO-27 is situated on the 15,000 hectare WO property in the Northwest Territories, Canada, approximately 27 km southeast of the DiavikTM Diamond Mine and 11 km east of the Tibbitt to Contwoyto Ice Road used to supply the two diamond mines in the area.