RJK Explorations To Seek Source of Great Yellow Diamond in Canada

Mining and Exploration
07/02/2019 14:23

RJK Explorations, a mineral exploration company with a focus on diamonds, gold, silver and base metals with its resource properties located in Ontario and Newfoundland, is planning to search for the source of the 800-Carat Nipissing Yellow Diamond in southeastern Ontario. The Bishop Nipissing Diamond Project came about when RJK entered into a property option agreement with Anthony “Tony” Bishop for the Bishop Nipissing Diamond Properties, exploration properties totaling 2,090 hectares encompassing at least 18 potential kimberlite pipes, according to a press release.

What has historically been referred to as the Nipissing Diamond has sent many an explorer hunting for the souce of the precious stone. Newspaper articles in the July 26, 1906 issue of The Gazette Montreal and the November 12,1906 issue of The Montreal Herald claim a settler found a large, slightly yellow diamond about the size of a hen's egg. M.P. Mr. A. O. Aubin purchased the stone at the time. Also in 1906, the Tiffany Diamond Firm launched an expedition of geologists and diamond experts to the area to identify the source of the Nipissing Diamond. The August 1, 1906 the Jewelers Circular Weakly quotes the Reverend Father Paradis stating "I myself have seen the stone. It is as large as a hen's egg and has a rough surface and a yellowish tinge." 

Since that time, prospectors and exploration companies, including De Beers, have searched for the bedrock source of this gemstone. A local prospector-historian, Tony Bishop, has researched the historical and geological data and tentatively located the likely source this stone, and says that identification of the 1906 trail system and the local settlement was key to finding this location. Bishop said he has spent over four years looking for the source of the Nipissing Yellow Diamond. After reviewing all of the data that Bishop has compiled, including a NI-43-101 technical report, RJK has decided to option the property and will initially drill the mostly likely potential kimberlite pipes that Bishop believes the Nipissing Yellow Diamond may have come from.

NJK notes the Bishop claims are situated in a well-established kimberlite field on public ('Crown') land, mostly on high, dry, well-drained topography. Drivable logging roads are within one kilometre or less, affording easy access, with three hydro-electric facilities, a large electric wind farm and a gas pipeline close by. The Trans-Canada Hwy is also very close, as is the train station in Cobalt, an area with a well-established historical mining history. To move forward with the agreement, RJK has to pay $50,000 on signing and issue 1,000,000 shares upon regulatory approval. It also has to spread, over a four-year period, further cash payments totalling $50,000, as well as issue 1,500,000 shares. The miner also has to invest $1 million in exploration to be able to earn 100% of the properties.