Big potential for diamonds in Ontario.
The discovery of diamond-bearing kimberlites and other significant indicator minerals in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing.
Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it has sparked increases in diamond exploration.
Finding a kimberlite kimberlite: see diamond.
or blue ground
Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. is like finding a needle in a haystack For the epidode of the TV series House, see .
A needle in a haystack is an English idiom that refers to an object (or a person) that is difficult to find because it is lost, mixed in, or buried within a much larger space, mass, crowd, or group of some other objects. says Janet Reid, former geologist with the Ministry of Northern Development and Mines. She oversaw a reconnaissance exploration program for the Ontario Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information.
A geological survey (OGS OGS Office of General Services (New York State)
OGS Office of Graduate Studies
OGS Ontario Genealogical Society
OGS Ontario Graduate Scholarship
OGS Ohio Genealogical Society ).
Finding a diamondiferous kimberlite is even more rare and requires patience, time and money.
If world-renowned geologist Dr. Charles Fipke is accurate, diamonds will double in value by 2010. This will drive demand at a time when supply will be short.
Over the last three years, uncut diamond prices have risen by about 50 per cent, with more increases expected for the future, Ago-racom announced. Diamond Trading Co., the sales arm of De Beers, raised its prices a total of 9.5 per cent for 2005. Another two per cent increase was announced in February.
A projected shortfall in production versus demand has produced record price increases.
Mines in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Botswana are coming to their life's end. No new discoveries have been found.
"There are diamond mines producing quality stones (internationally), but not enough of them," Reid says.
Canada is the third-largest diamond producer in the world and our standing may improve as hungry junior mining companies eagerly scout for high-quality commercial diamonds.
The OGS indicates a significant number of kimberlite clusters are thought to have the potential of hosting diamonds. These clusters lie in a broad regional trend extending from near Attawapiskat in the Far North, where De Beers Canada is opening Ontario's first diamond mine, to the Belleville area and beyond. The length is marked by a number of major structural features including the Lake Timiskaming Lake Timiskaming (French: Lac Témiscamingue) is a large freshwater lake on the provincial border between Ontario and Quebec, Canada. Structural Zone, which hosts kimberlite clusters along the Attawapiskat, Coral Rapids, Matheson, Kirkland Lake, Timiskaming, Cobalt, Picton and Syracuse, New York
Syracuse (IPA: line.
The Timiskaming-Kirkland Lake area is considered the heart of exploration territory.
"That is why there is such a rush of exploration in that area because that zone allows for kimberlite in placement," Reid says.
In the reconnaissance program, the goal was to provide information to junior mining companies interested in continuing exploration programs.
Micro-diamonds or diamonds with noncommercial value were present in the OGS exploration discoveries, along with an abundance of G10 and G9 indicator minerals.
"If you find those, then typically the G10s are associated with kimberlites that have diamonds," Reid says.
"It depends on the chemistry of the garnets."
Northern Ontario possesses a huge potential to become a diamond resource hub, but accessibility is an issue, she says.
"There is a lot of area that has not been touched with respect to exploration just because access is difficult."
Juniors often do not have the financial resources to tackle the more advanced stages of prospecting.
Either larger companies will need to acquire properties or a small group of companies will need to pool their resources to progress further, she says.
By KELLY LOUISEIZE
Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario.