Diamond finds continue in North.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. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. is like finding a needle in a hay stack, says Janet Reid, a former geologist who 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 with the Ministry of Northern Development and Mines. Finding a diamondiferous kimberlite is even more rare and requires patience, time and money. If world, renown geologist Dr. Charles Fipke is accurate, diamonds will double in value by approximately 2010. This will drive demand up 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, Agoracom 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 gain was announced in February 2006. The Ontario Geological Survey 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 line The New York Line was an administrative division within the Continental Army. It comprised the New York quota of ordinary infantry regiments raised for general service which, together with similar quotas from other states, formed the Continental Line. . 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. |
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