Monument Diamonds

The Monument Property is strategically located on the south shore of Lac De Gras NWT. Kimberlites of the Monument Property form part of the Lac de Gras cluster and occur within 40 km of both the Ekati Diamond Mine and Diavik Diamond Mines Ltd., which together produce a noteworthy percentage of the world’s diamond production.

The Monument property has twelve known kimberlites. Drilling on land based targets during recent programs found several new kimberlites including Genie, Bling and most recently the Trio, Gemini and Sparky kimberlites. Drill sampling in 2007 of RIP extracted larger samples where 2,201.7 kg of kimberlite produced 955 diamonds including the largest diamond found to date from the Monument property weighing 0.445 carats. On the DD17 kimberlite, 2,137.6 kg of kimberlite produced 964 diamonds.

A Spring 2009 program conducted ground geophysics to establish targets prior to ice drilling. In the northern zone, land-based kimberlite Trio was tested with one diamond drill hole and 13 RC holes that cut kimberlite and host rock to define the dimensions of the Trio kimberlite dike. On the nearby DD42a kimberlite, drill core samples from three diamond drill holes resulted in a combined sample of 199 kg. Each drill hole stopped short in kimberlite due to technical problems encountered by diamond drillers. Additional diamond drilling on kimberlite magnetic targets DD42b, DD42c, and DD42d is required. Follow-up diamond drilling is also required on several narrow kimberlite intervals from prior drill programs where new strategically placed holes could prove the anomalies as kimberlite pipes.

The Monument project owners are 57.49% New Nadina Explorations Limited, 22.11% Chris and Jeanne Jennings and 20.4% Archon Minerals Ltd. (Stu Blusson). 1% NSR is payable to each DHK Diamonds Inc. and International Royalty Corp. New Nadina Explorations Limited is the operator and the project is supervised by Mr. K. R. Kivi, P.Geo., an Independent Qualified Person.