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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
Indicator Minerals Inc.Vancouver, BC, (TSXV: IME) is a Canadian exploration company focused on the discovery of economic diamond deposits. Founded in 2004, the company has assembled one of the most qualified technical teams in worldwide diamond exploration.
The Future of Diamond Exploration
Indicator is exploring more than 5.5 million acres of targeted ground in the Canadian arctic and has three key projects in Nunavut: Darby, Borden and Nanuq North.
Indicator's management has quickly positioned the company to be a sophisticated player in both Canadian and international diamond exploration by forming strategic partnerships, acquiring highly prospective properties and conducting systematic and efficient exploration programs. Indicator represents an outstanding opportunity for investment in the junior market.
Diamond Market Outlook is Bright While the current challenging economic conditions have had a negative impact on diamond demand and diamond prices the medium to long-term outlook for diamonds remains robust
What Does Indicator Offer the Investor?A rough diamond supply shortfall of US$3 Billion is estimated by 2011.
Continued positive outlook for rough diamond prices
Majors, such as De Beers and Rio Tinto, continuing to devote large budgets exploring for new sources of production
Canadian exploration and development projects remain an important potential source of rough diamonds
Nanuq North
The Nanuq North Project is located at the head of a well defined kimberlite indicator mineral train. Diamond bearing kimberlites have been discovered on the adjacent Nanuq project and it is believed that this field extends on to the property. A late season drill program discovered kimberlite on the property.
Indicator Minerals and partner Peregrine Diamonds Ltd. (TSX VENTURE:PGD) drilled the first kimberlite, NQN-001, on Nanuq North late in the 2008 field season. NQN-001 is interpreted as having a minimum surface area of 4.5 hectares based upon ground magnetic data and drilling information. http://agoracom.com/ir/Peregrine/mes...
Exploration expenditures on the 33,100 hectare Nanuq North property are currently funded on a 50/50 basis by Peregrine and Indicator Minerals Inc. ("Indicator").
Under the terms of a letter agreement, the Hunter Exploration Group ("Hunter") retains a 20 percent interest and Peregrine and Indicator each retain 40 percent interests in 16 claims covering 13,900 hectares, including the claim that hosts NQN-001.
Hunter's 20 percent interest is carried through completion of a scoping study. Peregrine and Indicator each have an undivided 50 percent interest in the remaining 19,200 hectares of claims at Nanuq North.
Indicator is the operator of the project.
Indicator has a 100% interest in the Dorset property which is composed of nine Prospecting Permits totalling 407,700 acres (164,990 Ha). The project is located on the Fox Peninsula of eastern Baffin Island in Nunavut Territory.
Darby Project
The Darby Project hosts a field of diamond bearing kimberlites. Nine kimberlites have been discovered on the property to date and numerous targets remain to be tested. Darby is under option to and fully funded by Teck Cominco Limited.
Borden Project
The Borden Project is located on western Baffin Island on the Borden Peninsula. Kimberlite boulders were discovered while prospecting a geophysical target identified in data collected during this year's airborne magnetic survey.
Kimberlite indicator minerals, including pyrope garnet, have been visually identified in the float. Samples of the kimberlite boulders have been collected for analysis.
The Discovery Group is an alliance of seven companies led by some of the brightest minds in the mineral exploration industry.
Like Indicator Minerals Inc.? Then you might also be interested in Chalice Diamond Corp
