Twin Mining’s Jackson Inlet Diamond Play – An Arctic project with a competitive edge
A number of factors contribute to a competitive economic advantage for exploration and development of Twin Mining Corporation’s 100%-owned Jackson Inlet diamond discoveries on the Brodeur Peninsula of Baffin Island. In the case of development and mining economics, these factors include: 1) proximity to a natural deepwater harbour;
2) confirmed long term viability of the nearby Nanisivik mine in a similar setting;
3) low environmental risk due to lack of soil, wildlife and fauna; 4) no pre-production waste stripping at the Freightrain or Cargo 1 kimberlite pipes; 5) large proportion of high quality diamonds; and, with the recent discoveries by Rio Tinto/Kennecott,
6) a probability of cost savings through shared infrastructure and ancillary facilities. In the case of exploration, advantages include: 1) very little contamination of diamond indicator mineral halos from spurious sources because of the ubiquitous limestone bedrock covering the peninsula; 2) nominal glacial transport, making it easier to locate kimberlite sources of indicator minerals; 3) a flat magnetic background that allows even weakly magnetic kimberlites to be identified; and, 4) a contiguous land package (5,086 km2) centered 90 km from an airport with commercial jet service, thus minimizing logistical costs.
Advantage, Jackson Inlet, economic, Diamond, Competitive, Mining, Development, Twin Mining, Baffin, Exploration