»KAT

The Kat Project centres on the Attawapiskat kimberlite field, located approximately 100km west of the hamlet of Attawapiskat on the western shore of James Bay. De Beers found the Attawapiskat kimberlites in the late 1980's and has recently concentrated its evaluation efforts on the Victor kimberlite, which, at approximately 18 ha, is the largest kimberlite in the area. De Beers is continuing with extensive studies investigating the potential to develop Ontario's first diamond mine.

The Kat project is a 50/50 joint venture with Superior Diamonds Corp. (formerly Canabrava Diamond Corp.) covering 5360 ha of mineral claims in and around the Attawapiskat kimberlite field. Since February 2000, the joint venture has conducted extensive exploration of the area, including flying more that 47,000 line kilometres of fixed wing magnetic surveys and completing over 2200m of diamond drilling. This work led to the discovery of the AT-56 kimberlite, approximately 3km southwest of De Beers’ Victor kimberlite. Initial test work on AT-56 has indicated that it is diamondiferous, however its small size precludes further work at present. The development of a mine at the Victor kimberlite may change the outlook for AT-56 and further work may be considered at that time.

The Kat joint venture maintains an extensive database on the area and holds a series of claims strategically placed in proximity to De Beers land holdings.