Burgundy Encouraged by Fancy Orange and Yellow Diamonds Found at Naujaat

By John Jeffay / April 28, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Bulk sampling has confirmed a "significant population of fancy orange and yellow diamonds" at Canada's Naujaat mine.Australian owners Burgundy say they are encouraged by results of the project, which is 70 per cent complete.A total of 268 diamonds over 0.21 carats, weighing 117.98 caratswere recovered from 1,316 dry tonnes of kimberlite at the mine, in the remote, Arctic territory of Nunavut.The three largest recovered diamonds are 3.31-cts, 3.07-cts and 2.76-cts.Almost one in six - 48 of the 268 diamonds - were classified as fancy color (20.9% by carat weight) and 58 per cent of those were either fancy intense or fancy vivid - the two highest color saturation classes.Burgundy will assume 40 per cent ownership of the Naujaat Project once the sampling is completed, under the terms of an earn-in option agreement with North Arrow Minerals announced in June 2020.Peter Ravenscroft, managing director and CEO of Burgundy, said the results "add significant confidence to past results".Pic shows generic yellow diamonds

Recent News

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok