Tres-Or Resources CEO: Remarkable Macrodiamond Drill Program Results at Guigues | Summary and Q&A

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December 14, 2021
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Tres-Or Resources CEO: Remarkable Macrodiamond Drill Program Results at Guigues

TL;DR

Tresor Resources is exploring the Gig diamond pipe in Quebec, with significant potential for type 2 diamonds, which are highly valuable and in demand.

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Questions & Answers

Q: What is the significance of the Gig diamond pipe in Quebec for Tresor Resources?

The Gig diamond pipe has shown remarkable potential for type 2 diamonds, which are highly valuable. It has become an important asset for Tresor Resources in recent years.

Q: How do the results of the Gig diamond pipe compare to the initial work on the Victor diamond mine?

The chemistry, micro diamond counts, and overall work on the Gig diamond pipe show comparable results to the initial work on the Victor diamond mine. This indicates the potential for significant diamond content in Canada.

Q: What is the market like for type 2 diamonds?

The market for type 2 diamonds, which are clear, white, and high-quality stones, is strong. The Victor diamond mine sold a 244-carat type 2 diamond for $33 million, demonstrating the demand for these rare stones.

Q: What are the next steps for Tresor Resources?

Tresor Resources plans to process a mini bulk sample of the drill core to conduct a macro diamond test. If successful, this will provide a parcel of diamonds for evaluation and further demonstrate the potential of the Gig diamond pipe.

Summary & Key Takeaways

  • Tresor Resources has been exploring the Gig diamond pipe in Quebec for 20 years, with recent work showing promising results comparable to the Victor diamond mine.

  • The company has completed a large diamond drill program, providing more than 10 tons of fresh kimberlite core for mini bulk macro diamond testing.

  • The micro diamond tests conducted so far have yielded clear, white, and transparent type 2 diamonds, which are rare and highly valuable.

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