Burgundy Mine delineation drilling set to commence

May 22, 2024

burgundy aBurgundy Diamond Mines Limited announces the commencement of our delineation and geotechnical drilling program at Sable next week, focused on determining the size and geotechnical information of the ore body below the current open pit operation.

The program will consist of up to 17 drillholes totalling ~5,865 meters. The results of the reverse circulation drilling program completed last quarter, and the results of the upcoming delineation program, are scheduled to be released this year as a prefeasibility study and/or an updated Mineral Resource and Ore Reserve table, which will be incorporated into Burgundy’s updated mine-life plan.

Burgundy Diamond Mines Chief Executive Officer & Managing Director, Kim Truter said, “We successfully completed our reverse circulation drilling program at Sable last quarter, which will evaluate our diamond population at depth, in terms of grade and quality. Burgundy already has a strong understanding of the Sable product from the open pit, so it is now a case of confirming this for the deeper portions of the ore body.”

“We are excited about the size of the ore body at depth, which will be determined through our drilling work starting next week. To put Sable underground’s potential into perspective, our Misery operation’s ore body is almost half the surface area size of Sable at an equivalent position below the open pit, and Misery underground has been in production for almost five years with no signs of slowing down.

We have limited historic drilling in the deeper portion of the pipe as an underground operation was not considered by previous owners, so the tonnage upside for Ekati could be substantial. This is another important program for cementing our mine-life extension work, which is progressing very well.”

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