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Talmora Diamond ( (TSE:TAI) ) just unveiled an announcement.
Talmora Diamond Inc. has provided an update on its exploration efforts in the Seahorse Project, a joint venture with Olivut Resources Ltd. The recent sampling program revealed unexpected findings of micro-diamonds and a macro-diamond, challenging initial assumptions about diamond distribution in the area. Despite the absence of exploitable macro-diamonds in the well-sorted sediments, the discovery suggests potential sources near kimberlite targets. The company plans to conduct a drill program to further investigate these targets, which may impact future exploration strategies and enhance the project’s value for stakeholders.
More about Talmora Diamond
Talmora Diamond Inc. operates in the diamond exploration industry, focusing on identifying and developing diamond resources. The company is engaged in exploration activities primarily through joint ventures, such as the Seahorse Project with Olivut Resources Ltd.
YTD Price Performance: 16.67%
Average Trading Volume: 53,860
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.99M
Learn more about TAI stock on TipRanks’ Stock Analysis page.