Falconbridge Ltd. has teamed up with JML Resources Ltd., a new exploration company, as a venture partner to examine the potential for diamonds on its Marten River properties, about 50 kilometres north of North Bay. Three airborne and ground surveys have indicated kimberlite minerals with high potential for diamond mining. Of the 2500 claims in the area, 460 are owned by Falconbridge, which has invested $6 million over a decade to survey their claims. In preferring to concentrate its efforts on core mining assets, the nickel giant joined with JML, which owns claims in the area, to develop the project further. Though still reviewing the details of the data gathered, they hope to begin mining for diamonds by July or August.
