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Hirakund is the second wholly-owned subsidiary of Pebble Creek. Gyan C. Singhai is Board Chairman and the rest of the Board of Directors consists of R.C.Tyagi, Andrew E. Nevin and N.K. Jain. Vijay S. Mathur is Senior Vice President.
 N.K. Jain - Director, Bhopal, Madhya Pradesh, India
Mr. Jain is a Professional Engineer retired from a long career with Bharat Heavy Electricals Ltd. He is currently Director (Technical) of Ingenious Consultants & Services Pvt. Ltd., of Bhopal, which specialises in power and transportation. He has vast experience in industrial development throughout India and is active in community affairs.
History. Hirakund (the name means "Diamond Mine") started out as a diamond exploration company. In May 2006 it executed a Reconnaissance Permit ("RP") in the Banda District of Uttar Pradesh. Even though diamonds are found in alluvium in Banda, studies by De Beers and by the Company in 2007 did not find any compelling reason to explore the prospect further for concealed kimberlite or lamproite pipes. Accordingly the Company relinquished the RP and returned it to the UP government in March 2009 and wrote off the cost of the project.
Hirakund holds applications on two other diamond prospects in Madhya Pradesh and Jharkhand.
General Exploration. Hirakund works out of the same office as Adi in New Delhi, but as Adi increasingly concentrates on moving its Askot project closer to production, Hirakund has become a Pebble Creek vehicle for scouting new acquisitions.
Most recently Hirakund applied for an RP of 4,963 square kilometers over and surrounding ancient copper workings in Churu District, Rajasthan state. The Geological Survey of India and the Rajasthan Directorate of Mines and Geology have studied and reported on copper in the region and the Company has scouted the geologic setting. Nearly all bedrock is concealed by sand dunes and thin veneers of sand and soil. Rock outcrops are rare ridges that poke up through the sand. The rock formations are metamorphosed rhyolites, basalts, granites and sediments of the Precambrian Delhi Supergroup, which hosts the productive Khetri Copper Belt located 150 kilometers to the east-northeast.
Six areas show evidence of copper mineralization or historic copper mining. Evidence includes remnants of shafts, tunnels, subsidence craters and deposits of smelter slag, corroborated by geologic reports and local residents. Copper oxide minerals and jasperoid gossans are present in float and some outcrops.
The setting is suitable for exploration by airborne geophysical methods criss-crossing known trends in the bedrock geology.
(Updated June 12, 2009)
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