Sep 24, 2019

Drill Testing to Commence Soon on Three Targets on the North Kimberley Diamond Project

Lithoquest Diamonds Inc. has identified three targets which it has selected for drill-testing on its 100% owned North Kimberley Diamond Project (NKDP), covering an area of 1,500 sq. km.  

The Company said that geophysical data and Kimberlite Indicator Mineral (KIM) Results   from the Phase I exploration programme, which was completed in June 2019, was   combined with 2018 results and archival data, to generate the drill targets. These have   been identified as Targets 1805, 1826, and 1827.  

Lithoquest Diamonds provided the details of each the three targets.

“Target 1805 is located approximately two kilometres west of kimberlite 1804 and is defined by a 1.4-kilometer linear feature identified in magnetic and gravity data,” the Company outlined. “The gravity response   is notably wider along the eastern 300 meters of the linear feature, suggesting a potentially larger body. Kimberlite indicator minerals, including three diamonds, are also associated with target 1805.”

The Company went on to say: “Target 1826 is characterised by a well-defined KIM dispersion that exhibits a KIM cut-off in proximity to a discreet circular magnetic anomaly. This relationship is consistent with other known kimberlites.”

Finally expounding on the third target, Lithoquest Diamonds said: “Target 1827 is defined by a well-constrained KIM anomaly that includes chromite and pyrope garnet grains. Five diamonds (four historical and one from the 2018 sampling programme) are also associated with target 1827. The abundance and apparent cut-off of the KIM's associated with the target suggests a local source.”

"Results to date indicate excellent potential for the discovery of diamond-bearing kimberlites in the upcoming drill program,” stated Bruce Counts, President and CEO of Lithoquest. "The Company has rapidly developed compelling targets in an area where indicator minerals, including diamond, have been recovered in surface samples. Additional areas of interest are expected to emerge as the remaining results from the Phase I field programme are received.”

The drill programme scheduled to start in the first half of October will commence with the   mobilisation of a “reverse circulation drill rig” to the site. “Samples of the drill cuttings will be collected and logged on site under a strict QA/AC protocol,” the Company stressed. “An XRF (X-ray fluorescence) instrument will be used to confirm the presence of kimberlite. If intersected, samples of the kimberlite will be submitted to an Australian laboratory for indicator mineral analysis and diamond testing.”