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De Beers to Invest in Canada Exploration
May 22, 2016 8:03 AM
By Rapaport News
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RAPAPORT... De Beers said it will spend up to $15.6 million (CAD 20.4
million) on hunting for diamonds in an underexplored part of the Canadian
province of Saskatchewan.
The miner entered into an agreement wih CanAlaska, a company
that has staked claims to kimberlite-style targets in the Northwestern
Athabasca basin. The claims have been “optioned” to De Beers.
There is currently little
exploration work in this area of the basin, the companies said. The 17,400-hectare areas is home to 75 kimberlite-style
targets developed from a study carried out on behalf of the Saskatchewan
Geological Survey.
“These targets fit all the
geological and geophysical criteria of kimberlites,” said Peter Dasler,
president of CanAlaska. “The location of the targets within a thick sequence of
crustal rocks and their clustering around major structural features provides a
compelling target for CanAlaska and De Beers.”
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Tags:
Canada, CanAlaska, De Beers, exploration, mining, Northwestern Athabasca basin, Rapaport News, Saskatchewan
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