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De Beers Moves Ahead with Canada Exploration

Jun 28, 2016 9:35 AM   By Rapaport News
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De Beers will test specimens of kimberlite indicator material from a project in an underdeveloped part of Canada after completing sampling at the site in the Northwestern Athabasca basin.

The miner invested up to $15.6 million (CAD 20.4 million) in the joint venture with Toronto-listed CanAlaska, which staked claims to kimberlite-style targets at the West Athabasca project.

The De Beers exploration team has collected more than 100 samples of kimberlite indicator mineral, which will now be processed in De Beers laboratories to establish further evidence of kimberlite “intrusives” associated with the anomalies staked by CanAlaska.

A second phase of exploration will commence in the next few weeks for detailed magnetic mapping of staked targets and other significant features. An airborne magnetic survey by a specialized aircraft will define the targets in preparation for drilling.
Tags: Canada, CanAlaska, De Beers, exploration, mining, Northwestern Athabasca, Rapaport News, West Athabasca
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