Diamond

TSXV:CVV

CanAlaska Uranium (TSXV:CVV) has reported the De Beers’ exploration program is getting ready to start drilling kimberlite targets at its West Athabasca Basin diamond project. As quoted in the press release: De Beers’ recently completed detailed airborne surveys over the diamond project area in the western Athabasca confirmed the presence of several near surface magnetic …

CanAlaska Uranium (TSXV:CVV) has reported the De Beers’ exploration program is getting ready to start drilling kimberlite targets at its West Athabasca Basin diamond project.
As quoted in the press release:

De Beers’ recently completed detailed airborne surveys over the diamond project area in the western Athabasca confirmed the presence of several near surface magnetic anomalies.
Airborne Surveys Identify Targets up to 10 Hectares

De Beers completed a detailed low level airborne survey over the Athabasca diamond project claims using Fond Du Lac as a base of operations. The survey provided significantly better definition of anomaly outlines and identified the presence of various lobes in the case of complex anomalies.
The majority of the magnetic anomalies coincide with lakes, or are in swamps (see photo). The anomalies or clusters of anomalies are up to 10 hectares (25 acres) in size, comparable to many of Canada’s diamond deposits. Some of the anomalies in the centre and south areas of the trend appear to be drillable before winter.
A drill program is scheduled to start at the end of this August and continue into mid-October to test a selection of the accessible land targets. Drilling of the remaining targets that are located under lakes are planned for winter 2017. All drillcore will be shipped to De Beers’ facilities for detailed logging, sampling, and mineral processing.
CanAlaska President Peter Dasler commented, “We now have indications from the survey of a large kimberlite field in the western Athabasca. We are particularly excited that De Beers’ team will be able to produce the first drill core in September. De Beers’ rapid deployment of a drill crew provides CanAlaska shareholders with significant upside value in the short term.”

Click here to read the full press release.

CVV:CA

MARKETS

Markets
TSX20383.77+39.70
TSXV575.64-5.68
DOW34347.03+152.97
S&P 5004026.12-1.14
NASD11226.36-58.96
ASX7259.50+17.70

COMMODITIES

Commodities
Gold1754.60+1.00
Silver21.61+0.03
Copper3.63+0.01
Palladium1856.61+10.62
Platinum984.00+3.00
Oil76.55-1.39
Heating Oil3.21-0.07
Natural Gas6.80-0.51

DOWNLOAD FREE REPORTS

×