Canterra Begins Northwest Territories Diamond Exploration
Canterra Minerals Corp. (TSXV:CTM) announced that it has started a diamond exploration program at its portfolio of properties in the Northwest Territories’ Southern Slave region.
Canterra Minerals Corp. (TSXV:CTM) announced that it has started a diamond exploration program at its portfolio of properties in the Northwest Territories’ Southern Slave region. The properties are located between the Snap Lake diamond mine and Gahcho Kue project.
The company also said it recently increased its aggregate claim and lease holdings in the Southern Slave region to 74,673 hectares.
As quoted in the press release:
Exploration crews have been mobilized to undertake a detailed basal till sampling program on the Hilltop, King, Marlin, Prism and Gwen properties — each of which hosts indicator mineral trains that comprise chromites, ilmenites and numerous G10 garnets, sourced from within the diamond stability field and which are potentially associated with diamond-bearing kimberlite sources. Till samples will target areas of interest within these known kimberlite indicator mineral trains as well as geophysical anomalies. It is anticipated that the compilation of this data will identify and prioritize potential drill targets for future programs. This exploration strategy has been designed using a systematic study of the Company’s proprietary kimberlite indicator mineral database, as well as detailed geophysical data sets which were compiled over a 15 year time period.
Randy Turner, CEO of Canterra, commented:
This exploration season will give the Company an opportunity to combine results from previous exploration with the more recently advanced techniques that improve interpretative accuracy and precision. As one of only a few explorers with a proven track record of mine discovery and development, we are dedicated to continuing our long history of diamond exploration success and with a recently closed Private Placement of $2,000,000 we are well positioned to achieve our objectives.