Margaret Lake Diamonds Identifies 12 Drill Targets

Margaret Lake Diamonds Inc. (TSXV:DIA) announced that it’s completed a review of airborne gravity gradiometry data acquired for its Margaret Lake property late last year. In doing so, it has identified 12 high-priority targets to evaluate via drilling.

As quoted in the press release:

The Margaret Lake Diamond Property (the ‘Property’ or the ‘Claims’) is comprised of 19 mineral claims totalling 19,716 hectares (48,720 acres) contiguous to the north and west of Kennady Diamonds Inc.’s Kelvin and Faraday projects. MLD earned a 60% interest in the Property in 2014. The Property is located 300 kilometres (‘km’) east-northeast of Yellowknife in the District of Mackenzie, Northwest Territories. The Claims lie just 78 km north of the East Arm of Great Slave Lake, and are in proximity to the De Beers / Mountain Province Diamonds Gahcho Kué joint venture, which is currently under construction as Canada’s next diamond mine.

The 12 high priority targets were selected from over 60 distinct gravity anomalies generated by the AGG survey. Targets were given priority based on anomaly strength, shape, and structural setting. Anomalies with favourable coincident magnetic and electromagnetic (‘EM’) responses were assigned a higher priority, as were those in the vicinity of till derived indicator minerals from prior exploration surveys.

Click here to read the full Margaret Lake Diamonds Inc. (TSXV:DIA) press release.