Prima Flurospar Changes Name, Switches Focus to Diamonds

Prima Fluorspar Corp. (TSXV:PF) announced that it has entered into a property option agreement with DG Resource Management Ltd. under which it can acquire an undivided 100-percent interest in 46 mineral claims called the Godspeed Lake diamond property. They are located in the Northwest Territories.

As quoted in the press release:

Reflecting its new focus on diamond exploration, the Company also announces that it has changed its name to ‘Prima Diamond Corp.’ and will now trade under the symbol ‘PMD’ on the TSX Venture Exchange (the ‘Exchange’), which is subject to Exchange acceptance.

Robert Bick, president and CEO of Prima, commented:

Diamond exploration in Canada is attracting increased attention with world diamond supplies dwindling as several of the bigger mines decrease production while the demand for diamonds is increasing with particular growth in China andIndia.

The Godspeed Lake Diamond Project borders Gahcho Kué considered to be the world’s largest and richest new diamond mine. Godspeed is within 5 kilometers of the heart of the Kennady Diamond Kimberlite Cluster.

Godspeed is significantly under-explored compared with other properties in this area and represents excellent potential to discover additional kimberlites.

Click here to read the full Prima Fluorspar Corp. (TSXV:PF) press release.