Titan Drilling has begun drill testing up to ten kimberlite targets on the Afridi Lake property in the Northwest Territories. The targets were outlined by a previous airborne and ground geophysical survey.
The first target comprises an electromagnetic anomaly immediately to the west of the DA-2 kimberlite. Drilling will also test a gravity low, at a prominent structural intersection, about 350 metres east of the DA-3 kimberlite.
The diamondiferous DA-1, 2 and 3 kimberlites were discovered in early 1996. The largest stone recovered from the three kimberlites came from DA-3. The dodecahedral fragment measures 1.12 by 0.83 by 0.24 mm.
Mantle Resources (MIN-V) owns an undivided 100% interest in the 200-sq.-km property. Earlier this month, Shear Minerals (SRM-V), Dasher Energy (DHR-V) and International Samuel Exploration (SAZ-V) inked a deal to earn a quarter-interest in the property by collectively expending $250,000 on exploration and converting selected mineral claims to mineral leases.
The three will also issue 100,000 shares to Mantle for each diamondiferous kimberlite intrusion discovered on the property to a maximum of three. So far, Mantle Resources has turned four variably diamondiferous, but presently uneconomic, kimberlite intrusions.
The property is situated about 320 km northeast of Yellowknife, within the prolific Lac de Gras kimberlite field, which plays host to the Ekati and Diavik mines.
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