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Stornoway Diamond Corp. To Participate in Pikoo East Option With Canadian International Minerals Inc. and North Arrow Minerals Inc.
(via Thenewswire.ca) NOVEMBER 21, 2014 / TNW-ACCESSWIRE / Vancouver, British Columbia ...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Stornoway Diamond Corp. To Participate in Pikoo East Option With Canadian International Minerals Inc. and North Arrow Minerals Inc.(via Thenewswire.ca)\n \n \nNOVEMBER 21, 2014 / TNW-ACCESSWIRE / Vancouver, British Columbia - Canadian International Minerals Inc. (\"CIN\" or the \"Company\") (TSX-V: CIN) has been notified by North Arrow Minerals Inc. (\"North Arrow\") (TSX-V: NAR) that Stornoway Diamond Corp. (\"Stornoway\") (TSX: SWY) has exercised its right to participate in the Pikoo East option agreement between CIN and North Arrow.\n\n \n \nNorth Arrow and Stornoway will conduct the work through their pre-existing joint venture on the Pikoo diamond project, and will fund the work in proportion to their respective interests in said project. All other terms of the option agreement announced September 23, 2014 remain the same.\n\n \n \nNorth Arrow and Stornoway may earn a 70% interest in the Pikoo East properties by funding exploration and evaluation of the Properties to a kimberlite discovery (including drilling, sampling, and indicator mineral testing) on any of the Properties within a three year option period.\n\n \n \nPikoo East Properties\n\n \n \n11 till samples have been collected on the Pikoo East properties under the option agreement. The samples have been submitted to Microlithics Laboratories Inc. of Thunder Bay, Ontario for kimberlite indicator mineral (KIM) processing. Results are expected in early 2015, and details on the processing method can be found at www.microlithics.com/kim-laboratory/\n\n \n \nThe Pikoo East properties are comprised of 5 claims totalling 3,447 hectares. The A group directly adjoins North Arrow / Stornoway's Pikoo property, and the B group lies approximately 7 km northeast of Pikoo's northern boundary. A map of the properties can be found on the Company's website at www.cin-v.com/#!saskatchewan-diamonds/c159e\n\n \n \nAbout Canadian International Minerals Inc.\n\n \n \nIn addition to the Pikoo East properties, CIN has acquired over 110,000 hectares of claims in the vicinity of the Pikoo diamond discovery, the majority of which cover a major regional fault structure (Tabbernor Fault). These claims were staked after re-analysis of historical airborne magnetic and EM data.\n\n \n \nOn behalf of the Board of Directors,\n\n \n \n\"Michael E. Schuss\"\n\n \n \nMichael E. Schuss\n\n\n \nPresident a...