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Lithoquest Diamonds Identifies 20 Priority Target Areas on North Kimberley Diamond Project
VANCOUVER, BC / ACCESSWIRE / April 30, 2019 / Lithoquest Diamonds Inc. (TSX-V: LDI) ("Lithoq...
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[{"type":"text","content":"Lithoquest Diamonds Identifies 20 Priority Target Areas on North Kimberley Diamond ProjectVANCOUVER, BC / ACCESSWIRE / April 30, 2019 / Lithoquest Diamonds Inc. (TSX-V: LDI) (\"Lithoquest\", or the \"Company\") today announced that it has completed a thorough review of all available data and defined 20 priority target areas on its 100% owned North Kimberley Diamond Project in Western Australia.Three criteria were used to select the priority target areas: 1) the presence of Kimberlite Indicator Minerals (KIMs), 2) geophysical anomalies, and 3) areas of interest resulting from a geospatial analysis designed to detect kimberlites. Three target areas met each of the criteria and are considered the highest priority. A majority of the remaining 17 target areas met at least two of the three criteria. KIM Targets: Rock, stream or loam samples that yielded diamond, KIMs with diamond inclusion chemistry or KIMs in high abundance were considered significant. 15 targets have been identified based on the sample results from the 2018 field program and historical KIM occurrences. Geophysical Targets: Magnetic, electromagnetic, radiometric and gravity datasets were reviewed for anomalies with characteristics typical of a kimberlite pipe. A total of 14 geophysical targets were identified. Geospatial Analysis Targets: A proprietary algorithm-based geospatial analysis of all available data relevant to kimberlite and diamond exploration on the property was conducted by Flood Consulting. The study was focused on the area enclosed by the airborne magnetic survey conducted in November 2018. A total of 93 targets were identified with 11 considered \"very high\" priority, including two targets that ranked higher than the 1804 kimberlite.Click here to view a pdf map of the area of interest.The objective of the 2019 field program is to investigate and prioritize the target areas, followed by drill testing of the most promising kimberlite targets. Field work to define drill targets is expected to commence in early June and will include geologic mapping, prospecting, geophysical surveying and KIM sampling. Drilling is expected to begin in August.Qualified PersonThe technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo., President, CEO and a Director of Lithoquest Diamonds Inc. and Qualified Person under National Ins...