Lithoquest Diamonds Inc. (LDI:TSX.V;CWVWF.OTCPK) recently announced beginning the 2018 drill program on its 100% owned North Kimberley Diamond Project in Western Australia. The company recovered micro-diamonds from a small sample of outcrop in April, so it just deployed a truck mounted diamond drill rig to target area 702.
Drilling is also anticipated at target area 701, and the rig has been set up to recover HQ and NQ sized core suitable for geological interpretation and diamond analysis. When drilling is completed, results will be released.
Additionally, three new high-priority kimberlite targets have been identified by field work which is currently being conducted at the property. These targets are supported by historical results which include kimberlite indicator minerals as well as diamonds.
Through the month of August, field work will continue in order to identify additional targets. To drill the new targets, an application for a Program of Work has been submitted to the Western Australia Department of Mines, Industry Regulation and Safety.
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1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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