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Altius Subsidiary Adia Resources Reports Drill Program Results for Lynx Diamonds Project

Mining News - Published on Tue, 03 Dec 2019

Image Source: businesswire.com
Adia Resources Inc has received the results of microdiamond analysis from its Lynx Diamond Project located approximately 25 kilometers southeast of the Bunibonibee Cree Nation community of Oxford House in Manitoba in Canada. The drilling results confirm the thickness and continuity of the diamond bearing ultramafic units identified from outcrop sampling in 2017 and 2018 and demonstrate the large-scale diamond potential of the property. The Company notes that nearly all drill core samples of the ultramafic units in all three holes returned significant numbers of microdiamonds.

This was the first drilling program on the project. It consisted of three drill holes completed during the winter of 2019 at the Eastern Bay zone. The analysis of drill core samples was carried out by De Beers Group under the terms of the equity support and participation agreement between Adia and De Beers.

While the abundance and distribution of microdiamonds throughout the thick and extensive ultramafic units is encouraging at this early stage of work, future exploration will focus on zones within the ultramafic package that host coarser diamonds with the potential for commercial value.

The company is fully permitted for a planned Phase 2 drill campaign for winter 2020 to test for further extensions of the unit and to better define the internal stratigraphy and diamond distribution of the Eastern Bay zone. The program will also include the first drill holes to test the diamondiferous Western Bay zone.

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Posted By : Rabi Wangkhem on Tue, 03 Dec 2019
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