The LDG Property is located in the Lac de Gras area of the Northwest Territories,
approximately 12 km and 30 km south of the Diavik and Ekati diamond mines.
The property consists of one large contiguous claim block covering 49,850
hectares in 51 mineral claims that were acquired in late 1999 and early 2000.
Exploration conducted on the property to date has consisted of an 8,444 line
kilometre (75m line spaced) helicopterborne electromagnetic/magnetic geophysical
survey, the collection of approximately 1,500 till samples, 19 ground geophysical
surveys, and drill testing 3 targets. The ground geophysical surveys, exploration
drilling and most of the till sampling was conducted by De Beers Canada Exploration
under the terms of an option agreement which was terminated in the fall of
2002.
While no kimberlites have been discovered on the property to date, kimberlites
are located within 5 km to the east, south, west, northwest and northeast of
the property. Combined with the proximity of the property to Canada’s
two operating diamond mines, Strongbow considers the LDG property to be highly
prospective for the discovery of diamondiferous kimberlites. Till sampling
results define several kimberlite indicator mineral trains, some of which appear
to originate within the property. Interpretation of the airborne geophysical
survey data has led to the identification of numerous potential kimberlite
targets located up ice of anomalous till samples.
Stornoway Diamond Corporation, as part of a current option to earn a 51% interest
in the property, conducted ground geophysical surveys over 40 targets in spring
of 2004. Further till sampling and drill testing of selected targets is planned
for late 2004 and 2005.
LDG
