Overview
Strongbow presently holds an interest in approximately 77,275 ha of mineral
claims in the Lac de Gras region of the Northwest Territories. The Lac
de Gras kimberlite
field is the most prolific diamond field in Canada, hosting both the Ekati
and Diavik diamond mines. The first kimberlites were discovered in the early
1990’s and since then over 200 have been discovered within the region.
Strongbow’s claims are grouped into four different properties (LDG, Starfish,
Daring Lake, and Fry Inlet), all located between 10 and 50km from at least
one of the operating mines.
The Lac de Gras region is located near the centre of the Archean Slave structural
Province. The Slave Province is a composite granite-greenstone terrane composed
of volcano-sedimentary sequences overlying some of the oldest basement rocks
in the world. The Slave represents a classic target area for exploration for
diamondiferous kimberlites. Furthermore, the presence of many diamondiferous
kimberlites in the region indicates that (i) the area is or was underlain by
diamondiferous mantle material, (ii) kimberlite magmas have passed through and
may have sampled these diamondiferous regions during their ascent to the Earth’s
surface, and (iii) diamonds have been both transported to surface and preserved
during the transport process.
In May, 2004, Strongbow announced an agreement with Stornoway Diamond Corporation
under which Stornoway can earn up to a 60% interest in the LDG, Starfish,
and Daring Lake properties
by spending $3 million over a three year period, including $800,000 during the
first year of the agreement.
