Jul 20, 2020
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King Property

Northwest Territories

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Located in the South Slave Region of the Northwest Territories, ~230 km northeast of Yellowknife and ~3.5 km north of the Snap Lake Diamond Mine

2 mineral leases covering ~2,000 ha

The King Property is located north of and contiguous to the Snap Lake Diamond Mine owned and operated by De Beers Canada. The kimberlite body at Snap Lake is a 2.5 m thick dyke gently dipping to the east-northeast with a northwesterly strike. Previous drilling and seismic survey results indicate that the down dip extension of the Snap Lake kimberlite dyke extends onto the King Property at depth.

Historical exploration on the King Property included surficial and bedrock geological mapping, airborne geophysics, till sampling and diamond drilling. Kimberlite with similar petrography, mineralogy and diamond content to that of the Snap Lake kimberlite was intersected at depths of ~1,100 to 1,450 m in five vertical drill holes on the King Property. This kimberlite has a true thickness of up to 1.6 m, and is likely the down dip extension of the Snap Lake kimberlite dyke.

The King Property is owned 100% by Canterra Minerals Corporation.