Nov 13 2014
Strike Graphite Corp. is pleased to announce that it has completed a fall exploration program on selected portions of its approximately 1.34 million acre (542,000 hectares) optioned portfolio of mineral claims located within east-central Saskatchewan.
The Sask Craton Property and the Sask Craton North Property represent the largest mineral tenure position in an emerging diamond exploration district established by the recent discovery of diamondiferous kimberlites on North Arrow Minerals Inc. and Stornoway Diamond Corp.'s Pikoo property (the "Pikoo Property").
The Sask Craton, which is interpreted to exceed 100,000 square kilometers, extends for more than 200 kilometers along strike. The Company believes this tectonic setting to be ideal for the emplacement of diamondiferous kimberlite. Other notable kimberlite fields within the Sask Craton include those at Candle Lake, Fort a la Corne and Pikoo.
This fall, the Company retained Dahrouge Geological Consulting Ltd. of Edmonton, AB to compile and review government and private aeromagnetic data. Importantly, a total of 118 glacial till samples were collected, as follows:
- 26 samples as part of a broad regional exploration program across the Sask Craton property; and
- 92 samples on the Sask Craton North and Sask Craton properties proximal (both down ice from and up ice of) to the Pikoo Property, which is host to multiple diamondiferous kimberlites.
Till sampling is used in the identification of Kimberlite Indicator Minerals (KIMs), which were instrumental in identifying two known kimberlites at the adjacent Pikoo Property (as well as at other diamond districts in Canada). Recent sampling within the region (by others) has shown the presence of multiple KIM trains, which suggests multiple kimberlite sources. Kimberlites commonly occur in clusters which can be up to 50 km across. As is evidenced by the Slave Structural Province within Canada's north, multiple clusters can occur within a kimberlite province, spread across 100's of kilometers.
Geoff Balderson, President and CEO, stated, "I look forward to receiving the results of our recent exploration program, as the Sask Craton area is in many ways reminiscent of the early discoveries at Lac de Gras, which ultimately led to the discovery of diamondiferous kimberlites and multiple diamond mines."
A Map of the Company's diamond properties in the Sask Craton region may be accessed here:
http://www.strikegraphite.com/images/srk_sask_craton_properties.pdf
Till samples collected during the fall of 2014 will be processed at the Saskatchewan Research Council, located in Saskatoon, Saskatchewan for identification of minerals that are indicative of diamond-bearing kimberlites (KIMs). Processing is expected to begin shortly, with the results anticipated around mid-December.