Strike Diamond Corp. Announces Discovery of Kimberlite Indicator Minerals at Sask Craton Properties (Pikoo District)

Vancouver, BC (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or “the Corporation”) is pleased to report the results of its inaugural till sampling program conducted last fall at its Saskatchewan diamond exploration project. That exploration program was designed to sample select portions of the Corporation’s Sask Craton and Sask Craton North properties which tie-on to or are proximate to North Arrow Minerals Inc. and Stornoway Diamond Corp.'s Pikoo Property where diamondiferous kimberlites have recently been discovered.

A total of 86 collected till samples were analyzed, with the samples taken from tenure representing a small but high-priority portion of the extensive mineral tenure held by Strike Diamond in the Pikoo diamond exploration district. As further described below, the initial results have revealed multiple kimberlite indicator minerals which may suggest the potential for one or more kimberlite trains on mineral tenure held by the Corporation.

"Strike Diamond is pleased to release the results of our inaugural till sampling program within the Pikoo district. The exploration work managed by Dahrouge Geological suggests that our Sask Craton properties hold a significant number of KIMs and potentially multiple KIM trains. Equally exciting, since the time we collected our inaugural till samples last fall, the number of apparent unsourced kimberlite indictor trains has spiked from the two originally identified by North Arrow to more than ten distinct indicator trains now disclosed by multiple public companies. This proliferation of potential KIM trains speaks to the possibility that the Pikoo-area kimberlite bodies occurred as a cluster, something which would be consistent with many other kimberlite districts," stated Ryan Kalt, President and Chief Executive Officer of Strike Diamond.

A map of the Corporation’s inaugural till sampling results may be found on the Strike Diamond website:
http://www.strikediamond.com/s/Till_Sampling_Results_Fall_2014.jpg

Till samples collected during the fall of 2014 were shipped to and micro-probed by the Saskatchewan Research Council (SRC) in Saskatoon, Saskatchewan. GeoMicroprobe results were forwarded to Dr. Roger Mitchell of Thunder Bay Ontario, for characterization.


Overview of Regional Results

Sask Craton East Area (SC East)

Highlights:

- Two potential KIM dispersion trains identified; and

- A Cr-pyrope (G9) garnet KIM was identified on Strike Diamond tenure within SC East in an area which is up-ice of several regional samples collected by other listed companies, indicating the possible continuation of an emerging KIM train. This sample was flanked by several additional sample sites all with a number KIM’s; and

- A sample site with a chromite >60% Cr2O3 and mantle olivines (>80% Fo, >0.3% NiO) was collected up ice from a potential KIM train identified by another public company.

At 39 till samples, the SC East area saw the greatest number of KIM samples collected and analyzed. However, unlike more linear line till sampling conducted elsewhere in the region (which has subsequently proven effective at sampling potential ribbon-like effects of indicator trains in the area), Strike Diamond’s inaugural program was more regional (see sample locations shown in the above map). Consequently, significant line-based infill sampling is expected to be required in order to fully assess the property’s potential.

The central site of this area has multiple diverse indicators and is situated within about 8 km down-ice of a cluster of small (<250 m diameter), subtle, magnetic anomalies visible on publicly-available geophysical maps. The eastern site is approximately 5 km up-ice of a potential KIM train defined by Alto Ventures Ltd. It is not known if this till sample locus represents the continuation of that train, or is separate and unique.

Sample sites with potentially kimberlitic (mantle) olivine grains are important as this indicator mineral does not typically travel far due to its structural fragility and susceptibility to weathering. As a result, these target sites are considered a priority for future exploration work.


Sask Craton South Area (SC South)

Highlights:
- Two potential KIM dispersion trains identified; and

- 14 sample sites with KIM’s, including high Chrome (>60% Cr2O3) Chromite’s, Picroilmenites, and mantle derived Olivine; and

- A single sample site, considered to be near-source, with a diverse array of over 55 KIM’s including mantle derived Chromites, Picroilmenites and Olivine.

The SC South area identified multiple sample sites with multiple kimberlite indicator minerals. Based on 17 till samples collected and analyzed within the area, additional regional sampling is required to identify the source of specific KIM indicator mineral sites and potential KIM trains with this area.


Sask Craton North Area (SC North)

The SC North area returned seven sample sites with mantle derived KIM grains, out of the 30 sites sampled. Additional sampling is warranted within the southeast part of this area, where only limited samples were collected during 2014.


Disclosures:

The technical information above has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by William Miller, P.Geol., of Dahrouge Geological Consulting Ltd., a qualified person.

The Corporation cautions that results on adjacent or nearby properties may be different than those results ultimately obtained on mineral tenure held by Strike Diamond. The Corporation further cautions that exploration within the Sask Craton region, including on the Sask Craton and Sask Craton North properties, is early-stage and as such is inherently speculative.


About Strike Diamond Corporation

Strike Diamond Corporation is the operator of an 80% interest in the Sask Craton Property and the Sask Craton North Property which represent the largest publicly-traded mineral tenure position in the emerging Pikoo diamond exploration camp first established by the discovery of diamondiferous kimberlites on North Arrow Minerals Inc. and Stornoway Diamond Corp.'s Pikoo Project. For more information visit www.StrikeDiamond.com.


Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact Information:

Strike Diamond Corp.
Ryan Kalt, President & Chief Executive Officer
1-403-410-3817
info@strikediamond.com
www.StrikeDiamond.com