Strike Diamond Corp. Acquires the Notakwanon Project in the Garland Exploration Camp
21.09.2015 | FSCwire
Vancouver, BC (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or “the Corporation”) is pleased to report that it has acquired the Notakwanon Nickel-Cobalt-PGM Project located within the Garland Exploration Camp in Labrador.“Strike Diamond is pleased to further increase its early-mover tenure position in the Garland exploration camp. The mineral tenure underlying the Notakwanon project has significant history which was well-noted by the market when Inco Limited led the region’s prior exploration push. New advances in airborne technology since that time, combined with renewed market interest in the Garland region, provides an ideal window for Strike Diamond to bolster its holdings in the area,” stated Ryan Kalt, Chairman and CEO of Strike Diamond.
Notakwanon Project Background
The Notakwanon Project is located approximately 40km SE of the Voisey’s Bay mine and is located approximately 4km SW of the Garland Project being explored by Equitas Resources Corp. It consists of two mineral licenses, License 023405M and 023406M, which combined have a total of 20 claim parcels, representing more than 1,200 acres.
With the exception of five claim cells, the Notakwanon Project now held by Strike Diamond replicates the ground underlying the Notakwanon Project formerly held by Freeport Resources Inc., who had established a position in the Garland camp during the mid-1990s.
A staking rush is presently occurring in the Garland region based on equity market interest and advances in exploration technology that may now allow for the identification of new targets modelled after the nearby Voisey’s Bay mine.
Map of the Notakwanon Project
A large-scale map of the Notakwanon Project may be accessed by clicking here.
The Notakwanon Project was acquired by Strike Diamond through staking and as a result there are no cash or share payments owed to any optionors. In addition, the project is royalty-free.
About Strike Diamond Corporation
Strike Diamond Corporation (TSXV:SRK) is the Operator of an 80% interest in the Sask Craton Project which represents the largest publicly-traded mineral tenure position in the Pikoo diamond camp. In addition, Strike Diamond holds a significant mineral tenure presence in the Garland Nickel-Cobalt-PGM exploration camp through 100% interests in the Garland I, Garland II, Garland III and Notakwanon projects. For more information about Strike Diamond Corp., 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 Corporation
Ryan Kalt, LL.M., M.B.A.
Chairman & Chief Executive Officer
778-328-1598
info@strikediamond.com
www.StrikeDiamond.com