Strike Diamond Corp. Announces 10,000 Acre Expansion of Garland Camp Position
06.10.2015 | FSCwire
Vancouver, BC (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK)("Strike Diamond" or “the Corporation”) is pleased to report that it has quadrupled its mineral tenure position in the Garland exploration district in Labrador, with new tenure adding a further 10,000 acres of holdings in the area. As a result, Strike Diamond now controls a Garland tenure position exceeding 13,400 acres. The new ground is contiguous with both Equitas Resources Corp. and Athabasca Nuclear Corp., two other prominent exploration companies in the area.“Strike Diamond has achieved its’ near-term objective of becoming a major tenure participant in the Garland exploration camp. In addition to the specific Garland projects we previously announced, this large tenure block provides us important scale to explore for new nickel-cobalt-PGM targets in a setting that is located less than 25km from the producing Voisey’s Bay mine. In addition, we have successfully captured strategic tenure that is adjacent to Equitas Resources’ Garland project where they are currently drilling and recently staked more ground,” stated Ryan Kalt, Chairman and CEO of Strike Diamond.
New Garland Camp Tenure
The newly acquired mineral tenure consists of five new tenure claims, 023464M, 023465M, 023466M, 023467M, and 023468M, comprising a combined total of 165 claim parcels representing approximately 10,065 acres.
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Figure 1: Map of SRK’s Garland Project
A large-scale map of Strike Diamond’s Garland exploration camp mineral tenure may be accessed by clicking here.
The new Garland camp tenure announced today was acquired by Strike Diamond by way of staking and as a result there are no cash or share payments due to optionors. In addition, the new mineral tenure 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 100% interest in a large-scale mineral tenure position in the Garland nickel-cobalt-PGM exploration camp located in Labrador. 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 Corp.
Ryan Kalt, LL.M., M.B.A., Chairman & Chief Executive Officer
778-328-1598
info@strikediamond.com
www.StrikeDiamond.com