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| October 23, 2014 --- Vol. 08, No. 43 | October 2014
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Northwest Territories
DIAMONDS – Canterra Minerals Corp. Oct. 21 reported that it has completed a diamond exploration program on its property portfolio in the Northwest Territories, and that partial analysis from the basal till samples collected have returned encouraging results. The properties are located in the Southern Slave region, about 220 kilometers (136 miles) northwest of Yellowknife in an area that continues to deliver significant diamond discoveries and development. The portfolio is located between the Snap Lake Diamond Mine owned by De Beers Canada and the Gahcho Kué Project owned by De Beers Canada and Mountain Province Diamonds. On the company’s Marlin Property, under option to Margaret Lake Diamonds Inc., a total of 126 till samples were collected and results have produced a 1.0 x 1.0 x 1.4 millimeter off-white, modified octahedral diamond, as well as several anomalous indicator minerals including pyropes recovered from neighboring samples. A geophysical program was also undertaken utilizing the HeliFALCON(r) gravity gradiometer system combined with airborne magnetics. A 1,500 line-kilometer survey was flown over the northern portion of the Marlin Property at a 75-meter line spacing and an average 45-meter above terrain and is expected to isolate any high-definition gravity and magnetic anomalies. A digital terrain model together with detailed bathymetry, using WorldView2 high-resolution satellite imagery, also was completed and will enhance data interpretation and potential kimberlite target definition. The exploration program over the entire property portfolio was designed using a systematic analysis of the company’s proprietary database which includes detailed geochemical and geophysical data sets compiled over a 15-year time period. A total of 656 basal till samples were collected during the summer and fall with their selection targeting areas of interest within previously identified kimberlite indicator mineral trains, as well as coincidental geophysical anomalies. Additional results from the till sampling program, as well as the airborne gravity survey are expected by fourth-quarter 2014, and it is anticipated that the compilation of the subsequent data will identify and prioritize potential drill targets for future exploration programs.
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