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News Update


Microdiamond, Indicator Minerals Recovered at Explorer's Australia Project
News Update

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Results continue to become available from this year's exploration program.

Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF.OTCPK) announced in a news release that an octahedral microdiamond and numerous kimberlite indicator minerals (KIMs) were recovered during the 2018 field program at its North Kimberley project in Western Australia.

As part of the recently completed campaign, Lithoquest obtained 22 samples from prospective areas of stream sediment and loam on the property, after which Diamond Recovery Services analyzed them for KIMs.

The independent Australian laboratory reported that 13 of the samples contained KIMs, 3,000 chromite grains in one sample for instance. Another sample contained a microdiamond. Several samples contained picroilmenite grains. "The presence of this concentration of indicator minerals suggests that the samples were collected close to a kimberlite source," the release noted.

This year, Lithoquest also recovered about 130 kilograms of kimberlite core from target 1804 at North Kimberley. Currently, the Saskatchewan Research Council is processing select selections of it for KIMs then it will analyze the submitted core in its entirety for microdiamonds. Results are expected in January 2019.

In other news, the airborne magnetic and radiometric survey, in which 7,550 line-kilometers of data were collected, is now done. Lithoquest will use the results to delineate and select targets for next year's drill program, paying special attention to areas in which high-interest KIMs were recovered.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lithoquest Diamonds. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Lithoquest Diamonds, a company mentioned in this article.

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