Honey Badger Exploration (TSXV:TUF) has announced that it has entered into an agreement, subject to certain claims and conditions, to acquire 29 claims located south-east of Wemindji in Quebec.
As quoted in the press release:
The Wemindji claims host a kimberlite sill (1.6 metres to 2.6 metres thick) and a kimberlite dyke that has yielded microdiamonds1. Kimberlite indicator mineral anomalies have also been found on some of the claim blocks and geological interpretations by previous operators indicate that the sill is possibly part of a much larger, and still undiscovered, kimberlite pipe on the property. In addition, the Wemindji kimberlite appears to sit in the eastern extension of the structure that hosts the magnetic anomalies of the LG Diamonds property2.
Quentin Yarie, president and CEO, said:
We are very excited to add the Wemindji claims to our portfolio. To date, only shallow drilling has been done on the property. It is possible that a larger kimberlite pipe is present at depth. Also, the favourable diamond-bearing structure at Wemindji seems to extend to our LG Diamonds Project and our team is eager to initiate an exploration program to investigate this further.
Click here to read the full press release.
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