Makena Acquires DB Diamond Project

June 29, 2016

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Makena Resources (TSXV:MKN) has entered into a share purcahse agreement with DB Holdings Inc. DB’s assets consist of 4,060 hectares prospective of diamonds in the Athabasca Basin.

Negar Adam, president of Makena, said:

We are very pleased to acquire this diamond prospect in Saskatchewan.  In recent weeks, interest in the Saskatchewan diamonddistrict has skyrocketed in light of De Beers Canada Inc.’scommitment to expenditures of up to $20.4-million. This is earmarked for kimberlite-style targets staked by CanAlaska in the northwestern Athabasca basin located inSaskatchewan.  We are pleased to be acquiring this prospect in Saskatcehwan’s emerging diamond district.  This is an exciting period for Makena’s shareholders as we are acquiring this new prospect and have a planned drill program in July on our Patterson Uranium prospect.

Click here to read the full press release.

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Category: Gem