A Canadian diamond company is announcing positive results from a summer drilling project in Saskatchewan’s north.
During June and July, North Arrow completed 10 drill holes at the Pikoo Project, located about 120 km east of La Ronge.
CEO Ken Armstrong says test results indicate a high micro diamond count, which means the area can be considered a new diamond district in Canada.
Armstrong says North Arrow acquired an 80% interest in the project during the summer, and will continue consultations which were started by the previous company:
“We have been in touch with the Peter Ballantyne Cree Nation as the sort of over-arching First Nation of the local community, Pelican Narrows and Deschambault Lake. Stornoway, the initial operator on the project, engaged with the community and had meetings in both communities. North Arrow will be taking over that.”
The company has access to over 33,000 hectares in the area.
Exploration plans for 2014 are underway and the work is expected to include drilling, geophysical surveys and till sampling.
Armstrong says one benefit for any potential development is that the location is close to transportation and power, situated within 10 km of Highway 911.