Altius Subsidiary Adia Resources Reports Drill Program Results for Lynx Diamonds Project
TEST Business Wire Releases•November 26, 2019
https://www.businesswire.com/news/home/20191126005296/en/The drilling results real meaning are above my cursory reading grade
but this PG prospect passes De Beers threshold for phase 2 drill campaign so it's at least a mild positive in my book.
"This was the first drilling program on the project. It consisted of three drill holes completed during the winter of 2019 at the Eastern Bay zone. The analysis of drill core samples was carried out by De Beers Group ("De Beers") under the terms of the equity support and participation agreement between Adia and De Beers.
While the abundance and distribution of microdiamonds throughout the thick and extensive ultramafic units is encouraging at this early stage of work, future exploration will focus on zones within the ultramafic package that host coarser diamonds with the potential for commercial value.
The company is fully permitted for a planned Phase 2 drill campaign for winter 2020 to test for further extensions of the unit and to better define the internal stratigraphy and diamond distribution of the Eastern Bay zone. The program will also include the first drill holes to test the diamondiferous Western Bay zone."
