Crystal Exploration Finalizes Diamond Projects Acquisition

Mining and Exploration
04/12/2015 16:38

Crystal Exploration, a Canadian mineral exploration company recently announced the closing of their diamond projects acquisition. The properties are within the highly prospective northern portion of the Slave Structural Province of the Canadian Shield, and contain the Muskox, Rush and James River diamond bearing kimberlites. Most noteworthy is the Muskox kimberlite which was previously discovered in 1996 by DeBeers Canada and explored through joint venture with Tahera Corp. to 2006. President and CEO, Jim Greig commented, “Crystal is extremely excited to work and develop these projects where tens of millions of dollars of exceptional geological work was performed in the past. Rough diamond prices have increased near 200% since the historical exploration programs performed during the 1990’s and 2000’s. In addition to revisiting and understanding the potential at the Muskox diamond bearing pipe, the Crystal team is examining over 113 anomalies where De Beers Canada originally reported 15 high priority drill targets.”