Canadian Mining Journal

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Canterra Minerals carves out more ground in diamond country

Randy Turner – the man who guided Winspear Diamonds from the discovery of the Snap Lake diamond deposit in northern Canada to its sale to De Beers for $305 million in 2000 – is back at diamond exploration again in the same part of...



Randy Turner – the man who guided Winspear Diamonds from the discovery of the Snap Lake diamond deposit in northern Canada to its sale to De Beers for $305 million in 2000 – is back at diamond exploration again in the same part of Canada’s far north with Canterra Minerals (TSXV: CTM).

In April the junior announced it had staked 43 new mineral claims covering more than 43,000 hectares in prime diamond country: The southern portion of the Slave Province in the Northwest Territories between De Beer’s Snap Lake diamond mine, and the Gahcho Kué project owned by De Beers and Mountain Province Diamonds (TSX: MPV; NYSE-MKT: MDM).

Slave Province includes the prolific Lac de Gras and Southern Slave areas that host three of Canada’s four producing diamond mines, and Canterra’s staking operation adds three new properties to its portfolio and expands two of its existing properties, bringing the company’s total land holdings in the Southern Slave to 72,620 hectares. All of the properties host indicator mineral trains composed of G10 garnets, chromites and ilmenites that are potentially associated with diamond-bearing kimberlite sources, the company says.

Read the complete article at NorthernMiner.com/news/canterra