The Zeus property was acquired by staking in winter 2018. It covers a portion of Lac de Gras and the north shore and is located only 11 kilometers south of the Ekati Diamond mines’ Fox kimberlite which is the southerly most kimberlite body in a linear trend of economic deposits at Ekati. The Zeus property is strategically located directly along this trend.
This trend of significantly diamondiferous kimberlite bodies is further validated by New Nadina’s Monument project adjacent to the southwestern boundary of the Zeus property. Monument contains several kimberlite bodies where initial sampling has collectively returned encouraging diamond counts. The potential for new discoveries in this brownfields area is further emphasized by North Arrow Minerals Inc.’s recent announcement of a new kimberlite discovery on their Loki project adjacent to the southeastern boundary of Zeus and on trend with this string of significantly diamondiferous kimberlite bodies including those in the Ekati mine plan.
The Company intends to employ modern kimberlite exploration techniques along with hands-on discovery knowledge of the Lac de Gras kimberlite field to add discovery to this apparent “gap” in the trend. The Zeus property has been open ground and unexplored for over 5 years.