Lithoquest Diamonds Identifies 20 Priority Target Areas on North Kimberley Diamond Project
NEWS RELEASE
April 30, 2019
TSX-V: LDI
Lithoquest Diamonds Identifies 20 Priority Target Areas on North Kimberley Diamond Project
VANCOUVER, B.C., April 30, 2019 – Lithoquest Diamonds Inc. (TSX -V: LDI) (“Lithoquest”, or the
“Company”) today announced that it has completed a thorough review of all available data and defined 20
priority target areas on its 100% owned North Kimberley Diamond Project in Western Australia.
Three criteria were used to select the priority target areas: 1) the presence of Kimberlite Indicator
Minerals (KIMs), 2) geophysical anomalies and 3) areas of interest resulting from a geospatial analysis
designed to detect kimberlites. Three target areas met each of the criteria and are considered the highest
priority. A majority of the remaining 17 target areas met at least two of the three criteria.
1. KIM Targets: Rock, stream or loam samples that yielded diamond, KIMs with diamond inclusion
chemistry or KIMs in high abundance were considered significant. 15 targets have been identified
based on the sample results from the 2018 field program and historical KIM occurrences.
2. Geophysical Targets: Magnetic, electromagnetic, radiometric and gravity datasets were
reviewed for anomalies with characteristics typical of a kimberlite pipe. A total of 14 geophysical
targets were identified.
3. Geospatial Analysis Targets: A proprietary algorithm-based geospatial analysis of all available
data relevant to kimberlite and diamond exploration on the property was conducted by Flood
Consulting. The study was focused on the area enclosed by the airborne magnetic survey
conducted in November 2018. A total of 93 targets were identified with 11 considered “very high”
priority, including two targets that ranked higher than the 1804 kimberlite.
Click here to view a pdf map of the area of interest.
The objective of the 2019 field program is to investigate and prioritize the target areas, followed by drill
testing of the most promising kimberlite targets. Field work to define drill targets is expected to commence
in early June and will include geologic mapping, prospecting, geophysical surveying and KIM sampling.
Drilling is expected to begin in August.
Qualified Person
The technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo.,
President, CEO and a Director of Lithoquest Diamonds Inc. and Qualified Person under National
Instrument 43-101.
About Lithoquest Diamonds Inc.
Lithoquest is a Canadian diamond exploration company focused on the discovery and development of
economic diamond deposits on its 100 % owned North Kimberley Diamond Project located in Western
Australia, approximately 65km east of the community of Kalumburu.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Information
This news release includes certain information that may constitute “forward -looking information” under
applicable Canadian securities legislation. Forward -looking information includes, but is not limited to, the
Company’s strategic plans, future operations, future work programs and objectives. Forward -looking
information is necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such forward -
looking information. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. All forward -looking information
contained in this press release is given as of the date hereof and is based upon the opinions and
estimates of management and information available to management as at the date hereof. The Compa ny
disclaims any intention or obligation to update or revise any forward -looking information, whether as a
result of new information, future events or otherwise, except as required by law.
For further information, please contact:
Lithoquest Diamonds Inc.
+1 (778) 373-1485