Lithoquest Diamonds Mobilizes Field Crew to North Kimberley Diamond Project
NEWS RELEASE
June 5, 2019
TSX-V: LDI
Lithoquest Diamonds Mobilizes Field Crew to North Kimberley Diamond Project
VANCOUVER, B.C., June 5, 2019 – Lithoquest Diamonds Inc. (TSX -V: LDI) (“Lithoquest”, or the
“Company”) today announced that it has commenced the 2019 field program on its 100% owned North
Kimberley Diamond Project in Western Australia.
“The Company is well positioned to discover diamond bearing kimberlites on the North Kimberley
Diamond Project in 2019” stated Bruce Counts, President and CEO of Lithoquest Diamonds Inc. “A highly
qualified technical team has now been deployed to evaluate over 20 priority targets in advance of a drill
program scheduled for later this season. Data obtained from the 2018 program, highlighted by the 1804
kimberlite discovery and positive diamond results from bedrock and stream samples, have been critical in
defining the areas of focus for this year’s program.”
The 2019 field program will be conducted in two phases . The first phase will concentrate on assessing
prospective areas identified by the Company with the objective of selecting and prioritizing targets for drill
testing (see news release dated April 30 th, 2019). The priority areas are illustrated by the image of Target
1827 below and by images on the Company’s website: www.lithoquest.com/project/. Exploration activities
during this period will include geological mapping, prospecting , ground geophysical surveying and
sampling for kimberlite indicator minerals.
Figure 1: Target Area 1827
The second phase of the field program will focus on testing the most prospective kimberlite targets using
a reverse circulation drill. Phase two is expected to commence in late August. The budget for the 2019
program will vary depending on the amount of dr illing conducted but is expected to total approximately
$2.0 million.
The 2019 field program is being directed by Mr. Dave Skelton P.Geol. and Mr. Tom Reddicliffe FAusIMM.
Mr. Skelton has more than 25 years of diamond exploration experience and was involved in the discovery
of several kimberlite fields including the Buffalo Head Hills cluster. Mr. Reddicliffe has more than 40 years
of diamond exploration experience in Australia and is credited with the discovery of the Merlin Diamond
Mine.
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 t erm 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 futur e 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 Company
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