Lithoquest recovers a microdiamond and indicator minerals at North Kimberley Diamond Project
NEWS RELEASE
December 6, 2018
TSX-V: LDI
Lithoquest recovers a microdiamond and indicator minerals at North Kimberley Diamond Project
VANCOUVER, B.C., December 6, 2018 – Lithoquest Diamonds Inc. (TSX-V: LDI) (“Lithoquest”, or the
“Company”) today announced the recovery of a n octahedral microdiamond and abundant kimberlite
indicator minerals from stream sediment and loam samples collected during its recently completed 2018
field program at its 100%-owned North Kimberley Diamond Project in Western Australia.
Highlights
• Kimberlite indicator minerals (“KIM’s”) have been recovered from stream sediment and loam
samples collected in four areas on the property in 2018. Results include more than 3,000 chromite
grains in one stream sediment sample and one microdiamond in a sample taken in a separate area.
• 130 kilograms of kimberlite core from this year’s drill program has been submitted for microdiamond
analysis. Results are expected in January 2019.
• The detailed airborne magnetic and radiometric survey tha t commenced in November is now
complete and will be used to identify targets in the upcoming drill program next year.
Stream Sediment and Loam Sample Results
Twenty-two samples were collected from several areas of interest during the 2018 field program with the
goal of identifying targets for follow -up in 2019 . The samples were submitted to Diamond Recovery
Services, an independent Australian laboratory based in Perth, for the recovery of KIM’s. Thirteen of the
samples returned KIM’s, including one microdiamond.
Abundant chromite grains were recovered from four target areas, including one sample that yielded more
than 3,000 grains. The presence of this concentration of indicator minerals suggests that the samples
were collected close to a kimberlite source. Picro-ilmenite grains were also observed in several samples
and a single microdiamond was recovered from a stream sediment sample. The microdiamond is
described as a whole, largely unresorbed, octahedral crystal with a pale brown colour.
Kimberlite Core
Approximately 130 kilograms of kimberlite core recovered from target 1804 has been submitted to the
Saskatchewan Research Council for micro -diamond analysis. Selected intervals of the core will also be
processed to recover kimberlite indica tor minerals prior to being tested for micro -diamonds. Results are
expected in January 2019.
Airborne Magnetic and Radiometric Survey
The detailed airborne survey that commenced in November (see November 14th, 2018 LDI news release)
is now complete. A total of 7,550 line-kilometres of data were collected along 50 metre spaced survey
lines with an instrument height of 25 metres. Data from the survey will be used to identify drill targets,
focusing on areas of the property where high-interest kimberlite indicator minerals have been recovered.
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 materi ally 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 opini ons 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