Margaret Lake Diamonds Inc. - Sept 2016
-
Upload
stacey-wallin -
Category
Business
-
view
204 -
download
2
Transcript of Margaret Lake Diamonds Inc. - Sept 2016
1
MARGARET LAKE DIAMONDS INC. TSX:V – DIA
Drill Targets Surrounding Kennady Diamonds Exploration Success and in proximity to Canada's new diamond mine owned
by De Beers and Mountain Province Diamonds
SEPT 2016
2
MANAGEMENT
Mining engineer, executive, and
former mining analyst with over
50 years experience in resource
exploration, development,
finance, and operation.
President & CEO
PAUL BROCKINGTON
Geologist with 31 years
experience in mineral exploration.
Led the team that discovered the
Diavik diamond deposits in 1994-
95. Former Exploration Manager
for Kennecott/Rio Tinto.
Director & VP Exploration
BUDDY DOYLE
Mining executive with over 17
years experience in capital markets.
principal of Varshney Capital Corp.
and Director of Mountain Province
Diamonds, Canada' s new diamond
mine now in production.
Director
PEEYUSH VARSHNEY, L.L.B.
3
Located in the southern slave
craton, host to Mountain
Province / De Beers Mine which
had its official opening on Sept
20, 2016.
Margaret Lake property is
10km north of De Beers /
Mountain Province Diamonds’
Gahcho Kué project
Winter road to Gahcho
Kué crosses the Margaret
Lake property
MARGARET LAKE PROPERTY INFO
Kennady Diamonds is
evaluating the Kelvin and
Faraday and will have a
resource estimate for
Kelvin later this year
4
5
Margaret Lake Property 100% Ownership
MLD initially earned a 60%
interest by spending in excess
of $1mm
MLD has subsequently negotiated
the remaining 40% interest in
the property from the original
vendor through the issuance of
6mm shares
There are no royalty
payments on the property
6
Contracted CGG Canadato fly HeliFALCON® system
which incorporates gravity
and magneticsOver 2,800 line
kilometerson 75 meter line-spacings
at a nominal 45 meters
above terrain
Completed detailed property-wide bathymetry
using Worldview2 high-
resolution satellite imagery
160 till sampleswere collectedin the interpretation of
gravity data and target
definition a year earlier
than conventional
bathymetry
Bathymetry aided
Margaret Lake Property ProgramTarget identified
12 targets to be
drill tested for
kimberlite
7
Gahcho Kue
Diamond Mine
LEGEND
Gahcho
Kue
Diamond
Mine
8
Airborne Gravity Gradiometry (AGG) data
over 23 targets was inverted
The recovered models showed a variety of body
shapes and density contrasts
The inversion results helped with prioritizing drill
targets.
Exploration to Date Defining Drill Targets
9
Inversion Modelling Ranking
Prioritized A targets (high to low):• ML006 • ML049• ML009
Prioritized B targets (high to low):• ML024• ML047• ML051• ML026• ML041• ML014• ML022• ML021
Non-modelled (to date) magnetic target:• ML025: semi-isolated mag-high flanking
dyke, no AGG response (on land)
10
12 Drill Priority Targets
Selected
The targets selected for
drilling based on gravity
gradiometryinversions
11
The anomaly is well defined in GDD and GND. The GED response not clear, but this is not surprising
since the anomaly is an EW oriented body. There is a hint of a GED anomaly at the west end.
Inversion Modelling on the Number 1 Priority Target
Location Map
ML006 – Inversion Results (2/2)
12
Recovered
density modelPredicted
GDD response
ML006 – Inversion Results (1/2)
13
Recovered density model
Vertical slice along
axis of the density
anomaly (105
degrees)
Recovered density model
horizontal slice ~200 m
depth
ML006 – Inversion Results (2/2)ML006 – Inversion Results (2/2)
14
K E N N A D Y G R O U N D
GRAVITY SURVEY
I M P R O V E
TRAVELING IS LIFE NEWSFROM THE WORLD
M A R K E T I N G
TRAVELING IS LIFE NEWSFROM THE WORLD
15
PRELIMINARYDRILL
TARGETS
LEGEND
Priority A Target
Priority B Target
Priority C Target
16SHARE STRUCTURE
83%
1% 16%Issued - 32,360,280
Options - 550,000 @$0.10
Warrants - 6,050,135@ $0.25
An additional 1,500,000 shares to be issued (December2016) for acquiring 100% of the property.
Management controls 16.2 million shares or 50% of currently issued
17
02
Project Status
11 of the proposed
drill targets are under
water in lakes and the
optimum time to drill
is, from the ice, in
March/April 2017
01
MLD has a five year Type A land
use permit issued by the
Mackenzie Valley Land and
Water Board
- The permit authorises
drilling and an exploration camp
03The budget to proceed
to drilling is estimated
at $2mm.
18
© 2016 Margaret Lake Diamonds Inc. All Rights Reserved.
[email protected](604) 630-2810 www.margaretlake.ca
MARGARET LAKE DIAMONDS INC.TSX-V : DIA
#2050 - 1055 West Georgia St.
Vancouver, BC
For more Information
ContactPaul Brockington, President & CEO