Adamantin

The Adamantin Project comprises 15,139 hectares of claims located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec.. Till sampling at Adamantin during 2015 confirmed the presence of indicator mineral anomalies interpreted to be sourced from undiscovered kimberlites with diamond potential, with one till sample containing a diamond from the +0.25mm-0.50mm size fraction. Drilling commenced on March 20, 2016, with a light weight, helicopter portable, reverse circulation (“RC”) drill rig designed to test multiple geophysical targets within a broad indicator mineral anomaly.

In total, 72 targets identified from airborne geophysical data have been tested with two RC rigs drilling shallow holes. To date 11 distinct kimberlite bodies have been identified, with intersections of up to 13.7 meters of undiluted kimberlite, and are interpreted to represent a new center of kimberlite emplacement located proximal to, but distinct from, the Renard kimberlite cluster. As of the suspension of drilling on May 1, 2016, kimberlite had been intersected in 18 of 78 drill holes (including 7 lost holes) testing the 72 geophysical targets. These intersections are interpreted to represent at least 11 discrete kimberlite bodies. Additional high priority targets under lakes could not be tested due to deteriorating ice conditions.

Of the 18 kimberlite intersections identified from drilling, 14 returned intersections of undiluted (100%) hypabyssal kimberlite chips between 1.5m and 13.7m in length (see table below). Intersections of mixed chips of kimberlite and country rock were also returned up to 22.9m in length. The mixing of kimberlite and country rock chips over these intervals by this drilling method could represent the discovery of multiple, layered kimberlite bodies, and/or the inclusion of country rock xenoliths and wall rock material within a discrete kimberlite body, and/or the presence of breccia haloes and alteration zones proximal to larger bodies as is seen at the Renard Project, and/or dilution caused by the RC lifting process.

Results were sent for diamond recovery to give a preliminary indication of the diamond content of each body, however no diamonds were recovered. An exploration program in 2017 will test additional targets and further drilling should results warrant. Drill Holes with Intersections of Kimberlite

Drill
Hole ID
Azimuth Dip End of Hole (m) Drill Intervals
with Kimberlite (m)
Interval
Length (m)
Notes
AD-00-01 0 -90 47.2 32.0 to 47.2 15.2 Including 10.6m of 100% kimberlite between 35.1m and 45.7m
AD-01A-01 0 -90 35.1 6.1 to 29.0 22.9 Including 1.5m of 100% kimberlite between 6.1m and 7.6m, 1.5m between 12.2m and 13.7m, 1.5m between 18.3m and 19.8m, and 4.6m between 24.4m and 29.0m
AD-01B-01 0 -90 35.1 18.3 to 21.3 3.0 Kimberlite chips throughout interval but in low concentrations
AD-02-02 0 -90 60.2 36.6 to 56.4 19.8 Including 1.5m of 100% kimberlite between 44.2m and 45.7m
AD-17-01 0 -90 61.0 18.3 to 21.3 3.0 100% kimberlite
AD-31-01 0 -90 29.0 13.7 to 29.0 15.3 Kimberlite chips throughout interval but in low concentrations
AD-50-01 0 -90 45.7 12.2 to 21.3 9.1 100% kimberlite
AD-50-02 45 -60 48.8 15.2 to 29.0 13.8 100% kimberlite
AD-51-01 0 -90 30.5 6.1 to 21.3 15.2 Including 13.7m of 100% kimberlite between 6.1m and 19.8m
AD-52-01 0 -90 41.1 6.1 to 18.3 12.2 Including 7.6m of 100% kimberlite between 7.6m and 15.2m
AD-52-02 45 -60 35.1 7.6 to 24.4 16.8 Including 12.2m of 100% kimberlite between 7.6m and 19.8m
AD-52-03 225 -55 30.5 6.9 to 29.0 22.1 Including 9.9m of 100% kimberlite between 6.9m and 16.8m
AD-59-01 0 -90 42.7 6.1 to 16.8 10.7 Including 9.1m of 100% kimberlite between 6.1m and 15.2m
AD-60-01 0 -90 36.6 9.1 to 18.3 9.2 Including 3.0m of 100% kimberlite between 12.2m and 15.2m
AD-60-02 56 -50 33.5 10.7 to 24.4 13.7 Including 7.6m of 100% kimberlite between 12.2m and 19.8m
AD-62-01 0 -90 36.6 24.4 to 25.9 1.5 100% kimberlite
AD-104-01 327 -50 112.8 35.1 to 39.6 4.6 c.50% kimberlite chips throughout interval
AD-112-01 0 -90 15.2 1.5 to 15.2 13.7 Kimberlite chips throughout interval but in low concentrations

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