There is strong diamond potential at the Providence Greenstone Belt project in addition to past gold and base metal discoveries.
The land tenure is a combination of claims and mineral leases that were originally acquired in 2001 and 2002 and have recently been added to. The northern portion of the staked greenstone belt and surrounding geology has received the bulk of the historical diamond exploration by GGL as a result of early sampling success.
Successive exploration campaigns have returned heavy mineral samples with kimberlitic indicator mineral counts in excess of 100 grains per sample. Microprobe results demonstrate diamond inclusion chemistry in garnets.
Airborne geophysical surveys have identified high priority magnetic and conductive kimberlitic targets up-ice and proximal to high count heavy mineral samples.
The project has remained dormant in the Company’s portfolio and received no advancement on these high priority targets for over a decade. The world economic crisis of 2008 impacted the Company’s ability to sufficiently financing the next stage of evaluation on the project. The Company now looks forward to continuing the evaluation process from where it left off.