The world's largest diamond mining company has entered into a
multi-million-dollar agreement to look for crystallized carbon in
northern Saskatchewan's Athabasca Basin.
De Beers Canada Inc. optioned land claims south of Lake Athabasca from
CanAlaska Uranium Ltd., and can now spend up to $20.4 million exploring
and drilling 75 "kimberlite-style targets" identified in the 2011
Saskatchewan Geological Survey.
"We might have diamonds in Saskatchewan, and De Beers are really
interested ... This is an opportunity to investigate something completely
new," CanAlaska president and CEO Peter Dasler said Thursday.
The Vancouver exploration company staked its first claim on the
43,000-acre site located north of the decommissioned Cluff Lake uranium
mine in 2012, after using data from the study to identify numerous
kimberlite targets in the area.