Saskatchewan Geological Survey lays the groundwork for De Beers’ investment

Saskatchewan Geological Survey lays the groundwork for De Beers’ investment

July 25, 2016

http://thinksask.ca/news/saskatchewan-geological-survey-lays-the-groundwork-for-de-beers-investment

Why did the world’s leading diamond company De Beers have the confidence to announce in May an investment of up to $20.4 million to research a potential diamond play in northern Saskatchewan?  Because of the quality of the Government of Saskatchewan’s geological information. The Saskatchewan Geological Survey  (SGS) team, operating out of the Ministry of the Economy, conducts surveys and packages the data, which provides insight into the province’s geology that mining exploration companies need to make decisions about where to explore.

In 2010, the SGS, in partnership with the Geological Survey of Canada, commissioned an airborne geophysical survey over the northwest part of the Athabasca Basin in northern Saskatchewan. Using specialized geophysical equipment, the airborne survey measured the local rock properties, resulting in data anomalies that indicated the possible presence of kimberlite – the volcanic rock that brings diamonds to the surface.  These data anomalies were used by exploration company CanAlaska Uranium Ltd. (CanAlaska) to determine the presence of 75 potential kimberlite targets.

In 2016, De Beers found the potential kimberlite targets promising enough to option the claims staked by CanAlaska.  De Beers will work with CanAlaska to conduct follow-up research in stages over the next few years. The work will include more detailed airborne surveys, diamond indicator sampling, and drill testing of prioritized targets.

“We are very pleased to have joined forces with the world’s premier diamond explorer to evaluate this 17,400 hectare (43,000 acre) claim package,” says CanAlaska president Peter Dasler.

This is only one example where research undertaken by the SGS has resulted in significant investments in mineral exploration. Again this summer, the SGS team has set up a number of field camps across northern Saskatchewan.. At these camps, SGS geologists, working with summer students who are studying geology at university, are investigating the local rocks in an effort to unravel the geologic history of the province. This information, which is publically released, is a necessary prerequisite to encourage and focus new mineral exploration.

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on July 27, 2016, in diamonds, economic impact, political. Bookmark the permalink. Leave a comment.

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