Vancouver, British Columbia (FSCwire) - Lithoquest Diamonds Inc. (TSX-V: LDI) (“Lithoquest”, the “Company”) today announces that its common shares will begin trading on the TSX Venture Exchange under the symbol LDI.
Commencement of trading in the Company’s stock represents the final step in Lithoquest’s reverse takeover of Consolidated Westview Resource Corp. (please see news releases dated August 31, October 18, November 9, and November 23, 2017 for more information). In addition, the Company wishes to acknowledge and welcome Rosseau Asset Management and Eric Sprott as significant shareholders, holding 6.96 million shares (15.2%) and 4.0 million shares (8.7%) of the company, respectively.
“Over the last 18 months, Lithoquest has discovered strong evidence of a diamond bearing kimberlite cluster on its 100% owned North Kimberley Diamond Project in Western Australia,” stated Bruce Counts, President and CEO of the Company. “Funding is now in place to advance the project through the discovery drilling phase.”
About the North Kimberley Diamond Project
The North Kimberley Diamond Project is located 225km northwest of the community of Kununurra in Western Australia and includes two Exploration Licences covering more than 100,000 hectares.
Highlights of the project include:
- Three occurrences of apparent (weathered) kimberlite;
- Rock samples collected at two locations with high-interest diamond inclusion chemistry;
- The potential for additional kimberlite discoveries;
- Gem quality macro-diamonds recovered from documented stream samples;
- Road and tidewater access; and
- A Native Title, Heritage Protection and Mineral Exploration Agreement with the Traditional Owners that have rights and interests in the area.
For more information on the North Kimberley Diamond Project, please see the Company’s NI 43-101 compliant technical report at www.sedar.com.
Qualified Person
The technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo., President, CEO and Director of Lithoquest Diamonds Inc. and Qualified Person under National Instrument 43-101.
