logo-loader
viewLithoquest Diamonds Inc.

Lithoquest Diamonds says North Kimberley region license acquisition agreement terminated

Last month, it struck a deal to buy 6 new licenses in the North Kimberley region - contiguous to its 100%-owned North Kimberley diamond project

Lithoquest Diamonds Inc. -
Last year, the firm discovered kimberlite on its first two drill programs, confirming the project's potential

Lithoquest Diamonds Inc (CVE:LDI), the exploration group, reported that an earlier agreement to acquire more licenses in Western Australia had been terminated. 

At the tail end of last month, the firm said it had struck a deal to buy six new licenses in the North Kimberley region - contiguous to its 100%-owned North Kimberley diamond project. 

READ: Lithoquest Diamonds strikes deal to triple footprint in prospective diamond district

The deal "to acquire 3,500 sq-km of Exploration Licenses in the North Kimberley region of Western Australia has terminated", the firm said in a brief stock market statement.

The firm's existing land package is accessible by tidewater and a seasonal road.

Lithoquest is led by an experienced management and during its first two years in operation, the company rapidly advanced the project with the discovery of the fist kimberlites in the region in more than 20 years.

Shares were unchanged at C$0.065 in Toronto.

Contact the author at [email protected]

Quick facts: Lithoquest Diamonds Inc.

Price: 0.05 CAD

TSX-V:LDI
Market: TSX-V
Market Cap: $2.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lithoquest Diamonds Inc. named herein, including the promotion by the Company of Lithoquest Diamonds Inc. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Lithoquest Diamonds using experience and knowledge to help...

Lithoquest Diamonds (CVE: LDI) CEO Bruce Counts sat down with Steve Darling from Proactive Vancouver to discuss Lithoquest and their strong management and Geology, teams. Counts discuss why he feels it a big advantage to have the people they have and how each different perspective helps the...

1 week, 1 day ago

2 min read