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Canada’s diamond staking rush favours early entrants – Mining.com

by ahnationtalk on July 26, 2016279 Views

Everybody wants a piece of the action.

Even the venerable diamond powerhouse, De Beers, is committing as much as $20 million to the hunt.

It’s the glittering lure of a possible multi-billion dollar diamond discovery that’s lighting up northern Saskatchewan. A number of mineral exploration companies have joined De Beers in a new staking rush in a region known as the Athabasca Basin.

The Early-Stage Entrant Advantage

Among these hopefuls is Arctic Star Exploration (TSX.V: ADD)—a veteran diamond hunter — that is expanding its search from the Northwest Territories (NWT) into Canada’s new diamond exploration hot spot.

Read More: http://www.mining.com/web/canadas-diamond-staking-rush-favours-early-entrants/

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