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Canterra acquires 4 diamond-prospective permits near Buffalo Hills

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Canterra acquires 4 diamond-prospective permits near Buffalo Hills

CanterraMinerals Corp. said March 29 that it has acquired four metallic andindustrial minerals permits covering two separate areas of interest near itsBuffalo Hillsdiamond project, a joint venture with ShoreGold Inc. and EncanaCorp., in Alberta.

The first area is 5 kilometers north of the K91 kimberlite andcovers 18,432 contiguous hectares, while the second one covers 17,664contiguous hectares and is located roughly 15 kilometers west of the K8kimberlite.

The acquisition follows a review of the company's in-housedata, which gave evidence that the areas had a "high probability of beingdiamondiferous kimberlite."

In addition, the review determined that a breakage study ofdiamonds from K6 was warranted.

"The study showed that while a large diamond had beenbroken, diamond breakage was minimal and the results suggest that a coarse sizedistribution is present at K6," said President and CEO Randy Turner.

The breakage study determined that a 1.77-carat diamond,which was the largest diamond recovered from Buffalo Hills, was broken duringprocessing. In addition, three diamonds exceeding 1 carat and of similar shape,color and clarity were also recovered from the same sample.