Credit Lake Project
Credit Lake
Country Canada 
Province Northwest territories
Close to Yellowknife
Status GREEN EXPLORATION 
Latitude / Longitude 64 N 27 / 111 W 03
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Explores for Copper - Nickel -
Last updated on 10/6/2010 - Terms of Use
Risk and valuation analysis of the Credit Lake Project
Status Risk : Green exploration
Country Risk : Very Low
Title(s) of the Credit Lake Project
Arctic Star Diamond Corp.
Owner: 100%
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The ground is held 100% by Arctic Star, but is subject to a 51 % back-in right by Kennecott. The back-in is triggered when Arctic takes more than 200 carats from a kimberlite discovery in the area of interest. To back in, Kennecott must spend 2.5 tim more...
Location of the Credit Lake Project
The Credit Lake property is located along the Coppermine River system, about 10 kilometers west of Lac de Gras, where both E'kati Diamond Mine (BHP/Billiton) and Diavik Diamond Mine (Rio Tinto/Harry Winston) occur. The property is located about 300 km NE of Yellowknife, and is accessible by air and on land in winter.
 
Geology of the Credit Lake Project
Extensive till sampling on the property (3500 to date) has revealed at least five separate diamond indicator mineral trains. Probe analyses of the indicator grains are considered positive and strongly indicate they are associated with diamond mineralization
 
Location
Data last updated on : 3/25/2009
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