Margaret Lake Diamonds

Projects 

The Diagras Property consists of 58 contiguous claims staked by Arctic Star, with an area of 48,346 hectares. The property is in joint venture with Margaret Lake Diamonds whereby Arctic Star owns 81.5% interest and Margaret Lake 18.5% interest. The property is located in the north-eastern part of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine and 36km east of the Ekati diamond mine in NWT Canada.

The company discovered the Sequoia Kimberlite Complex, in Spring 2021. From a small sample, two commercial diamonds were recovered and diamond chemistry, suggesting potential for large diamonds >52 cts.

The map shows Sequoia in relation to the Ekati and Diavik diamond processing plants. Given the proximity to these facilities it would make sense to negotiate the processing of the Sequoia Kimberlite at one of these facilities, if Sequoia proves to be of economic interest. Ekati trucks material from the Misery kimberlites 27km to their facility.