Monopros finds kimberlite outside Kennady Lake

Monopros has discovered a new kimberlite body 12 km northeast of the Kennady Lake cluster of pipes on the AK property in the Northwest Territories.

The exploration arm of De Beers Consolidated Mines (DBRS-Q) made the find while drilling a lake-based geophysical target at the head of long, broad indicator mineral train. Drilled at an angle of a minus 50 towards the north, the discovery hole intersected 34 metres of kimberlite at a down-hole depth of between 38 and 72 metres. This represents an estimated horizontal projection of

22 metres.

A second hole was collared nearby and aimed to the southwest at minus 45. The hole intersected narrow, successive intervals of kimberlite ranging from 2 to 7 metres in thickness. Monopros is following up with a ground geophysics grid over the target area so as to define the anomaly in preparation for delineation drilling.

In the meantime, further drilling in the immediate area of the Kennady Lake cluster of pipes has intersected kimberlite while drilling a lake-based geophysical target between the original 5034 pipe and the newly discovered Wallace pipe. A drill hole, collared at minus 45 to the northwest, encountered a 43-metre-long interval of kimberlite between 56 and 99 metres down-hole, suggesting a horizontal width of 31 metres. Monopros is uncertain if this new kimberlite intersection represents a new body or an elongated continuation of the Wallace pipe, which lies 150 metres to the southwest.

Monopros continues to drill-test other targets on the AK claims.

The company can earn a 60% interest in the AK-CJ properties by advancing the project to production. Property owner Mountain Province Mining (MPV-T) is carried to a 36% interest, whereas partner Camphor Ventures (CFV-V) is carried to 4%.

Immediately south of the AK property are the LA 1-25 claims, where Gerle Gold (ggl-v) drilled four targets at Blob Lake, plus one target on the southern shore of the lake and one at Fox Lake, 2 km northwest of Blob Lake. The targets were a combination of geophysical and lake sediment geochemical anomalies. No details of the program were reported.

Blob Lake measures 4 km long and 1-2 km wide, and is 1 km southwest of Kennady Lake.

The LA 1-25 claims comprise part of the Doyle Lake project, a 60-40 joint venture between Monopros and Gerle.