Patrician gets land use permit

Patrician Diamonds Inc. announces that the Sahtu Land and Water Board has issued a land use permit for the Company’s proposed drill program near Doctor Lake in the Sahtu District of the Northwest Territories. The Permit covers a program of core drilling that will further evaluate the Hillside Kimberlite and will test other large magnetic anomalies in the vicinity of Hillside. With all the regulatory requirements now completed, preparations are underway for field work to commence. Construction of a campsite is in progress and discussions are ongoing with drill contractors. It is anticipated that drilling will be carried out during the spring season.

The Hillside Kimberlite was found in 2006 when auger drilling of a 500 metre wide circular magnetic anomaly recovered weathered kimberlite beneath two metres of till. As part of the current work, core drilling of the Hillside Kimberlite will be done to obtain larger samples of unweathered rock for microdiamond analysis. Drilling will also be done to test the other magnetic anomalies that lie along two structural corridors east and southwest of Hillside. The anomalies are circular, oval and elongate in shape and range in area from about five hectares to over 20 hectares. Several have widths in excess of 500 metres. At least six targets will be tested with a total of eight to ten holes in this phase of drilling.

Patrician Diamonds has concluded access and benefits agreements with the Deline Land Corporation and the Tulita District Land Corporation. The Agreements provide the framework for a strong working relationship with the Dene and Metis of Tulita, Deline and Norman Wells.

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