Clean Commodities Corp. Acquires Athabasca Basin Diamond Project
12.07.2016 | FSCwire
Vancouver, July 12, 2016 – Clean Commodities Corporation (TSX-V: CLE) (“Clean Commodities” or the “Corporation”) is pleased to report that it has acquired the Athabasca Basin Diamond Project located in Saskatchewan.“Clean Commodities has now become one of the top publicly-traded tenure holders in Saskatchewan’s newest diamond exploration area, with much of our tenure being contiguous to CanAlaska Uranium Ltd. and Fjordland Exploration Inc. Clean Commodities has actively explored for diamonds elsewhere in Saskatchewan during the past year and we believe the province is prospective for additional kimberlite discoveries. We conducted a 50 metre-spacing geophysical survey for diamond exploration at Prongua Lake last fall and it is this modern day survey spacing which we believe may also be beneficial in outlining exploration prospects not visible on historic 400 metre-spacing surveys done in the general area. The Athabasca Basin Diamond Project also provides our shareholders with cost-effective optionality to the exploration work currently being performed in the region by De Beers Canada (through the CanAlaska property option),” stated Ryan Kalt, Chief Executive Officer of Clean Commodities.
About the Athabasca Basin Diamond Project
The Athabasca Basin Diamond Project is located in northwest Saskatchewan and consists of 20 individual tenure claims comprising approx. 37,125 ha (approx. 91,737 acres).
A full-scale map of the project may be found at: http://ow.ly/qb4r302aMDA
Clean Commodities’ Athabasca Basin Diamond Project represents the second largest tenure position currently held by a publicly-traded company in the mapped region (behind Fjordland Exploration Inc.).
Exploration work on the Athabasca Basin Diamond Project for the current assessment period must be completed by July 2018.
Among other exploration companies active in the region is CanAlaska Uranium Ltd., which recently signed a property option agreement with De Beers Canada Inc. providing for up to $20.4 million in exploration work (see CanAlaska Uranium Ltd. news release dated May 18, 2016).
The area in which the Athabasca Basin Diamond Project is located has seen a recent surge in tenure staking by both publicly-listed and privately-held companies. The Corporation believes that this tenure acquisition activity reflects the expanding geographic area of exploration interest in the region.
The Athabasca Basin Diamond Project was acquired directly by the Corporation through staking. The project is royalty-free.
The Corporation also advises that it may elect to seek a joint-venture or earn-in partner(s) to advance its Athabasca Basin Diamond Project.
The Corporation cautions that results on adjacent properties may not necessarily be indicative of results on the Corporation’s properties.
About Clean Commodities Corp.
Clean Commodities Corp. (TSXV:CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium and PGE projects. For more information, please visit www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Info:
Clean Commodities Corp.
Ryan Kalt, Chief Executive Officer
604-681-8835
info@cleancommodities.com
www.cleancommodities.com