Stornoway Corporation has entered into an option agreement with a private company related to their interests in three properties including one west of Flin Flon.
The Pikoo exploration project comprises over 33 thousand hectares of bordering claims located approximately 140 kilometers east of La Ronge and 100 kilometers west of Flin Flon close to the community of Deschambault Lake. Previous work has outlined the potential for several kimberlites with diamond potential. In 2012 kimberlite float was discovered that returned a single microdiamond from 73.8 kilograms of material submitted for caustic dissolution.
Upcoming work programs are designed to test for the presence of kimberlite with economic potential.