Margaret Lake Diamonds Inc. (TSX.V: DIA / FSE: M85) is exploring for new kimberlite discoveries in Canada's Northwest Territories. The Company holds a 100% interest in the Margaret Lake property and a 60% interest in the Diagras property. Both projects are located in well endowed diamondiferous corridors hosting world-class mines.
The Margaret Lake property (100% owned) is located nine kilometers from Canada's newest diamond mine- the Mountain Province Diamonds / De Beers Gahcho Kué mine.
The Diagras property (60% owned) sits within the Lac de Gras kimberlite field and is located adjacent to the world-class Diavik and Ekati diamond complex operated by Dominion Diamond Mines.