Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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From: teevee	1/16/2019 1:20:31 PM
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Adia Resources Inc. (“Adia”), a newly formed private company created to advance Altius’ Lynx Diamond Project in Manitoba, continues to make progress and plans to conduct its first drill program during Q1 2019. The project hosts the first known discovery of diamonds in Manitoba and has attracted the in-kind investment support of De Beers Canada Inc. (see September 24, 2018 news release: http://altiusminerals.com/uploads/2018-09-24-ALTIUS-TRANSFERS-LYNX-DIAMONDS-FINAL.pdf). Adia has hired Marco LoCascio as CEO and Jeff Morgan as Senior Project Geologist. Mr. LoCascio previously spent 11 years in mining capital markets as an analyst and portfolio manager with Equinox Partners, LP. Mr. Morgan is a Professional Geoscientist with over 20 years of experience in mineral exploration, including 1.5 years at the Diavik Diamond Mine. Since 2013 Mr. Morgan served as Exploration Manager for Altius, and has managed the Lynx Diamond Project since it was first acquired in 2017. For the sake of the diamond sector in Canada, lets hope the results warrant an Adia IPO. Considering how long it takes labs to generate results, I assume an IPO would be late 2019 or perhaps early 2020. Size potential is HUGE, and md's are plentiful, but are there macro's and enough of them?

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