Foxtrot 3 Property

 Upload a photo

This is the ultimate boundary of the Foxtrot 3 property, which is part of the Renard Diamond Project and is 100% owned by Stornoway Diamond Corporation. It lies directly north of the Foxtrot 1 and 2 properties where Stornoway is developing its wholly owned Renard Project, which will be Quebec's first diamond mine. The Foxtrot 3 property contains 303 individual claims.

Tenements in the Foxtrot Property area were initially staked in 1996 by a 50:50 joint venture between Ashton Mining of Canada Inc. (Ashton) and SOQUEM Inc. (SOQUEM), with Ashton as operator. Subsequently, the Joint Venture partnership interests were reassigned to Ashton Diamonds (Canada) Inc. and DIAQUEM Inc. (DIAQUEM), a wholly-owned subsidiary of SOQUEM. Stornoway acquired Ashton and Ashton’s 50% property interest in January 2007. Stornoway acquired DIAQUEM’s 50% interest in April 2011. SDCI currently holds a 100% property interest, subject to a direct royalty on future diamond production of 2% in favour of DIAQUEM. The Renard Project is operated by Stornoway through its wholly-owned subsidiary SDCI.