Lynx Pipe Begins Commercial Production
Archon Minerals Limited #2801 – 323 Jervis Street Vancouver, BC, V6C 3P8 Tel: 604-682-3303
Lynx Pipe Begins Commercial Production
April 18, 2018 – Vancouver, British Columbia TSX.V: ACS
Archon Minerals Limited (“Archon” or the “Company”) is pleased to announce that the Lynx Pipe in the Buffer Zone of the Ekati Diamond Mine officially began commercial production1 as of April 1, 2017. Lynx is the Company’s first kimberlite pipe to reach commercial production. Located in the southeastern portion of the Ekati property, about 30km from the Ekati main site facilities and approximately 3km to the southwest of the Misery pipe, the Lynx pipe is an open-pit mine with proven and probable reserves of approximately 1 million tonnes at 0.8 carats/tonne. Further details about the Lynx pipe can be found in the July 31, 2016 technical report published by the Company’s joint venture partner, Dominion Diamond Ekati Corporation, at http://www.ddcorp.ca/docs/default-source/43- 101/2016-ekati-diamond-mine-technical-report.pdf?sfvrsn=3.
“Reaching commercial production at the Lynx is the culmination of years of effort,” says Stewart Blusson, President of the Company. “We thank our joint venture partner and our shareholders in helping Archon achieve this important milestone.”
ARCHON MINERALS LIMITED
“Stewart Blusson”
Stewart Blusson, President and Director
Notes:
1. Commercial production is deemed to be achieved when an asset is expected to produce diamondiferous ore for 90 days at a rate of not less than 60% of the designed mine production capacity (measured in tonnes of diamondiferous ore per day) on average for that 90-day period.
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