Ekati Diamond Mine and Stewart Blusson who had been prospecting in the region for almost ten years, having found kimberlite indicator minerals as early as 1985. The Point Lake kimberlite was determined to be uneconomic, but its discovery precipitated one of largest staking rushes in mining history, covering most of the area between Yellowknife and the Arctic coast. There are 156 known kimberlite pipes within the Ekati block of claims, including the Point Lake pipe. Ekati officially began operations on October 14, 1998, and was operated by BHP Billiton Canada Inc., a part of the BHP Billiton Group, the world's largest diversified resources
Permafrost evident from temperature measurements in boreholes in North America and Europe. Typically, the below-ground temperature varies less from season to season than the air temperature, with mean annual temperatures tending to increase with depth as a result of the geothermal crustal gradient. Thus, if the mean annual air temperature is only slightly below , permafrost will form only in spots that are sheltered—usually with a northerly aspect—creating "discontinuous permafrost". Usually, permafrost will remain discontinuous in a climate where the mean annual soil surface temperature is between . In the moist-wintered areas mentioned before, there may not be even discontinuous permafrost