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Stornoway Diamond (TSX:SWY) announced the completion of the field portion of a bulk sample program on the Renard 65 Kimberlite pipe, at the Renard Diamond Project in north-central Quebec.
Stornoway Diamond (TSX:SWY) announced the completion of the field portion of a bulk sample program on the Renard 65 Kimberlite pipe, at the Renard Diamond Project in north-central Quebec.
As quoted in the press release:
The objective of the bulk sample program is to collect a large enough parcel of diamonds to allow the conversion of material that is currently classified as an Inferred Mineral Resource at Renard 65 to an Indicated Mineral Resource and then, if warranted, to a Mineral Reserve. Sampling commenced in July with the objective of collecting five thousand tonnes from a surface trench through blasting. Following the trenching, a sample of approximately 5,147 dry tonnes of kimberlite from Renard 65 was processed at the 10 tonne per hour Dense Media Sample plant located at the Renard project site. A heavy mineral concentrate produced by the plant will now undergo final diamond recovery at Stornoway’s North Vancouver lab facilities. Diamond results are expected in Q1 2013. Given the estimated diamond content at the sampling site, it is expected that approximately 1,000 carats of diamonds will be recovered, which will be sent to Antwerp, Belgium for valuation.
Click here to read the Stornoway Diamond (TSX:SWY) press release