- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Five Star Diamonds Begins Drilling at Maravilha
Five Star Diamonds is Canadian mining company with ongoing projects in the Brazilian kimberlite diamond sector.
Five Star Diamonds Limited (TSXV:STAR) reports it has commenced drilling at its Maravilha diamond project, located in Brazil. The focus of the drilling programme is on the company’s 100-percent owned M3 kimberlite pipe, where according to the company, bulk sampling has returned exceptional early sampling results.
As quoted from the press release:
The drilling program will utilize two drill rigs working on a single daily shift. Approximately 3,200 meters of diamond core drilling,
distributed across approximately 30 drill holes, is planned in the programme. All drill holes will be drilled using a HQ (63.5mm)
diameter to provide ample material for further diamond sampling and analysis.Core logging and recovery rates are being conducted by Five Star field crew. The core is also being submitted to magnetic susceptibility readings and chemical assays. All the core is being photographed and a drilling database is being constructed to enhance additional geological modelling.
Previous interpretation of a ground magnetic survey undertaken by the company shows that the M3 kimberlite pipe has a strong magnetic response suggesting an ovoid shape measuring approximately 130 by 65 meters with the major axis aligned along a
northeast to southwest direction.Next Steps
The Maravilha Diamond Project comprises three mineral properties covering a total of 1,233.17 hectares and the company is conducting a systematic exploration program, including detailed ground magnetic survey and auger drilling, with the aim of identifying additional kimberlites bodies in the project. As soon as the drilling program is completed on the Maravilha diamond project, the drill rigs will be mobilized to commence a new drilling program on the Company’s Catalao diamond project, located in Goias State, Brazil.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.