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Five Star Diamonds Limited (TSX VENTURE:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its activities at its 100% owned Brazilian Diamond Projects. As quoted in the press release: Highlights Bulk sampling and jig processing at the Jaibaras Project has confirmed that four kimberlite pipes tested to date …
Five Star Diamonds Limited (TSX VENTURE:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its activities at its 100% owned Brazilian Diamond Projects.
As quoted in the press release:
Highlights
Bulk sampling and jig processing at the Jaibaras Project has confirmed that four kimberlite pipes tested to date are diamondiferous with a total of six macro diamonds recovered.
Samples collected from the Jaibaras drilling program across the J1, J2 and J4 kimberlite pipes will be submitted for additional caustic fusion and microdiamond analysis in 2018.
Recent auger drilling completed at the Riachao Project has confirmed the presence of a 25ha kimberlite pipe at surface.
Stage-2 bulk sampling at the Riachao Project has been completed with seven samples being collected for caustic fusion and diamond analysis. Results are expected early in 2018.
A detailed ground magnetic survey has commenced at the extended Maravilha Project in Minas Gerais State. A program of bulk sampling will also commence across the M3 kimberlite pipe and other targets identified from the magnetic program.
Initial field work is currently planned at the Company’s 100% owned Bacuri Project, in Mato Grosso State, where previous work has identified a diamond bearing kimberlite pipe.