Five Star Diamonds: Jaibaras Diamond Project Update – Drilling to Commence Within Three Weeks

Five Star Diamonds Limited (TSXV: STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its 100% owned Jaibaras Diamond Project (the “Jaibaras Project” or “the Project”) in Para State, Brazil.
As quoted in the press release:

Highlights

• The Jaibaras project was discovered by De Beers in 1990.

• Five Star Diamonds has now identified eight targets (J1 to J8) on the Jaibaras Project.

• The J1 kimberlite pipe has been drilled and sampled by De Beers and proven to be diamondiferous.

• The J1 and J2 kimberlite pipes have been mini bulk sampled by Five Star Diamonds with macro diamonds recovered from both pipes.

• Kimberlite indicator sampling at the J3 and J4 kimberlite pipes have recently been completed with the J4 pipe returning the most promising results ever seen by Five Star Diamonds in Brazil.

• Auger drilling and kimberlite indicator sampling programmes are now underway at the J5, J6, J7 and J8 targets.

• A diamond core drilling programme focused on bulk sampling the oxide zone is expected to commence at the J1 and and J2 pipes in the coming three weeks.

• The 5tph Pilot Plant from Catalao (wash and rotary pan concentrate plant) is now being demobilized and packed for relocation to the Jaibaras Project.

• A trial mining application for the Jaibaras Project will be submitted in the coming months.

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