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Five Star Diamonds Limited: New Kimberlite Discovery – The Riachao Diamond Project
May. 30, 2017 09:35AM PST
Gem Investing
Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its 100% owned Riachao Diamond Project (the “Riachao Project” or “the Project”) in Piaui State, Brazil. As quoted in the press release: Highlights The Company has discovered a large kimberlite pipe at the Riachao Diamond …
Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its 100% owned Riachao Diamond Project (the “Riachao Project” or “the Project”) in Piaui State, Brazil.
As quoted in the press release:
Highlights
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The Company has discovered a large kimberlite pipe at the Riachao Diamond Project.
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The kimberlite pipe at Riachao is interpreted to be approximately 24 Ha in size, which is large on a global scale, and the largest kimberlite pipe the Company has identified to date amongst its 23 diamond projects in Brazil.
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Significant historical alluvial diamond production in the region surrounding the kimberlite discovery at Riachao.
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A detailed ground magnetic survey and surface reconnaissance mapping have recently been completed by the Company.
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Initial Kimberlite Indicator Minerals (“KIM”) studies conducted by the company have been highly encouraging. This work continues.
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The weathered kimberlite outcrops at surface and two 100kg mini-bulk samples are now being collected and prepared for caustic fusion and micro diamond analysis.
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