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Five Star Diamonds Limited: New Kimberlite Discovery – The Riachao Diamond Project
May. 30, 2017 09:35AM PST
Gem InvestingFive 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
The Company has discovered a large kimberlite pipe at the Riachao Diamond Project.
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.
Significant historical alluvial diamond production in the region surrounding the kimberlite discovery at Riachao.
A detailed ground magnetic survey and surface reconnaissance mapping have recently been completed by the Company.
Initial Kimberlite Indicator Minerals (“KIM”) studies conducted by the company have been highly encouraging. This work continues.
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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