Diamond

Stellar Diamonds plc, (LON:STEL) announced drilling at the diamondiferous Droujba kimberlite pipe project is finished.

Stellar Diamonds plc, (LON:STEL) announced drilling at the diamondiferous Droujba kimberlite pipe project is finished.

As quoted in the press release:

Highlights:

  • 31 holes completed for 7,457 metres in Droujba pipe
  • Deepest intersection of 414m and ore body remains open at depth
  • Processing of overburden yielded 57 carats, including two stones of over 4 carats

Stellar’s Chief Executive, Karl Smithson said:

We are pleased with the progress we are making as we look to advance our kimberlite portfolio and establish JORC compliant maiden resources at our Droujba and Tongo projects by the end of the first quarter of 2012. Now that resource drilling of the Droujba pipe is completed bulk sample processing is scheduled to commence in December so that a representative parcel of diamonds for grade and value estimation can be produced.

Click here to read the Stellar Diamonds plc, (LON:STEL) press release.

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