Diamond

Stornoway Diamond Corporation (TSE:SWY) reports the 2011 exploration budget for the its portfolio of diamond exploration projects.

Stornoway Diamond Corporation (TSX:SWY) reports the 2011 exploration budget for the its portfolio of diamond exploration projects.

The press release is quoted as saying:

Stornoway’s flagship property is the 100% owned Renard Diamond Project in north-central Quebec, where a Feasibility Study and an associated Environmental and Social Impact Assessment are on track for completion in the third quarter of this year. Over the upcoming 12 month period Stornoway will also conduct a complementary program of discovery oriented exploration at several additional projects elsewhere within Canadawhere the potential exists for the discovery of new kimberlite camps close to infrastructure. Stornoway has allocated a budget of $5.6m to the 2011 exploration program, to be funded from existing cash resources.

Click here to access the entire news release.

Click here to access Stornoway’s company profile.

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