Diamond

Stornoway Diamond Corporation (TSX:SWY) provided an update on recent activities at exploration properties optioned to North Arrow Minerals Inc. (TSXV:NAR). The option agreement allows North Arrow Minerals to acquire an 80% interest in each of the Qilalugaq, Pikoo, and Timiskaming exploration projects by fully funding and completing specified option work programs in each area over a specified period of time. Drilling has been completed at the Pikoo project in Saskatchewan, and hypabyssal kimberlite was intersected in nine of ten drill holes. The most significant discovery was in the South Pikoo area, where target PK150 intersected kimberlite from 28.89 meters (hole DDH13PK06 at a -59° inclination), 22.12 meters (hole DDH 13PK08 at a -49° inclination) and 20.12 meters (hole DDH 13PK09 at a -60° inclination). Drilling was also completed at the Teminskaming project in Ontario, and kimberlite was not intersected in any of the drill holes.

 Stornoway Diamond Corporation (TSX:SWY) provided an update on recent activities at exploration properties optioned to North Arrow Minerals Inc. (TSXV:NAR). The option agreement allows North Arrow Minerals to acquire an 80% interest in each of the Qilalugaq, Pikoo, and Timiskaming exploration projects by fully funding and completing specified option work programs in each area over a specified period of time. Drilling has been completed at the Pikoo project in Saskatchewan, and hypabyssal kimberlite was intersected in nine of ten drill holes. The most significant discovery was in the South Pikoo area, where target PK150 intersected kimberlite from 28.89 meters (hole DDH13PK06 at a -59° inclination), 22.12 meters (hole DDH 13PK08 at a -49° inclination) and 20.12 meters (hole DDH 13PK09 at a -60° inclination). Drilling was also completed at the Teminskaming project in Ontario, and kimberlite was not intersected in any of the drill holes.

As quoted in the press release:

Pikoo Project, Saskatchewan
During June and July, North Arrow completed ten drill holes (2,002 meters) at the Pikoo project, located approximately 120 kilometres east of La Ronge, Saskatchewan. Drilling targeted two separate areas with previously un-sourced kimberlite indicator trains. Hypabyssal kimberlite was intersected in nine of ten drill holes.

The most significant discovery was in the “South” Pikoo area where target PK150 returned kimberlite intersections from three holes: 28.89 meters (hole DDH13PK06 at a -59° inclination), 22.12 meters (DDH 13PK08 at -49°) and 20.12 meters (DDH 13PK09 at -60°). The PK150 kimberlite is interpreted as a near vertical body with a drill defined strike length of at least 75 meters. It is described as a dark grey hypabyssal kimberlite containing abundant olivine as well as common ilmenite, common garnets (purple to orange) and less common chrome diopside. Internal country rock dilution is estimated as less than 5% and mantle nodules ranging up to 10 cm have been observed.

In the “North” Pikoo area, five drill holes tested an east-west trending target over a 1.1 km strike length. The drill holes encountered between one and six individual kimberlite dykes ranging from 3 cm to 59 cm in width, interpreted to be vertical to steeply south dipping. Surficial Indicator mineral anomalies suggest the dyke system extends over a significantly greater strike length than tested by the current drill program.

The Pikoo project drilling program has confirmed the existence of a new kimberlite field within the Sask Craton of northern Saskatchewan, as suggested by previous geochemical sampling. Kimberlite intersections from drill holes that tested PK150 will be submitted for microdiamond analyses. Results from this work are expected in approximately eight weeks.

Temiskaming Project, Ontario
During March and April of this year, North Arrow completed five drill holes (547 m) on four geophysical targets located up ice from an un-sourced kimberlite indicator mineral train. Kimberlite was not intersected in any of the drill holes.

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