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Stornoway Reports New Microdiamond Results From the Aviat Project
Stornoway Diamond Corporation (TSE:SWY) reports results of a new microdiamond from the AV9 kimberlite project, Nunavat.
Stornoway Diamond Corporation (TSX:SWY) reports results of a new microdiamond from the AV9 kimberlite project, Nunavat.
The press release is quoted as saying:
These results are consistent with previous high diamond recoveries from the project, which incorporates an extensive system of kimberlite pipes and near surface kimberlite sheets with significant tonnage and grade potential.
Stornoway’s President and CEO, Matt Manson says:
“These new microdiamond results confirm the high diamond contents and competitive size distribution characteristics typical of the Aviat Project, one of the most significant diamond occurrences to have been discovered in the eastern Arctic. Of particular significance are the large diamonds recovered from AV9, the kimberlite pipe located at the heart of Aviat’s complex of diamondiferous kimberlite sheets. Stornoway’s principal near term focus is the completion of the Renard Feasibility Study, expected within the third quarter of this year, and the development of Renard into Quebec’s first diamond mine. However, Aviat represents a credible internal growth opportunity for the company with a substantial inventory of diamonds. As Renard progresses, we will continue to advance our pipeline of projects with particular emphasis on discovery and the establishment of new resources.”
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