VANCOUVER – Stornoway Diamond Corp. has the cash on hand to conduct its 2009 exploration activities at least on a modest scale. The company will focus on key, advanced projects including the following.
Work to expand and optimize resources at the Renard diamond project will be done in Quebec. Pending joint venture approval, this work program will include drilling and sampling on the Renard 2, Renard 3 and Renard 9 kimberlites leading to an update of the 43-101 resource statement. Diamond results from a 500-tonne sample acquired from the Hibou dyke in 2008 are expected shortly, and represent the first element of this work program.
Advanced assessment will continue on the Aviat project in Nunavut. This work program will include the processing of a 200-tonne sample collected from the Eastern Sheet Complex in 2008, expected to be completed by the end of the first quarter of 2009. Pending the results of this sampling, Stornoway will initiate desktop studies to review potential mining methods at Aviat and, subsequently, the optimum sampling strategy for achieving a 43-101-compliant mineral resource estimate.
Assessment of Stornoway’s extensive grass roots exploration portfolio, including opportunistic drill testing as appropriate, will continue. The company holds such properties in Alberta, Nunavut and the Northwest Territories.
Detailed plans for each project are available in the Jan. 7, 2009, press release posted at www.StornowayDiamonds.com.