Canadian Mining Journal

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DIAMOND RESOURCES: Renard 2 numbers up fourfold

QUEBEC — Vancouver-based Stornoway Diamond Corp. has completed the 2009 summer drilling program at the R...



QUEBEC — Vancouver-based Stornoway Diamond Corp. has completed the 2009 summer drilling program at the Renard 2 kimberlite pipe and announced that it has high confidence in a geological model that is four times larger than the initial resource estimate made in December 2008. The Renard diamond project in the northern part of the province is a 50:50 joint venture between Stornoway and SOQUEM.

 

The latest drilling was part of an in-fill program designed to convert previously announced new kimberlite zones on adjacent sides of Renard 2 to the indicated resource category. The results of drilling are consistent with an estimate of between 14.8 million and 17.8 million tonnes of potential mineralization to 700 metres below surface, according to Stornoway. The new material is in addition to an earlier estimate of 3.36 million tonnes of indicated resources at an average grade of 81 cpht and 1.80 million tonnes of inferred resources at an average grade of 86 cpht.

 

Comprehensive information on what will be Quebec’s first diamond producer is posted at www.StornowayDiamonds.com.