DIAMONDS: Stornoway updates joint venture exploration

MONTREAL – Stornoway Diamond Corp. may be busy building Quebec's first diamond mine, but it still has time to update activity on its joint ventures with North Arrow Minerals. North Arrow has an option to acquire an 80% interest in each of the Qilalugaq, Pikoo and Temiskaming projects.

North Arrow completed 10 holes were drilled in June and July at the Pikoo diamond project 120 km east of La Ronge, SK. Kimberlite dykes were encountered in both the north and south areas. The most significant discovery was in the South Pikoo area where three holes in target PK150 returned kimberlite intersections, leading Stornoway to interpret this kimberlite as a near vertical body with a strike length of at least 75 metres.

This spring (March and April) North Arrow completed five holes up ice from an un-sourced kimberlite indicator mineral train at the Temiskaming project on the Ontario-Quebec border, but none of the holes intersected kimberlite.

Information about the joint venture project mentioned above is available at NorthArrowMinerals.com.