Stornoway Diamond Corporation: Additional Diamond Results from the Melville Peninsula.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Stornoway Diamond Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SWY SWY Safeway, Inc. (stock symbol) ) is pleased to provide the following update on our eastern Arctic diamond exploration activities. Aviat Project Additional microdiamond results have been received from the Aviat Project situated on the Melville Peninsula Melville Peninsula, 24,156 sq mi (62,564 sq km), c.250 mi (400 km) long and from 70 to 135 mi (113–217 km) wide, Nunavut, Canada, between the Gulf of Bothnia and Foxe Basin, and separated from Baffin Island to the N by the Fury and Hecla Strait; it is joined to , Nunavut. Caustic caustic, any strongly corrosive chemical substance, especially one that attacks organic matter. A caustic alkali is a metal hydroxide, especially that of an alkali metal; caustic soda is sodium hydroxide, and caustic potash is potassium hydroxide. fusion of drill core from six separate kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. bodies (AV1 West, AV2, AV3, AV4, AV5 and AV8) continues to confirm the diamondiferous nature of these bodies (See Press Release 05-22, September 21, 2005 for more details of the AV bodies). Diamond results are reported in the table below. The largest single intact stone from the current batch of results was from AV2 and measured 2.481 x 2.208 x 1.849mm.
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TOTAL DRY TOTAL
SAMPLE NUMBER BODY WEIGHT DIAMONDS
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(kg)
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DDH 05AV1-25 AV1 6.54 10
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DDH 05AV2-05(i) AV2 4.52 9
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DDH 05AV2-05(i) AV2 10.06 5
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DDH 05AV3-05 AV3 6.21 82
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DDH 05AV4-05 AV4 42.2 29
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DDH 05AV5-04/ 06(ii) AV5 9.09 40
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DDH 05AV8-02 AV8 11.11 35
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DDH 05AV8-03 AV8 6.78 8
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NUMBER OF DIAMONDS PER SEIVE SIZE
SAMPLE NUMBER (MM SQUARE MESH SIEVE)
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0.106 0.150 0.212 0.300 0.425 0.600 0.850 1.18 1.70
to to to to to to to to to
0.150 0.212 0.300 0.425 0.600 0.850 1.18 1.70 2.36
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DDH 05AV1-25 3 2 3 0 1 1 0 0 0
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DDH 05AV2-05(i) 3 1 1 3 1 0 0 0 0
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DDH 05AV2-05(i) 1 1 0 2 0 0 0 0 1
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DDH 05AV3-05 34 23 10 5 3 4 1 1 1
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DDH 05AV4-05 10 6 3 5 3 1 1 0 0
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DDH 05AV4-05/06(ii) 18 5 13 2 2 0 0 0 0
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DDH 05AV8-02 13 11 8 3 0 0 0 0 0
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DDH 05AV8-03 1 7 0 0 0 0 0 0 0
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(i) Two separate intersections
(ii) Combined sample from intersections in two drillholes
Sample material from AV3 contained 82 diamonds, as shown in the table above. A large number of these diamonds were fragments, and the process facility has assembled seven of the larger fragments to partially reconstruct re·con·struct tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs 1. To construct again; rebuild. 2. a single stone. Although this reconstructed re·con·struct tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs 1. To construct again; rebuild. 2. stone is only about 50% complete, the minimum measured dimensions are 4 x 4 x 4 mm. Collectively, the seven fragments identified as belonging to this diamond weigh 0.14 carat CARAT, weights. A carat is a weight equal to three and one-sixth grains, in diamonds, and the like. Jac. L. Dict. See Weight. . It is likely that a significant proportion of the 82 stones reported from this sample actually belong to the partially reconstructed diamond and therefore any diamond distribution curve constructed for this particular sample may be misleading. Eira Thomas, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented: "The recovery of a large stone of this nature from a very small sample is highly encouraging and bodes well for the recovery of additional macrodiamonds from the dense media processing See media control. of the remaining 15 tonnes of kimberlite material collected from the Aviat bodies in 2005." During 2005, the Aviat joint venture collected between 1.5 and 2.5 tonnes of kimberlite from each of seven Aviat kimberlites (AV2 to AV8, inclusive). A total of some 15 tonnes of kimberlite is awaiting processing through Stornoway's new dense media separation (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ) plant. The DMS plant is designed to process kimberlite rock and to recover commercial sized diamonds. Approximately 10.4 tonnes of kimberlite from the AV1 body were previously run through a third party DMS and resulted in a grade determination of 0.83 carats per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. . Archived AV1 material is currently being tested in Stornoway's DMS. Once comparative data demonstrates the efficiency of the new DMS plant in a real life scenario, it will be used to process material from AV2 through AV8. At this time, work is expected to begin within the next two weeks. The 2006 exploration program at Aviat will commence in mid-May with a spring ground geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. and drill program targeting the as yet un-drilled AV7 body, as well as other lake based targets within the Tremblay indicator mineral corridor. Prospecting activities will commence once snow cover has receded and will immediately focus on nine priority till anomalies identified from the 2004 regional till sampling and the 2005 detailed follow-up till sampling. These priority areas contain chrome (jargon) chrome - (From automotive slang via wargaming) Showy features added to attract users but contributing little or nothing to the power of a system. "The 3D icons in Motif are just chrome, but they certainly are *pretty* chrome!" rich, high interest G10 pyrope py·rope n. A deep red garnet, Mg3Al2Si3O12, used as a gem. [Middle English pirope, from Old French, from Latin garnet garnet, name applied to a group of isomorphic minerals crystallizing in the cubic system. They are used chiefly as gems and as abrasives (as in garnet paper). chemistry suggesting derivation derivation, in grammar: see inflection. from the diamond stability field and are not associated with any of the known kimberlite bodies. Processing of the 2005 till samples is not yet complete, and new areas of interest may well be identified for ground follow-up. During the summer of 2005, approximately 100,717 acres of mineral claims were staked on the eastern side of the Melville Peninsula some 180 km south of the Aviat kimberlites and 200 km northeast of BHP's Qilalugaq Project at Repulse Bay For the city in Northern Canada, see . Repulse Bay (Chinese: 淺水灣/浅水湾, Pinyin: Qianshuiwan, lit. . These claims cover interesting indicator mineral chemistry derived from till samples that are clearly unrelated to the known Aviat kimberlites. Wales Island Wales Island is one of the Canadian arctic islands located in Nunavut, Canada. It is found at 68°01'N 86°40'W with an area of 1,137 km². It is not to be confused with the much larger Prince of Wales Island far to the northwest. During the 2004 and 2005 field seasons, Stornoway discovered ten kimberlite bodies on Wales Island, Nunavut, representing a new kimberlite field (See press release SWY 05-21 from Sept. 15, 2005). Samples of fresh uncontaminated kimberlite material from nine of the ten bodies were submitted for microdiamond extraction by caustic fusion. Composite weights of kimberlite from the nine bodies ranged in size from 8.17 to 353.9kg and the total mass of material submitted for caustic fusion was 724.0kg (dry weight). The Wales Island kimberlites have a high carbonate carbonate (kär`bənāt', –nət), chemical compound containing the carbonate radical or ion, CO3−2. Most familiar carbonates are salts that are formed by reacting an inorganic base (e.g. content, resulting in significantly more processing time in order to conform with Stornoway's QA/QC QA/QC Quality Assurance/Quality Control standards. Microdiamond results are now available. A total of seven microdiamonds have been recovered from the entire 724.0kg of kimberlite. Four of the nine sampled bodies (W1, W2, W1 North Dyke, and W1 Central Dyke) are confirmed as diamondiferous, as shown individually in the summary table below.
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TOTAL
DRY TOTAL NUMBER OF DIAMONDS PER SEIVE SIZE
BODY WEIGHT DIAMONDS (MM SQUARE MESH SIEVE)
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0.075 0.106 0.150 0.212 0.300 0.425
to to to to to to
(kg) 0.106 0.150 0.212 0.300 0.425 0.600
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W1
North
Dyke 22.63 1 0 1 0 0 0 0
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W1
Central
Dyke 40.94 1 1 0 0 0 0 0
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W1 353.94 2 0 1 0 1 0 0
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W2 194.6 3 0 1 1 1 0 0
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W3 8.17 0 0 0 0 0 0 0
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W9 14.11 0 0 0 0 0 0 0
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W10 15.39 0 0 0 0 0 0 0
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W47 65.17 0 0 0 0 0 0 0
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W111 9.11 0 0 0 0 0 0 0
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Total 724.05 7 1 3 1 2 0 0
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Exploration of the Wales Island project is governed by a joint venture agreement equally split between Stornoway, Strongbow Exploration Inc. and BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. . The joint venture partners are reviewing exploration results received for the project to date, however at the present time no further work is proposed. Caustic fusion analysis was carried out at Microlithics Laboratories in Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. , Ontario, an independent mineral process laboratory currently providing services exclusively to Stornoway and its affiliates. Stornoway's diamond exploration programs are conducted under the direction of Robin Hopkins, P.Geol. (NT/NU), a Qualified Person under NI 43-101. On behalf of the Board STORNOWAY DIAMOND CORPORATION Eira Thomas, President This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements. Stornoway Diamond Corporation (TSX:SWY) |
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