Stornoway Diamond Corporation: Diamonds from New Kimberlites at Aviat.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) ), 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. Diamonds Inc. (BHP Billiton) and Hunter Exploration Group are pleased to report that kimberlites AV6, 7 and 8, discovered during the summer 2005 field program, have proven significantly diamondiferous. Caustic fusion analysis of small surface grab samples Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole from kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. AV6 returned a total of 41 diamonds from 35.3 kg, AV7 returned a total of 49 diamonds from 35.1 kg and AV8 returned a total of 41 diamonds from 31.0 kg. Detailed sieve data is reported below.
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KIMBER- TOTAL TOTAL NUMBER OF DIAMONDS PER SIEVE SIZE
LITE WEIGHT DIAMONDS (mm square mesh sieve)
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0.106 0.150 0.212 0.300 0.425 0.600 0.850
to to to to to to to
(kg) 0.150 0.212 0.300 0.425 0.600 0.850 1.18
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AV06 35.285 41 9 12 6 2 7 3 2
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AV07 35.080 49 20 12 10 3 3 1 0
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AV08 30.980 41 13 11 8 5 4 0 0
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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: "Every kimberlite discovered at Aviat so far has proven diamondiferous from initial microdiamond testing. We are now nine for nine. Even from small samples, diamond recoveries were high with promising size distributions. These results, in conjunction with the excellent mineral chemistry (including high proportions of unsourced G10's) recovered from the Tremblay Corridor continue to support the possibility of an economic discovery from the property". Diamond results from caustic fusion analyses are anticipated in the near term for (i) an additional 35-45kgs of kimberlite from each of AV6, 7 and 8, (ii) approximately 100kgs from the AV5 kimberlite (previously reported as diamondiferous), and (iii) 50-60kg of kimberlite from each of two boulder occurrences thought to be derived from unrelated and as yet undiscovered source bodies within the 70km long Tremblay indicator mineral corridor. Larger kimberlite samples (approximately two tonnes) collected from surface exposures of AV6, 7 and 8 will be processed through a dense media separation facility, with macrodiamond results expected in Q1 2006. Similar sized (several tonnes) samples of kimberlite collected at surface from each of AV2, AV3, AV4 and AV5 will also be processed by dense media separation in the new year. Results from caustic analysis of drill core samples collected from the Aviat Project in 2005 are anticipated later this year or early next year. The occurrences are all hypabyssal hyp·a·bys·sal adj. Geology Solidifying chiefly as a minor intrusion, especially as a dike or sill, before reaching the earth's surface. Used of rocks. hyp kimberlite visually similar to previously reported kimberlites from the Aviat Property, more specifically AV1 to AV5, inclusive, all of which proved significantly diamondiferous from initial test work. Drilling suggests the bodies are sheet-like in nature, although actual dimensions and orientations have not yet been determined. Stornoway holds varying interests, both directly and through 18 joint ventures, in 33 Canadian mineral properties representing 22.6 million acres of ground. Stornoway has been involved in the discovery of 61 kimberlites since 2002. To date; 51 of 61 have been analyzed and more than one third have proven diamondiferous. During 2005 SWY operated exploration programs on 24 properties (12 million acres) and our joint venture partners explored 9 properties (10.6 million acres). In addition to work on our landholdings, Stornoway also undertook generative gen·er·a·tive adj. 1. Having the ability to originate, produce, or procreate. 2. Of or relating to the production of offspring. generative pertaining to reproduction. programs covering over 250 million acres in northern Canada Northern Canada is the vast northernmost region of Canada variously defined by geography and politics. Definitions and usage Also referred to as the Canadian North or (locally) as the North . Generative work included the collection of some 95,000 line km of airborne geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. , in excess of 2400 surficial sur·fi·cial adj. Of, relating to, or occurring on or near the surface of the earth. [surf(ace) + (superf)icial.] Adj. 1. sediment samples to be processed for indicator minerals and a series of rock samples for both microdiamond and macrodiamond analysis. Partial results available to date from this 2005 generative exploration program have already been used to identify and acquire targeted landholdings thought to have the potential to host diamondiferous kimberlites. Additional results are pending and Stornoway anticipates continued property acquisition. 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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