Stornoway Diamond Corporation: End of Season Update-Steady News Flow Expected in Q1 2006.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) ) has recently completed its busiest field season to date and would like to provide shareholders with an update on expected news flow over the next six to twelve weeks. The majority of results from work completed in 2005 remain outstanding and are summarized as follows:
MICRODIAMOND ANALYSIS USING CAUSTIC FUSION
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Final Results
Property Kimberlite Sample Weight Expected
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Wales Island WI 1, WI 1(dyke), WI 2,
WI 3, WI 9, WI 47,WI 111 750 kg total Mid-January
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Aviat AV5 71.7 kg Mid-January
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Aviat AV6 38.8 kg Mid-January
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Aviat AV7 35.5 kg Mid-January
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Aviat AV8 31.7 kg Mid-January
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Aviat Unsourced Float Boulders 120.0 kg Mid-January
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Generative Outcrop and Float Boulders 375.0 kg Late January
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MACRODIAMOND ANALYSIS USING DENSE MEDIA SEPARATION
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Final Results
Property Kimberlite Sample Weight Expected
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Aviat AV2 2.1 tonnes Mid-Late Q1
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Aviat AV3 1.6 tonnes Mid-Late Q1
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Aviat AV4 2.0 tonnes Mid-Late Q1
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Aviat AV5 2.3 tonnes Mid-Late Q1
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Aviat AV6 2.4 tonnes Mid-Late Q1
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Aviat AV7 2.2 tonnes Mid-Late Q1
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Aviat AV8 2.5 tonnes Mid-Late Q1
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Generative Outcrop and Float Boulders 1700 kg Q2
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TILL SAMPLE PROCESSING FOR KIMBERLITIC INDICATOR MINERALS
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Final Results
Property Number of Samples Expected
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Aviat 3135 Q1/Q2
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Churchill 1877 Q1/Q2
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Wales Island 65 January
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Other Properties 788 Q1
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Generative 2718 Q1/Q2
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Stornoway holds varying interests, both directly and through 18 joint ventures, in 33 Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. mineral properties representing 22.6 million acres of ground and has been involved in the discovery of 61 kimberlites since 2002. To date; 51 of 61 have been analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. and more than one third have proven diamondiferous. The most advanced work has been completed on kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. AV-1 where a minibulk sample of 10.4 tonnes returned a potentially economic sample grade of 0.83 carats. 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 airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. 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 2700 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 sediment, mineral or organic particles that are deposited by the action of wind, water, or glacial ice. These sediments can eventually form sedimentary rocks (see rock). samples and a series of rock samples for both microdiamond and macrodiamond analysis. Results from this 2005 generative exploration program are continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. being assessed as they become available and are being used to identify and acquire targeted landholdings thought to have the potential to host diamondiferous kimberlites. A large scale, 11,633 line km airborne gravity survey was recently completed over the Sua Pan property in Botswana with final results expected early in the New Year. The new data will be used to identify potential drill targets for follow up in 2006. 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 analysis and dense media separation are 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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