Stornoway recovers 21 carat stone from 500 tonne Lynx dyke sample in Renard

Stornoway Diamond Corporation provides diamond recovery results on three additional large scale samples recently acquired from the Renard project in north-central Québec, a 50:50 joint venture with SOQUEM INC.

The three samples comprise a 500 tonne trench sample extracted from the Lynx kimberlite dyke, and two additional samples collected from the Renard 3 and Renard 4 kimberlites during the recently completed Renard bulk sampling program. Included in the parcel of diamonds recovered from the Lynx sample was a stone with a weight of more than 21 carats.

CEO Eira Thomas said that the recovery of a 21 carat diamond in an exploration size sample from the Lynx dyke is a spectacular result. Large, high value gems are important value drivers for a potential Renard diamond mine and it is encouraging to see these diamonds being regularly recovered at each stage of assessment. These new diamond results represent part of the ongoing work to arrive at the first formal resource calculation for the Renard project, which is anticipated late in the first quarter, 2008.

The new samples have been processed in support of a program of geological modeling and National Instrument (“NI”) 43-101 compatible resource work that is being conducted by Stornoway and AMEC Americas Ltd. within the context of the Renard pre-feasibility study, the principal author of which is Agnico-Eagle Mines Ltd.

Stornoway Diamond Corporation is one of Canada’s leading diamond exploration and development companies, involved in the discovery of over 155 kimberlites in six Canadian diamond districts. SOQUEM is a wholly-owned subsidiary of Société générale de financement du Québec (“SGF”).

Story link: Stornoway recovers 21 carat stone from 500 tonne Lynx dyke sample in Renard