Paramount recovers 1st diamond in W.A

A clear white diamond from a sample associated with an anomalous feature that may represent its volcanic source has been recovered by Paramount Mining Corporation from its Wood River Project in Western Australia’s Kimberley Region.

The diamond is octahedral in shape and measures over 0.5 mm in diameter. This is the first diamond recovered in Western Australia by Paramount.

The diamond is associated with a clearly defined anomalous feature, located in the headwater area of the small creek we sampled. This is a very exciting result, showing we are on the right track, Paramount’s Chief Executive Officer, Ms Maureen Muggeridge, said.

We already have a key target to investigate in a closely confined target area. Pandanus palms and relatively large trees occur within the anomalous area, showing presence of water which is possibly also
indicative that the rock beneath the soil will be different to the sandstone that dominates the region.

The sample was collected from a creek flowing alongside the prominent anomaly which forms an embayment in low sandstone hills. The anomalous area has a diameter of approximately 300 metres, Ms Muggeridge said. Sandstone layers exposed in the creek bed are strongly warped, indicating a local geological disturbance which could be related to the emplacement of volcanic rock, such as kimberlite.

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