June 30, 2008

Stornoway, Shear provides laboratory results


by Sarah Wilsdon

Stornoway Diamond Corporation and partner Shear Minerals Ltd. reported complete laboratory results received from 2007 sampling at the Churchill Diamond project in Nunavut.

The consortium said that the Kahuna tailings audit ended with the recovery of additional diamonds that increase the diamond grade to 1.04 carats per ton and diamond fragments from the Kahuna bulk sample are confirmed to originally have been part of a larger single 13.42 carat diamond.

From the 2007 till sample data, Mineral Services Canada (MSC) has identified a number of additional high interest indicator mineral trains on the property. Out of a total of 42 mineral dispersions identified to date, 35 have yet to be explained by known kimberlite sources. Of these, 17 are ranked high priority, 10 are ranked moderate priority, and 8 are ranked low priority for additional follow-up work.

Seven high interest dispersions can be confidently associated with known kimberlite sources, however five of these have mineral dispersions that suggest possible input of grains from additional undiscovered kimberlite sources. The mineral dispersions are ranked on the basis of the indicator mineral abundance, mineral compositions and presence of primary surface features on the recovered garnets and ilmenites.

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