Stornoway and Shear announce 2008 program

The consortium of Stornoway Diamond Corporation and Shear Minerals Ltd. has approved up to a $3.8 million exploration program for the year 2008.

Pamela Strand, President and CEO of Shear Minerals Ltd, said that the goal for 2008 is to prove up the existing kimberlites as well as to explore for new kimberlites with large tonnage potential that may occur as either pipes, blows along dykes or where the dykes widen substantially.

We are incorporating a lightweight drill to screen targets in advance of the core rig. This drilling method will quickly confirm whether a target is of high diamond potential to warrant further drilling, Pamela said.

The major details of the 2008 program include, minibulk sampling of the Notch kimberlite, 400 infill till samples, test ground gravity and ground penetrating radar surveys over known diamondiferous kimberlite dyke structures to look for potential kimberlite blows, and intensive prospecting and structural interpretation over high priority geochemical areas.

Stornoway holds 41.86% in the Churchill diamond project, and Shear holds 58.14%.

Source : http://www.stornowaydiamonds.com/investor_relations/news_releases/index.php?&content_id=438

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