And on another topic, the Renard result. 150 carrots per hundred acres.
I think a rabbit would starve, what do you say, Doc?
I will have to talk that ET. I think she needs more carrots.
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SWY/TSX 07-23
Date: May 17, 2007
Stornoway Reports an Initial Diamond Content of 150 cpht from Renard 3 Including a 7.8 Carat Stone
Stornoway Diamond Corporation (TSX-SWY) is pleased to provide initial diamond recovery results from its 10,000 tonne bulk sample program at its Renard Project in north-central Québec, a 50:50 joint venture with SOQUEM INC. (“SOQUEM”). A total of 624 carats of diamonds have been recovered from a combined dry sample weight of 417 tonnes from Renard 3, yielding a recovered diamond content of 150 carats per hundred tonnes (cpht). Diamond recovery via x-ray sorter has been completed for three underground samples from Renard 3, with individual results reported below. These results include the recovery of 7.78 and 6.09 carat stones, representing the two largest diamonds discovered in Québec to date.
*Based on diamond recovery using a 1.2mm by 13.0mm slotted screen
**The estimated diamond content, expressed as carats per hundred tonnes, may not be representative of the overall diamond content of the body due to a number of factors, including the location and size of the underground samples
***Carats per hundred tonnes
CEO Eira Thomas stated, “The first diamond recovery results from Renard have exceeded our expectations. The cumulative recovered diamond content at Renard 3 is 18% higher than previous large scale sampling, and we are encouraged by both the size and quality of the diamonds that have been returned.”
The five largest diamonds recovered are 7.78, 6.09, 5.00, 4.19 and 4.13 carats. These stones are described as a near-gem clivage, a colourless gem octahedron, a colourless macle, a light off-colour gem octahedron and a top light brown gem octahedron, respectively.
Click here to see picture
The largest diamond is in the bottom right, and starting here and going clockwise from this stone we have:
7.78 carat near-gem clivage
5.00 carat colourless macle
4.19 carat light off colour gem octohedron
4.13 carat top light brown octahedron
6.09 carat colourless gem octahedron
A total of 1,927 tonnes of kimberlite from the Renard 3 body have now been processed at the 10 tonne per hour (10 tph) Dense Media Separation (DMS) plant located at the Renard Project site. A further 559 tonnes have also been processed from Renard 2, and 142 tonnes from Renard 4. Stornoway anticipates that a total of some 6,000 tonnes of kimberlite will have been processed through the DMS plant by the end of the second quarter, comprising approximately 2,000 tonnes from each of Renard 2, 3 and 4. Final diamond recovery is expected to be completed within the third quarter with a full market valuation following thereafter. Stornoway expects to release diamond recovery results on a batched basis as they become available.
Comparative Historical Data
Between 2004 and 2005, Stornoway’s wholly owned subsidiary Ashton Mining of Canada Inc. (“Ashton”) and its JV partner SOQUEM collected a 146 tonne mini-bulk sample from Renard 3 by reverse circulation drilling that yielded a recovered diamond content of 126 cpht (Ashton press release of January 26, 2005). The largest diamond recovered during that program was a colourless 4.30 carat octahedron.
Historical diamond recovery results now reported from Renard 3 are as follows:
Disclosure Date
Reported by Ashton Mining of Canada Inc.
**The estimated diamond content, expressed as carats per hundred tonnes, may not be representative of the overall diamond content of the body due to a number of factors, including the location and size of the samples or drill holes
***Carats per hundred tonnes
**** DMS processing reported herein utilized a 1.2mm by 13.0mm slotted screen
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