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Strategies & Market Trends : Ride the Tiger with CD

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From: E. Charters1/21/2008 11:58:39 AM
   of 313053
 
3.64 Carat Diamond Recovered from AV2 Kimberlite AT Aviat

Stornoway Diamond Corporation SWY/TSX, and Hunter Exploration Group are pleased to report that a 3.64 carat stone has been recovered from the AV2 kimberlite, one of eleven significantly diamondiferous kimberlites identified at the 2.2 million acre Aviat Project, located on the Melville Peninsula in eastern Nunavut, Canada.

Stornoway's CEO Eira Thomas stated: "The recovery of a large, gem quality stone from a relatively small sample from AV2 is an important and highly encouraging new development for the Aviat Project. Previous work at Aviat has identified significant tonnage potential together with good grades. The recovery of this 3.6 carat gem has, for the first time, established Aviat’s potential to yield large, high quality gemstones, an important value driver in any economic diamond deposit".

This diamond, described as a gem quality white dodecahedron, is the largest stone from the Aviat Project to date. It was recovered during Dense Media Separation (DMS) processing of an 11.4 tonne (wet weight) subsample, part of a larger, approximately 27 tonne sample collected in 2007 from surface exposures of the AV2 kimberlite (see September 6, 2007 press release). The diamond was damaged during DMS processing and the reported carat weight is thought to represent about 90% of the original weight. A mechanically induced fracture is evident in the photograph available at stornowaydiamonds.com. DMS processing of the 27 tonne AV2 sample is ongoing, and final diamond results will be reported and discussed when available.

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