Stellar Diamonds plc
Encouraging Initial Diamond Results from Droujba Kimberlite Pipe in Guinea
Stellar Diamonds plc, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, is pleased to report encouraging initial diamond recoveries from drill core samples of the Company’s 100% owned Droujba kimberlite pipe in south east Guinea.
Highlights:
538 diamonds recovered from 291.62kg of Kimberlite
5 commercial sized diamonds larger than 0.85mm recovered
Largest recovered diamond measures 5.60mm x 2.80mm x 1.80mm
Majority of diamonds are classified as white, colourless and transparent
Macrodiamond grade forecast to be undertaken
Karl Smithson, Chief Executive Officer, commented:
“These excellent results confirm that the Droujba kimberlite pipe has the potential to be significantly diamondiferous. It is encouraging to not only see a large number of diamonds recovered, but also to confirm the presence of commercial sized stones in the relatively small sample processed.
“We have made strong progress with our kimberlite projects in both Guinea and Sierra Leone and with aggressive work programmes planned for Droujba as well as Tongo we believe that we have established a strong base from which to unlock shareholder value. We look forward to updating the market on progress made at Droujba and our other key development projects in the near future.”
No comments:
Post a Comment