February 25, 2013: Montreal, Quebec – Stornoway Diamond Corporation (Stock Profile – TSX:SWY) has completed diamond recovery from the Renard 65 bulk sample recently collected at Stornoway’s 100-per-cent-owned Renard diamond project located in north-central Quebec. In total, 962.8 carats of diamonds larger than a +1 DTC size sieve were recovered from 5080.8 dry tonnes. The size of the diamond sample recovered and the incidence of large diamonds are consistent with Stornoway’s expectations for the Renard 65 kimberlite at this sample location.
The objective of the Renard 65 bulk sample was the collection of approximately 1,000 carats of Renard 65 diamonds for valuation purposes. Having achieved this objective, a diamond valuation exercise has been scheduled to take place shortly in Antwerp, Belgium.
As previously announced (Stornoway press release dated December 11th 2012) the largest diamond recovered from the sample was a 9.78 carat white octahedral gem with a preliminary valuation of $7,000 per carat. The next largest diamond was a 6.41 carat white gem also of high quality, with a preliminary valuation of $4,700 per carat.
To learn more about Stornoway’s Renard project – CLICK HERE.