Stornoway Diamond Co. Announces 2018 Exploration Programs

Mining and Exploration
19/01/2018 13:15

Canadian miner Stornoway Diamond Co. has announced its exploration plans for the upcoming year. "With the successful construction and ramp-up of the Renard Diamond Project completed", they write, "the board of directors of Stornoway has approved a program of both brownfield and grassroots exploration aimed at both new discoveries, and the development of the existing resource upside potential at Renard. A total budget of $4.6 million has been allocated to complete this work." It will include A drill program of 100 targets on the Renard Property aimed at new kimberlite discovery; 5,000 meters of delineation drilling on Renard 3 aimed at the conversion of high grade mineral resources and their acceleration in the Renard mine plan; and grassroots sampling and drilling on new claim acquisitions in both eastern and western Canada.

“In 2018, Stornoway is turning with a renewed focus to exploration and new project development," says Matt Manson, President and CEO. "Our objective is both brownfield discovery and resource expansion at our existing Renard Mine, and new exploration geared towards the creation of a viable project pipeline for the future. The bulk of the 2018 exploration budget will be allocated to drilling. Since the early 1990s, Stornoway’s exploration team has been involved, individually or collectively, in the discovery of more than 200 kimberlites in Canada. Our experiences include the discovery or furtherance of the Diavik, Snap Lake and Renard mines, as well as the Aviat, Churchill, Pikoo, Qilalugaq, Coronation Gulf, Wales Island, Temiscaming Attawapiskat, Buffalo Hills and, most recently, Adamantin kimberlite fields. We are particularly excited about the potential for additional brownfield discoveries at Renard, given the large number of targets that remain untested and the unusually small size of the current kimberlite cluster.”

In 2018, Stornoway will test 100 geophysical anomalies on the Renard Property identified from the recent reprocessing, compilation and interpretation of numerous historical airborne and ground geophysical surveys. The Renard Property comprises more than 600 mineral claims representing about 33,600 ha of ground, and extends 10-12 km in all directions around the producing Renard Diamond Mine. In addition to the nine known kimberlite pipes in the Renard core area (five of which are in the present mine plan), there are at least eleven additional kimberlite dykes on the property. No systematic exploration work has been conducted on the Renard Property since 2007-08 when mine development activities commenced.