Canada-based Stornoway Diamond Corporation has completed diamond recovery from the Renard 65 bulk sample at its fully owned Renard Diamond Project.
The project is located in north-central Quebec and provided a recovery of 962.8 carats of diamonds from 5080.8 dry tons/
Diamond sample size and incidence of large diamonds were consistent with the company’s projections for the Renard 65 kimberlite.
Renard 65 bulk sample was undertaken for the purpose of collecting nearly 1,000 carats of Renard 65 diamonds for a valuation exercise, scheduled to be conducted in Antwerp, Belgium.
Valued at a preliminary price of $7,000 a carat, the largest diamond recovered from the sample was a 9.78 carat white octahedral gem.
Bulk sampling at Renard 65 was initiated with a focus on converting inferred mineral resource to an indicated mineral resource and, possibly to a mineral reserve for inclusion in the project’s mine plan.
Renard 65 currently hosts an inferred mineral resource of 3.7 million carats, representing 12.9 million tonnes at an average grade of 29 carats for each hundred tons.