Stornoway Diamond Corporation (TSX: SWY) has released the SEDAR filing of a National Instrument 43-101 technical report which represents the qualifying report for the updated mineral resource estimate at the Renard Diamond Project in North Central Quebec.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
The Renard Diamond Project, is a 50/50 joint venture with SOQUEM Inc. The project includes the Renard kimberlite pipes and the Lynx-Hibou system of kimberlite dykes.
Highlights of the updated mineral resource estimate are:
A total Indicated Mineral Resource of 23 million carats
A total Inferred Mineral Resource of 13.3 million carats
A revised diamond valuation of $117 per carat to be applied equally to the Renard 2,3,4 and 9 kimberlite pipes.
A revised Preliminary Assessment of the Renard Diamond Project using the new mineral resource statement is underway by Scott Wilson Roscoe Postle Associates. The new study will include a revised conceptual mine plan, updated capital and operating costs and revised estimates of project economics. The company expects to receive the assessment within the first quarter of 2010.
Stornoway Diamond Corporation
Stornoway Diamond Corporation is one of Canada's leading diamond exploration and development companies, involved in the discovery of over 200 kimberlites in six Canadian diamond districts.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
