Diamond Fundamentals
The Pikoo diamond project consists of 33,374 hectares of mineral claims located approximately 140 km east of La Ronge, Saskatchewan. An all-season road to the community of Deschambault Lake comes to within 6 km of the project's southern boundary. Stornoway staked the Pikoo claims based on results of regional exploration programs intended to test the diamond potential of the Sask craton in north-central Saskatchewan. Surficial till sampling of the Pikoo Property has identified two distinct kimberlite indicator mineral trains. The mineral trains are well defined and a bedrock source for the indicator minerals is interpreted to be located within the current property outline. Two potential source areas have been identified: the North target area and the South target area.
A partially disaggregated boulder identified by Stornoway geologists as altered kimberlite was discovered in the spring of 2012 from the North target area, however a bedrock source has not been identified.
North Arrow Minerals Inc. has the option to earn an 80% interest in the Pikoo diamond project by completing an option work program consisting of a minimum 2,000 m diamond drilling program including a minimum of two drill holes at each of the North and South target areas. The work program, announced on March 14, 2013, must, among other requirements, be initiated by January 2015 and completed by January 2016.
| Mar 14, 2013 Stornoway Options Non-Core Exploration Projects Stornoway Diamond Corporation (TSX-SWY) is pleased to report that it has entered into option agreements with 0954506 B.C. Ltd. (the “Optionee”), a private company controlled by Ms. Eira Thomas, for... |
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| Oct 3, 2011 Stornoway Provides Update On Pipeline Projects Stornoway Diamond Corporation (TSX-SWY) is pleased to provide an update on activities at the company's diamond exploration pipeline projects. |
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| Apr 26, 2011 Stornoway Announces 2011 Exploration Program And Budget Stornoway Diamond Corporation (TSX-SWY) is pleased to announce the 2011 exploration budget for the Company's portfolio of diamond exploration projects. |
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