Sunrise Diamonds PLC
30 October 2007
Sunrise Diamonds plc
http://www.sunrisediamonds.com
OCTOBER 30, 2007
SUNRISE DIAMONDS NEARLY DOUBLES SIZE OF KIMBERLITE 14 IN DRILLING THREE PRIORITY
KIMBERLITES IN FINLAND
• 200kg Samples Shipped From Each of Three Pipes For Micro-Diamond Testing
• Drilling Programme Result Of Reinterpretation of Historic Results
• Kimberlite Indicator Sampling Currently In Progress On 9 Other Targets
Sunrise Diamonds plc (AIM:SDS) ('Sunrise Diamonds' or 'the Company') is pleased
to announce that it has now completed drilling on three priority kimberlites in
the Company's Nordic Diamonds Joint Venture claim areas in the Kaavi-Kuopio
region of central Finland where it is earning up to a 75% interest from Canada's
Nordic Diamonds Inc.
Samples of approx. 200kg have been collected from each kimberlite body and have
now been sent to SGS Laboratories in South Africa for micro-diamond extraction
by caustic dissolution. Dissolution concentrates from these samples will then be
sent to Mineral Services Laboratories in South Africa for micro-diamond picking,
diamond weighing and characterisation and, where possible, grade modelling.
The drill programme successfully sampled Kimberlites 10, 14 and 17 which were
selected following encouraging mineral chemistry results, a reinterpretation of
historic exploration results and based on the recommendations of Mineral
Services Canada Inc, consultants to Sunrise Diamonds.
The Company is also pleased to advise that its drilling has demonstrated a
substantial increase in size of Kimberlite 14 as well as the potential for
further increases. Although historic drilling did not define the limits of this
kimberlite, it has been previously thought to be small as the associated ground
magnetic anomaly covered an area of only 0.35ha.
However, a step out drill hole completed by Sunrise Diamonds as part of the
recently completed programme shows that Kimberlite 14 extends to the north
beyond the limits of the associated ground magnetic anomaly. Here the kimberlite
has a lower ground magnetic response, appears to be wider and remains open along
strike to the north. It also remains open to the south and at depth from
historic drilling and is now estimated to have a minimum surface area of 0.65ha.
The shape of Kimberlite 14 is consistent with that of a thick dyke suggesting it
might have a significant strike length and tonnage potential. If diamond
sampling results from this kimberlite are favourable further drilling will be
carried out to fully delineate the body.
The results of diamond picking are expected within 2-3 months.
The sampling of the Nordic JV kimberlites is part of a wider programme of
ongoing exploration throughout the diamond prospective areas of Finland where
the Company is building on its exclusive access to the BHP Billiton exploration
database for that country. In its most recent geochemical sampling programme 142
basal till samples have been collected from 9 different target areas. Results
are expected before year end.
The Company has also completed a detailed review to characterise the geophysical
expression of all known kimberlites in the Kaavi Kuopio kimberlite clusters
based on extensive airborne and ground geophysical survey data contained in the
BHP Billiton database. As a result a contract has been let to a Canadian
consultant geophysicist to define similar targets within the database for
testing in the Company's 2007/2008 winter drill programme.
Further Information:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)
7767-458751
John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518
Brett Miller/Roxane Marffy, Ruegg & Co Limited. Tel: +44(0) 20 7584 3663
The information in this release has been compiled and reviewed by Mr. Patrick
Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM
Guidance Note for Mining Oil & Gas Companies issued on March 16, 2006. Mr
Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a
member of the Australasian Institute of Mining & Metallurgy.
http://www.sunrisediamonds.com
This information is provided by RNS
The company news service from the London Stock Exchange
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