Business
Five Star Diamonds Limited: Drilling Commences at Jaibaras Diamond Project
TORONTO, ONTARIO--(Marketwired - June 8, 2017) - Five Star Diamonds Limited (TSX VENTURE:STAR) (the "Company" or "Five Star Diamonds") is very pleased to announ
About this update from Trinity One Metals Ltd.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - June 8, 2017) - Five Star Diamonds Limited (TSX VENTURE:STAR) (the \"Company\" or \"Five Star Diamonds\") is very pleased to announce that the previously announced drilling programme at the Company's 100% owned Jaibaras Diamond Project (the \"Jaibaras Project\" or \"the Project\") in Para State, in northern Brazil, has commenced. Jaibaras Diamond Drilling Programme To date eight kimberlite targets, J1 to J8, have been identified at the Jaibaras Project and the drilling programme will focus on kimberlite targets J1 and J2. Diamond core drilling commenced on J1 kimberlite and hole JAI-DDH-001-17 is currently in progress. The programme will use shallow vertical drill holes located on a 50 x 50m drill grid defined by the ground magnetic results. The key objective of the programme is to cross cut the oxide weathered zone and penetrate approximately 5 metres within the fresh rock, which will allow the Company to delineate the lateral boundaries of the pipe and the vertical depth of the oxide weathered zone. This will then provide the necessary data to conduct a tonnage estimation of the J1 oxide zone. A total of 30 diamond drill holes are planned at the J1 kimberlite. A nearly identical programme is planned on the J2 kimberlite and this will commence immediately after the drilling is completed on the J1 kimberlite. The complete programme for both J1 and J2 kimberlites is planned to comprise of 61 drill holes with a total of 2,500 linear metres. It is estimated that this programme with be completed in the next 45 days. The drilling programme is being conducted by Geosol - Geologia e Sondagens S/A (\"Geosol\"), a drilling company based in Belo Horizonte, Brazil. Geosol has one drilling rig MAC-320 operating on the Project. A second MAC-320 drilling rig is currently being mobilised and will arrive at the Project in the coming days. Logging, recovery control and drill hole location are being conducted by the Five Star Diamonds exploration crew. About the Jaibaras Diamond Project The Jaibaras Diamond Project is located in Para State in Brazil and comprises one mineral property with 522.26 hectares. De Beers discovered the Jaibaras kimberlite cluster in 1990 during intensive Brazilian exploration. Their work included sampling for Kimberlite Indicator Minerals (\"KIMs\") and chemistry, aeromagnetic and ground...