Sunrise Diamonds PLC
30 November 2006
www.sunrisediamonds.com
30 November 2006
MICRO-DIAMONDS RECOVERED
AT TWO RECENT KIMBERLITE TARGETS IN FINLAND
• Micro-Diamond Found In Glacial Sediments At Target 295
• Target 295 Kimberlite Source May Be Significantly Diamondiferous
• Total 27 Micro-Diamonds Recovered From Target 298 Kimberlite Sample
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Sunrise Diamonds plc ('Sunrise' or 'the Company') is pleased to announce that
significant counts of micro-diamonds have been found in association with the
two-kimberlite targets in the Kaavi-Kuopio region of south-central Finland
described in its October 3rd 2006 announcement.
Target 298
At the Company's 100% owned Target 298, kimberlitic material was reported in
October to be abundant in glacial gravels suggesting, the Directors believe, a
source of significant size. A 20kg composite sample of this kimberlitic material
has now been processed at Kennecott Laboratories in Canada.
Twenty-seven micro-diamonds have been recovered from this 20kg sample.
Twenty-two of the stones were intact, mostly octohedra, and five were fragments.
Colours varied from white to brown and all are transparent with little sign of
resorbtion. The total weight is 504,263 octacarats (1 carat =10^8 octocarats).
The largest stone has dimensions 0.57mm x 0.57mm x 0.31mm.
Follow up work is now in progress to trace the source of the diamondiferous
kimberlite material.
Target 295
At unrelated Target 295, some kilometres away, and where the Company is earning
up to a 75% interest from owner Nordic Diamonds Ltd, a single micro-diamond has
been recovered during processing of a sample of surface glacial sediments. This
is one of a number of samples being processed in order to trace the source of
kimberlite fragments found in October.
This result corroborates the mineral chemistry from both the kimberlite
fragments and the glacial sediments and suggests, the Directors believe, that
the source kimberlite may be significantly diamondiferous.
The distribution and character of the kimberlite fragments suggest a local
source. Further sediment sampling is in progress and geophysics is planned to
delineate bedrock targets for drill testing.
Lampi
The Company has received micro-diamond test results from a 200kg sample of the
recently discovered Lampi kimberlite deposit in the Kuusamo cluster in Finland.
Only one micro-diamond was recovered and this result does not reconcile with the
previous results from processing of initial drill samples which resulted in the
recovery of five micro-diamonds from a 10kg sample of the hypabyssal phase of
the Lampi kimberlite. These five micro-diamonds were all fragments with longest
dimensions between 0.25 and 0.41mm. It is possible that the fragments represent
pieces from one or more larger macro-diamonds and that the kimberlite contains
few micro-diamonds. The results will therefore be subject to further analysis.
'The results from Targets 295 and 298 are exciting. It is rare to find
micro-diamonds in samples of glacial sediments as we have at Target 295 -
normally we have to rely on more common kimberlite indicator minerals to
characterise the diamond potential of the source kimberlite. Also, the
micro-diamond count per kilo from Target 298 is high', said Sunrise Diamonds'
Chairman Patrick Cheetham today.
Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947.
Mob: +44 (0)7767-458751
John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518
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.
This information is provided by RNS
The company news service from the London Stock Exchange