Sunrise Diamonds PLC
31 January 2006
www.sunrisediamonds.com
31 January 2006
AGM Statement -Highlights
SUNRISE GAINS EARLY BENEFIT FROM ACQUISITION OF
FINLAND DIAMOND DATABASE
& REPORTS ANOTHER MICRODIAMOND IN KUUSAMO KIMBERLITE
• Prospective New Areas Identified: Claims Now Being Submitted
• Follow-Up Includes Targets With Micro-And Macro-Diamonds In Till Samples
• Check Sampling Returns Micro-Diamond From Kattaisenvaara Kimberlite
Sunrise Diamonds plc ('Sunrise Diamonds' or the 'Company') is pleased to report
at its AGM today that its diamond exploration programme in Finland is already
reaping the benefit of last months acquisition of BHP Billiton's diamond
exploration database.
After spending an initial period with BHP Billiton staff and other diamond
specialists checking the data integrity, the Company has incorporated the BHP
Billiton data into a countrywide Geographical Information System (GIS) together
with its own existing data.
Numerous unresolved trains of kimberlite indicator minerals in glacial sediments
have been identified from a preliminary review of the data. These include G10
garnets, and in two particular cases, micro- and macro-diamonds are reported in
areas where the bedrock source does not appear to have been identified.
'Work to-date has created what we believe is probably the most comprehensive
diamond exploration data resource currently in use in Finland today. The new
target areas occur throughout the diamond prospective area in Finland, not just
in the vicinity of our existing Kuusamo kimberlite cluster' said the Company's
Chairman, Patrick Cheetham speaking at today's AGM.
As a result, the Company is now applying for claims and claim reservations to
allow these leads to be followed up.
Check sampling of original Kuusamo discovery yields further micro-diamond
Small samples of the original Kuusamo discoveries at Kalettomanpuro and
Kattaisenvaara were previously barren of micro-diamonds based on independent
caustic dissolution analysis. However, as part of the Company's check quality
control procedures, the dissolution concentrates from these original samples
were re-submitted to a second independent laboratory - the Kennecott minerals
processing laboratory in Thunder Bay, Canada.
As a result, a micro-diamond fragment was recovered from an original sample of
the Kattaisenvaara kimberlite. The original sample, before dissolution, weighed
27.5kg and the micro-diamond fragment is white and transparent with a long axis
of 0.33mm.
'This is an extremely encouraging result as it shows that more than one of the
six kimberlites so far discovered at Kuusamo is diamondiferous.' said Mr
Cheetham. 'It obviously increases the prospectivity of the area'.
Further information:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44(0)
7767 458751
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: +44(0)20-7628-5518
This information is provided by RNS
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