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SWY.TO
Stornoway Closes Private Placement of Units
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2012) -Stornoway Diamond Corporation (TSX:SWY) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Stornoway Diamond Corporation ("Stornoway" or the "Corporation") is pleased to announce the closing of a private placement with Stornoway's largest shareholder, Diaquem Inc., an indirect wholly-owned subsidiary of Investissement Qu |
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SWY.TO
Stornoway Arranges a $20 Million Unsecured Debt Facility for Renard Diamond Project Pre-Development Work
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that on May 3, 2012, it entered into a $20 million unsecured debt facility with the Fonds de solidarit |
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Stornoway Announces $28.4M Renard Pre-Development Capital Program
Stornoway Announces $28.4M Renard Pre-Development Capital Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 23, 2012) -Stornoway Diamond Corporation (TSX:SWY) is pleased to announce a significant pre-development capital program for 2012 at the 100% owned Renard Diamond Project ("Renard") located in north-central Qu |
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Stornoway Announces the Successful Completion of Federal Public Consultations for Ren
Stornoway Announces the Successful Completion of Federal Public Consultations for Renard in Mistissini and Chibougamau
MONTREAL, QUEBEC--(Marketwire - June 8, 2012) -Stornoway Diamond Corporation (TSX:SWY) is pleased to announce the recent successful completion of public consultations on the Renard Diamond Project held by the Canadian Environmental Assessment Agency ("CEAA"), the Department of Fishery and Oceans, Environment Canada and Natural Resources Canada. The consultations were held in Chibougamau and Mistissini between June 5th and 7th to solicit public feedback in relation to the ongoing assessment of the Renard Environmental and Social Impact Assessment ("ESIA") by the federal government regulators. The consultations were well attended, and the responses received were overwhelmingly positive. The Renard Diamond Project falls under the environmental protection regimes of the Canadian Environmental Assessment Act and the James Bay and Northern Qu |
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Stornoway (SWY.TO) Signs Partnership Accord With Chibougamau and Chapais
Stornoway (SWY.TO) Signs Partnership Accord With Chibougamau and Chapais
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2012) -Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that it has executed a Declaration of Partnership (the "Declaration") with the communities of Chibougamau and Chapais in the James Bay Region of Qu |
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Stornoway (TSX:SWY) to Commence Bulk Sampling of Renard 65 Kimberlite
Stornoway (TSX:SWY) to Commence Bulk Sampling of Renard 65 Kimberlite
MONTREAL, QUEBEC--(Marketwire - July 23, 2012) -Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that it will shortly commence a 5,000 tonne bulk sample program of the Renard 65 Kimberlite pipe, located at Stornoway's 100% owned Renard Diamond Project in north-central Quebec. The objective of the bulk sample program is to collect a large enough parcel of diamonds to allow the conversion of material that is currently classified as an Inferred Mineral Resource to an Indicated Mineral Resource and then, if warranted, to a Mineral Reserve. Five thousand tonnes will be acquired from a previously opened trench where the R65 kimberlite is exposed at surface at its northern extent, and will be processed initially at Stornoway's 10 tonne per hour dense media separation plant located at the project site. Final diamond recovery will be conducted at Stornoway's North Vancouver lab facilities. The program is budgeted at C$2.5million, and is scheduled to be completed by the end of the year. Given previously measured grades at the sampling site, it is expected that approximately 1,000 carats of diamonds will be recovered, which will be sent to Antwerp, Belgium for valuation. Matt Manson, President and CEO, commented: "The Renard 65 bulk sample program announced today offers the opportunity to add a large tonnage of open pit reserves to the Renard mine plan. Renard 65 is the largest of the project's kimberlites, and although its grade is lower than Renard 2 and 3, its diamond characteristics are similar and it is easily accessible from surface. The cost of developing an open pit at Renard 65 is already included in the Renard Feasibility Study, as a borrow pit for backfill waste required in the underground mine, and as a sump for water management. However, as an Inferred Mineral Resource, ore extracted from this pit is excluded from the Feasibility Study's production schedule. The upgrading of Renard 65's resource classification this year is expected to add value to the project by allowing an immediate expansion of planned processing capacity from 6,000 to 7,000 tonnes per day, and by extending the reserve mine life beyond the current 11 years. Renard has a considerable resource upside potential, and this sampling program will allow us to pursue the project's continued growth as we work towards final project financing." In November 2011, Stornoway released the first National Instrument ("NI") 43-101 compliant Mineral Reserve estimate for Renard of 18.0 Mcarats (representing 23.0 million tonnes at an average grade of 78 carats per hundred tonnes, or "cpht") at a weighted average diamond valuation of US$180/carat. The project's Inferred Mineral Resources comprise an additional 17.5 Mcarats (31.1 Mtonnes at an average grade of 56 cpht), and targets for further exploration outside of the Mineral Resource statement have been estimated at between 23.5 and 48.5 Mcarats (55.1 to 75.5 Mtonnes at grades ranging from 23 to 188 cpht). Within this resource inventory, Renard 65 contains an Inferred Mineral Resource of 3.7 Mcarats (representing 12.9 mtonnes at an average grade of 29 cpht) to a depth of 290m, with an exploration potential estimated at between 6.8 and 13.7 Mcarats (29.5 to 41.6 Mtonnes at between 23 and 33 cpht) from 290m to 775m in depth. The reader is cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. In addition, the potential quantity and grade of any exploration target is conceptual in nature, and it is uncertain if further exploration will result in it being delineated as a mineral resource. About the Renard Diamond Project The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of the communities of Chibougamau and Chapais in the James Bay region of North-Central Qu |
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Stornoway (SWY.TO) Announces New Agreement to Complete Route 167 Extension
Stornoway (SWY.TO) Announces New Agreement to Complete Route 167 Extension
Quebec and Stornoway to Partner on Road Financing and Construction MONTREAL, QUEBEC--(Marketwire - Nov. 15, 2012) -Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that its wholly-owned subsidiary Les Diamants Stornoway (Canada) Inc. has entered into a Framework Agreement and an associated Letter of Intent (collectively the "Agreement") with the Government of Qu |
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Stornoway (SWY.TO) Completes Renard 65 Bulk Sample Field Program
Stornoway (SWY.TO) Completes Renard 65 Bulk Sample Field Program
MONTREAL, QUEBEC--(Marketwire - Nov. 21, 2012) - Stornoway Diamond Corporation (TSX:SWY) is pleased to announce that it has completed the field portion of a bulk sample program on the Renard 65 Kimberlite pipe, located at Stornoway's 100% owned Renard Diamond Project in north-central Quebec. The program was announced in a press release dated July 23, 2012. The objective of the bulk sample program is to collect a large enough parcel of diamonds to allow the conversion of material that is currently classified as an Inferred Mineral Resource at Renard 65 to an Indicated Mineral Resource and then, if warranted, to a Mineral Reserve. Sampling commenced in July with the objective of collecting five thousand tonnes from a surface trench through blasting. Following the trenching, a sample of approximately 5,147 dry tonnes of kimberlite from Renard 65 was processed at the 10 tonne per hour Dense Media Sample plant located at the Renard project site. A heavy mineral concentrate produced by the plant will now undergo final diamond recovery at Stornoway's North Vancouver lab facilities. Diamond results are expected in Q1 2013. Given the estimated diamond content at the sampling site, it is expected that approximately 1,000 carats of diamonds will be recovered, which will be sent to Antwerp, Belgium for valuation. Matt Manson, President and CEO, commented: "We are pleased that trenching and processing of the Renard 65 bulk sample has progressed so well to date. Although Renard 65 is lower grade than the other four kimberlites contained within the Renard Mineral Resource, it is the largest pipe discovered to date at Renard and is amenable to large scale open-pit mining. The successful conversion of Inferred Mineral Resources at Renard 65 to a Mineral Reserve will allow us to plan for an expanded processing rate and an extension of the reserve mine life beyond the current 11 years. This is all expected to add value to the project." In November 2011, Stornoway released the first National Instrument ("NI") 43-101 compliant Mineral Reserve estimate for Renard of 18.0 Mcarats (representing 23.0 million tonnes at an average grade of 78 carats per hundred tonnes, or "cpht") at a weighted average diamond valuation of US$180/carat. The project's Inferred Mineral Resources comprise an additional 17.5 Mcarats (31.1 Mtonnes at an average grade of 56 cpht), and targets for further exploration outside of the Mineral Resource statement have been estimated at between 23.5 and 48.5 Mcarats (55.1 to 75.5 Mtonnes at grades ranging from 23 to 188 cpht). Within this resource inventory, Renard 65 contains an Inferred Mineral Resource of 3.7 Mcarats (representing 12.9 mtonnes at an average grade of 29 cpht) to a depth of 290m, with an exploration potential estimated at between 6.8 and 13.7 Mcarats (29.5 to 41.6 Mtonnes at between 23 and 33 cpht) from 290m to 775m in depth. All kimberlites remain open at depth. The reader is cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. In addition, the potential quantity and grade of any exploration target is conceptual in nature, and it is uncertain if further exploration will result in it being delineated as a mineral resource. Qualified Persons Mr. David Skelton, P.Geo. (QC), P.Geol (AB), Vice President, Project Development for Stornoway is a Qualified Person as defined under National Instrument 43-101 and was responsible for supervising the Renard 65 bulk sample program on the Renard Diamond Project. Mr. Skelton has reviewed and approved the scientific and technical information contained in this release. About the Renard Diamond Project The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of North-Central Qu |
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Stornoway (SWY.TO) Receives Renard Certificate of Authorization
Stornoway (SWY.TO) Receives Renard Certificate of Authorization
Major Permitting Milestone Achieved on Schedule MONTREAL, QUEBEC--(Marketwire - Dec 6, 2012) - Stornoway Diamond Corporation (SWY.TO) is pleased to announce that it has received the global Certificate of Authorization for the Renard Diamond Project from the Qu |
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