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Stornoway Provides Update On Adamantin Project

Stornoway Diamond Corporation (TSX-SWY; the “Corporation” or “Stornoway”) is providing an update on exploration at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec. Till sampling at Adamantin during 2015 confirmed the presence of indicator mineral anomalies interpreted to be sourced from undiscovered kimberlites with diamond potential, with one till sample returning a diamond. Drilling during March and April resulted in the discovery of 11 distinct kimberlite bodies. Diamond recovery results have now been received from these 11 bodies, and no diamonds were recovered. In total 300 kilograms of kimberlite were processed for micro-diamond recovery by caustic dissolution and 2,500 kilograms for macro-diamond recovery by dense media separation. All samples were processed at Microlithics in Thunder Bay, Ontario.

Matt Manson, President and CEO, commented: “We are disappointed by these early diamond results from Adamantin. Nevertheless, we believe additional kimberlites remain undiscovered on the property and we have not yet explained our promising indicator mineral chemistry and the diamond that was recovered in a till sample in 2015. We have expanded our land position at the project and re-focused our exploration attention at additional geochemical sampling and geophysics, with a view to returning to drilling next year should results warrant.”

The Adamantin Project now comprises 28,171 hectares of claims in three blocks, following recent additional acquisitions. During July and August field crews collected ground geophysical data to better define known kimberlites and to outline untested anomalies. Till samples were collected in specific areas of interest to better constrain targets for future work, as well within the newly acquired land packages where historical data suggests the presence of additional kimberlites.

Qualified Persons
Disclosure of a scientific or technical nature in this press release was prepared under the supervision of Robin Hopkins, P.Geol. (NT/NU), Vice President, Exploration, a “qualified person” under NI 43-101.

Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, on track to becoming Québec’s first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses.