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Additional Information
Market: AIM
Sector: General Mining - Diamonds & Gemstones
EPIC: STEL
Latest Price: 2.88p  (0,00%)
52-week High: 8.00p
52-week Low: 2.50p
Market Cap: 8.17M
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Stellar Diamonds
www.stellar-diamonds.com/s/Home.asp

Stellar Diamonds plc is a London listed (AIM:STEL) diamond exploration and development company that is focused on the West African countries of Sierra Leone and Guinea.  Stellar has an advanced portfolio of high grade kimberlites that are currently subject to resource definition thorugh drilling, bulk sampling and trial mining.  Initial resource statements are expected in early 2011 from Tongo and Droujba.  In addition, Stellar has also mined and sold over 125,000 carats of diamonds from two alluvial operations in Guinea. 

Full Stellar Diamonds profile here
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Stellar Diamonds' Droujba kimberlite pipe extends below 388 metres

27th Jun 2011, 7:44 am by Ian Lyall Bulk sampling will take place on site once the plant is relocated from the company’s Bomboko project, also in Guinea.

Stellar Diamonds (LON:STEL) chief executive Karl Smithson said it is “highly encouraging” that the Droujba kimberlite in eastern Guinea extends to 388 metres and remains open at depth.

Previously the pipe, which covers 3 hectares at surface, had been intercepted at 222 metres.

Stellar said today it has doubled the scope of its drilling programme to 12,000 to discover whether Droujba’s two hypabyssal kimberlites coalesce at depth.

Bulk sampling will take place on site once the plant is relocated from the company’s Bomboko project, also in Guinea.

At the same time 268 kilograms of drill core has been sent for micro-diamond analysis. Previous tests on 400 kilograms of kimberlite returned 952 diamonds.

Chief Executive Karl Smithson said: "The drilling programme at Droujba is progressing well and the significant intersection of kimberlite at a depth of 388m is considered to be highly encouraging in terms of the potential tonnage of the Droujba pipe. 

"Based on the interpretation of the drilling data the company has elected to double the current 6,000m drilling programme in order to model the ore body to depth and, in tandem with further microdiamond sampling and a surface bulk sampling programme, establish an initial inferred resource estimate by the end of the first quarter of 2012. I look forward to updating shareholders in due course."

Discovered in the 1960s by the Russians, Droujba was mined down to 20 metres, and it was believed there was nothing below that depth.

Stellar has embarked on an aggressive drilling programme, that also includes the Tongo prospect in Sierra Leone, funded by £6.2 million cash call completed in March.

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