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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 reveals encouraging results from microdiamond analysis on Droujba

19th Dec 2011, 7:33 am by Ian Lyall The company said it is on target to produce a maiden resource estimate in the first quarter of next year.

Stellar Diamonds (LON:STEL) said the microdiamond analysis of its Droujba kimberlite pipe in Guinea has yielded “encouraging results”.

A total of 304 kilograms of drill core has produce 279 diamonds, the largest measuring 2.6 millimetres by 2 millimetres by 1.1 millimetres. The majority of the stones are described as white and colourless.

Construction of a dense media separation (DMS) plant is nearing completion, which will allow bulk sampling of the Droujba pipe.

In total 1,000 tonnes of material will be sampled in four separate batches which have already been extracted and stockpiled.

The company said it is on target to produce a maiden resource estimate in the first quarter of next year.

Stellar chief executive Karl Smithson said: “Microdiamond recovery from the Droujba kimberlite core continues to yield encouraging results. 

“This consignment represented selective samples from the hypabyssal and breccia material and the results confirm our view that the hypabyssal kimberlite is significantly diamondiferous. 

“On site construction of the bulk sampling plant is nearing completion with final commissioning expected shortly. 

“We have made excellent progress at Droujba with our success, to date, demonstrating the significant potential of this project. 

“I look forward to updating shareholders as we progress Droujba towards its maiden resource in the first quarter of 2012. 

“This will be a key milestone for Stellar Diamonds as we look to advance Droujba and enhance the value of our diamond portfolio.” 

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