Pele finds small stones (August 22, 2002)

Pele Mountain Resources (YPN-V) has uncovered more than 20 volcanic units on a 9-sq.-km portion situated in the southwest corner of the Festival property, near Wawa, Ont.

The intermittently outcropping units range in widths up to 100 metres and have strike lengths up to 800 metres.

So far, 138.2-kg of sample (about 20-kg each) from 7 occurrences – Genesis, Dom Perignon (North, South and Central), Deutz, and Pommery — have returned a total of 556 diamonds.

The bulk of the stones came from the Genesis occurrence, which surrendered 308 diamonds, including the only two macrodiamonds (defined here as exceeding 0.5 mm in at least one dimension) recovered. All in all, about 77% of all the stones found came in under 0.2 mm.

Pele notes that the latest small samples returned a greater number of larger stones compared with the results from earlier this summer. In July, the company reported that 292.6-kg of sample from the Mumm, Veuve Cliquot, Cristal 25 & 26 and Moet occurrences returned 776 diamonds, with just a single macro, which was retained by a 1 mm square mesh.

Pele is currently commissioning a macro diamond processing facility on the Festival property. The company is also laying plans for future bulk sampling.