Pele cuts wide intersection at Cristal

Drilling by Pele Mountain Resources (GEM-V) has cut a wide intersection of diamond-bearing volcanic rock at the Cristal diamond occurrence at the Festival property, near Wawa, Ont.

A single, angled (45) hole designed to the thickness and down-dip continuity of the occurrence cut a true width of 90-100 metres, beginning at a depth of 21.5 metres below surface. The hole also confirmed that the Cristal occurrence dips to the northeast onto Pele’s property.

The diamond-bearing unit was interrupted by a 11.5-metre (beginning at 87.1 m below surface) section of brecciated mafic to intermediate rocks.

The hole was collared north of the common property boundary between the Festival property and Band-Ore Resources (BAN-T) GQ property.

Pele notes that the hole also returned intervals of rock related to the diamond-bearing units at depths of 191.5-198.5 metres and from 210-218.2 metres before being stopped at 219 metres below surface.

Earlier this year, Pele recovered a white, 0.72-carat gem-quality diamond from the Cristal showing. The stone, which was recovered from a 13-tonne sample of bedrock extracted in late 2001, measured 4.42 by 4.28 by 3.58 mm, making it the largest ever recovered in the Wawa region.