Vancouver – With another batch of diamonds from its Greenland drilling program, Hudson Resources (HUD-V, HUDRF-O) has once again upped the size of the largest stone found in the region to 0.122 carat.
The colourless and aggregated diamond measuring 2.9 mm by 2.7 mm by 2.1 mm was recovered from 14.6 kg of core taken from a 4.5-metre kimberlite intercept at its Garnet Lake dike structure near Kangerlussuaq on Greenland’s west coast. One other macrodiamond was recovered from the sample, a 0.028 carat colourless octahedron.
The company has so far recovered nine commercial-sized stones (categorized as plus-0.85 mm) totaling 0.31 carat in weight from 357 kgs of Garnet Lake kimberlite dike material.
In September, Hudson extracted a 50-tonne mini-bulk sample from the dike that is enroute to SGS Lakefield labs in Canada for processing and diamond recoveries using dense media separation. Results are anticipated around year-end.
Shares of Hudson rallied almost 29%, closing up 20 at 90 apiece on strong trading volume of 693,000. The company posts a $19.5-million market capitalization given its 21.6 million shares outstanding.
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