Hudson delivers more Greenland diamonds

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 by 2.7 by 2.1 mm, was recovered from 14.6 kg of core taken from a 4.5-metre kimberlite intercept at the Garnet Lake dyke 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) totalling 0.31 carat in weight from 357 kg of Garnet Lake kimberlite dyke material.

In September, Hudson extracted a 50-tonne mini-bulk sample from the dyke that is en route 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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