Pele finds small stones (September 02, 2002)

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

The intermittently outcropping units reach widths of up to 100 metres and have strike lengths up to 800 metres.

So far, 138.2 kg of sample from a total of seven 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 recovered (a macro is here defined as exceeding 0.5 mm in at least one dimension). 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 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.

On the Festival property, Pele is commissioning a processing facility for macrodiamonds, and taking bulk samples.

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