Pele Mountain Resources (YPN-V) has recovered more diamonds from the Festival property, 25 km north of Wawa, Ont.
The stones came from Dom Perignon, a new occurrence on the western shoreline of Perch Lake.
Pele says the new occurrence indicates that a volcanic diatreme, which was discovered along strike from Area E in early May, appears to be much larger than initially believed.
Caustic fusion analysis of 100.4 kg of composite sample of breccia from Dom Perignon returned a total of 434 diamonds, including 12 macrodiamonds (defined here as measuring more than 0.5 mm in at least one dimension). These are the highest diamond counts from Festival to date. The largest stone recovered measured 1.16 mm by 0.67 mm by 0.56 mm.
The composite sample was collected from bedrock across a width of 90 metres. The occurrence remains open in both directions. Each of the 8-kg sub-samples making up the composite returned diamonds.
Dom Perignon is characterized by discrete, crudely zoned layers (up to 1 metre thick) of fine-grained mica-rich groundmass with variable proportions and sizes of felsic and mafic fragments.
Similar facies have been observed along the east and west side of Perch Lake (Perch East and Perch West diamond occurrences). Related facies are found beyond the north and south end of Perch Lake.
The new discovery brings to 11 the number of areas in which diamonds have been found at Festival.
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