StockMarketWire.com - Stellar Diamonds has provided a positive update on the results of the phase-1 bulk sampling programme at the Company's Droujba kimberlite pipe in Guinea.
Chief Executive Karl Smithson commented:"The first two bulk sample results are very encouraging, with an initial grade of 60cpht being realised from initial processing, which is consistent with the expectation of high grade.
"Additionally, the recovery of a number of large stones, including a 13.8 carat and a 6.06 carat stone, from a relatively small parcel of 268 carats of diamonds, suggests a coarse size distribution to the diamond population.
"Sample processing is progressing well and we expect to have the full results available during March. We remain on track for delivery of the maiden resource statement for the Droujba pipe by the end of March and I look forward to updating shareholders as we progress."
At 9:44am: (LON:STEL) share price was +0.13p at 6.38p
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