Stornoway Diamond Corporation said its Qilalugaq Project in Nunavut, Canada, may hold a 10 million carat diamond resource after completing minibulk sampling at the site. “Minibulk sampling to date has established a modest grade, but it is a large, outcropping ore body, located 10 kilometers from tidewater with the potential to yield a 10 million carat plus resource,” said Eira Thomas, chief executive officer of Stornoway. “Early indications of diamond quality have also been encouraging and Stornoway is now considering a larger bulk sample to properly characterize the diamond population and provide a preliminary estimate of diamond value.”

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