Stornoway Diamond Corporation Provides Production Update; Provides Production Guidance for Fiscal Year 2016
For Fiscal 2016, based on the March 2016 mine plan, is 220,000 carats produced, at an average grade of 97 cpht. The higher grade achieved is attributable to a better than expected mix of ore available within the open pit for processing. The focus of the ramp-up remains the management and de-watering of processed kimberlite. Commercial production at Renard is defined as 60% of plant capacity, or 3,600 tonnes per day, over a 30 day period. This is expected to be achieved, on schedule, on or around December 31, 2016.