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Enter Symbol
or Name
USA
CA



Stornoway Diamond Corp (2)
Symbol SWY
Shares Issued 732,026,690
Close 2014-11-20 C$ 0.55
Market Cap C$ 402,614,680
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Cdn Int'l adds Stornoway as Pikoo East optionee

2014-11-21 10:23 ET - News Release

See News Release (C-CIN) Canadian International Minerals Inc (2)

Mr. Michael Schuss of Canadian International reports

STORNOWAY DIAMOND CORP. TO PARTICIPATE IN PIKOO EAST OPTION WITH CANADIAN INTERNATIONAL MINERALS INC. AND NORTH ARROW MINERALS INC.

Canadian International Minerals Inc. has been notified by North Arrow Minerals Inc. that Stornoway Diamond Corp. has exercised its right to participate in the Pikoo East option agreement between Canadian International Minerals and North Arrow. North Arrow and Stornoway will conduct the work through their pre-existing joint venture on the Pikoo diamond project, and will finance the work in proportion to their respective interests in said project. All other terms of the option agreement announced on Sept. 23, 2014, remain the same. North Arrow and Stornoway may earn a 70-per-cent interest in the Pikoo East properties by financing exploration and evaluation of the properties to a kimberlite discovery (including drilling, sampling and indicator mineral testing) on any of the properties within a three-year option period.

Pikoo East properties

Eleven till samples have been collected on the Pikoo East properties under the option agreement. The samples have been submitted to Microlithics Laboratories Inc. of Thunder Bay, Ont., for kimberlite indicator mineral (KIM) processing. Results are expected in early 2015, and details on the processing method can be found on Microlithics Laboratories' website.

The Pikoo East properties comprise five claims totalling 3,447 hectares. The A group directly adjoins North Arrow/Stornoway's Pikoo property, and the B group lies approximately seven kilometres northeast of Pikoo's northern boundary. A map of the properties can be found on Canadian International Minerals' website.

The technical data in this news release have been reviewed by Thomas Hasek, PEng, a qualified person under the terms of National Instrument 43-101. The transaction is subject to the acceptance of the TSX Venture Exchange.

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