Sunrise Res Regulatory News (SRES)

30 Nov 2006 14:30

Sunrise Diamonds PLC30 November 2006 www.sunrisediamonds.com 30 November 2006 MICRO-DIAMONDS RECOVERED AT TWO RECENT KIMBERLITE TARGETS IN FINLAND • Micro-Diamond Found In Glacial Sediments At Target 295 • Target 295 Kimberlite Source May Be Significantly Diamondiferous • Total 27 Micro-Diamonds Recovered From Target 298 Kimberlite Sample______________________________________________________________________ Sunrise Diamonds plc ("Sunrise" or "the Company") is pleased to announce thatsignificant counts of micro-diamonds have been found in association with thetwo-kimberlite targets in the Kaavi-Kuopio region of south-central Finlanddescribed in its October 3rd 2006 announcement. Target 298 At the Company's 100% owned Target 298, kimberlitic material was reported inOctober to be abundant in glacial gravels suggesting, the Directors believe, asource of significant size. A 20kg composite sample of this kimberlitic materialhas now been processed at Kennecott Laboratories in Canada. Twenty-seven micro-diamonds have been recovered from this 20kg sample.Twenty-two of the stones were intact, mostly octohedra, and five were fragments.Colours varied from white to brown and all are transparent with little sign ofresorbtion. The total weight is 504,263 octacarats (1 carat =10^8 octocarats).The largest stone has dimensions 0.57mm x 0.57mm x 0.31mm. Follow up work is now in progress to trace the source of the diamondiferouskimberlite material. Target 295 At unrelated Target 295, some kilometres away, and where the Company is earningup to a 75% interest from owner Nordic Diamonds Ltd, a single micro-diamond hasbeen recovered during processing of a sample of surface glacial sediments. Thisis one of a number of samples being processed in order to trace the source ofkimberlite fragments found in October. This result corroborates the mineral chemistry from both the kimberlitefragments and the glacial sediments and suggests, the Directors believe, thatthe source kimberlite may be significantly diamondiferous. The distribution and character of the kimberlite fragments suggest a localsource. Further sediment sampling is in progress and geophysics is planned todelineate bedrock targets for drill testing. Lampi The Company has received micro-diamond test results from a 200kg sample of therecently discovered Lampi kimberlite deposit in the Kuusamo cluster in Finland.Only one micro-diamond was recovered and this result does not reconcile with theprevious results from processing of initial drill samples which resulted in therecovery of five micro-diamonds from a 10kg sample of the hypabyssal phase ofthe Lampi kimberlite. These five micro-diamonds were all fragments with longestdimensions between 0.25 and 0.41mm. It is possible that the fragments representpieces from one or more larger macro-diamonds and that the kimberlite containsfew micro-diamonds. The results will therefore be subject to further analysis. "The results from Targets 295 and 298 are exciting. It is rare to findmicro-diamonds in samples of glacial sediments as we have at Target 295 -normally we have to rely on more common kimberlite indicator minerals tocharacterise the diamond potential of the source kimberlite. Also, themicro-diamond count per kilo from Target 298 is high", said Sunrise Diamonds'Chairman Patrick Cheetham today. Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947.Mob: +44 (0)7767-458751 John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518 The information in this release has been compiled and reviewed by Mr. PatrickCheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIMGuidance Note for Mining Oil & Gas Companies issued on March 16, 2006. MrCheetham is a Member of the Institute of Materials, Minerals & Mining and also amember of the Australasian Institute of Mining & Metallurgy. This information is provided by RNS The company news service from the London Stock Exchange