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MEI Online: Commodities: Non-Metallic Ores: Diamond: Latest News: July 1st 2005


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:: 4.66 Carat Diamond Recovered from Tawana Alluvials

Tawana Resources NL ('Company') advise that a 4.66 carat diamond was recovered from a sample of alluvial material collected by Bauer drilling in the Eastern Gravels portion of the 100% owned Tawana Alluvials.

The Company has previously advised that statistical analysis of the diamonds recovered from the alluvials strongly indicated that larger diamonds would be recovered once larger volumes of samples had been processed. This is due to the 'nugget effect' which requires larger samples to recover the larger and more valuable diamonds. Small samples = smaller diamonds; larger samples = larger diamonds.

The recovery of the 4.66 carat diamond confirms that the Company’s interpretation is correct. The diamond is described as a clear, good quality diamond of similar appearance to a 2.02 carat gem diamond recovered earlier.

This stage of the Bauer drilling program has now been completed on the Tawana Alluvials and processing of the material extracted will continue through to September.




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