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Diamond News

posted on Oct 13, 2007 09:23AM

Don,t discount the diamonds this is huge business in africa and Stellar has a wide range of assetts and RSG has 9% of that and no more payments.There is aguy named Clifford Elpchick who ran DeBeers and now runs a company called gem Diamonds he is consolidating the diamond business and causing quite a stir

Wed Oct 10, 2007
Encouraging Diamond Results from Tongo Project in Sierra Leone

Mano River Resources Inc. ("Mano" or "the Company"), the TSX-V and AIM-listed exploration and development company focussed on West Africa is pleased to announce encouraging initial diamond recoveries from the Tongo kimberlite project in eastern Sierra Leone. The Tongo project is a Joint Venture between Mano's 68.5% owned subsidiary company, Stellar Diamonds Limited ("Stellar") and BHP Billiton. BHP Billiton can earn up to a 51% interest in the Tongo project under the current spending plan of $3.4million, with a further option to earn up to 70%.

Highlights of the initial recoveries are:

1,894 diamonds, totalling 2.05 carats, recovered from six 200 kg (dry weight) samples, including

49 diamonds over 0.85mm recovered, totalling 1.43 carats

72 diamonds, totalling 2.85 carats, recovered from 23 surface grab samples

Stellar's CEO, Karl Smithson, commented:

"We are extremely pleased with these results and consider the significant number of diamonds recovered to be a promising indicator of potential grade. Additionally, the presence of diamonds in the plus 0.85mm size fraction from these small samples is particularly encouraging. With our partners, BHP Billiton, we are now undertaking a 1,200m drilling programme aimed at locating any potential kimberlite pipes or blows associated with the dykes and look forward to providing an update in due course."

Four kimberlite dykes

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