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Stornoway Diamond Corporation has announced the completion and filing of an Environmental and Social Impact Assessment (ESIA) for its Renard diamond project in Québec.

The submission of the ESIA is an important milestone in the permitting of the project, the firm said. It follows the completion of a positive Feasibility Study for Renard in mid-November, and the authorization of a highway extension project.

Matt Manson, Stornoway’s President and CEO, commented: “The Renard ESIA is a comprehensive document that incorporates many years of social and environmental baseline study and stakeholder consultations within the communities of Mistissini, Chibougamau and Chapais. In particular, it has benefitted from the participation of individual community members in the Renard Environmental Exchange Group which has met regularly throughout 2011 in the Cree community of Mistissini. The Renard ESIA describes a small-footprint project with modest impacts on local land, water and air quality, all of which are well within existing Quebec and federal standards. At the same time, the project offers substantial economic benefits in the form of long term employment and business opportunities across the James Bay region of Québec.”

The Renard diamond project has the potential to become a significant producer of high value rough diamonds over a long mine life.

Probable Mineral Reserves stand at 18.0 million carats, with a further 17.5 million carats classified as Inferred Mineral Resources and 23.5 to 48.5 million carats classified as non-resource exploration upside.