DIAMONDS have been found in a new exploration program on pastoral land in South Australia's mid-north.
Flinders Mines Ltd said today that 10 diamonds had turned up in soil surface samples in an area 7km north-east of Peterborough.
"The results are the most significant soil diamond results known to the company in South Australia," Flinders Mines managing director Kevin Wills said.
"The only other area of similar soil diamonds in South Australia is on Flinders Island where we are also exploring."
Dr Wills said considerable work was necessary to determine the full significance of the new discovery.
He said it was exciting that the diamonds had been found at the surface and clustered together.
"This frequency and scattering in such a close-spread exploration footprint provides us with significant confidence to progress more detailed ground investigations," he said.
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