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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Comment by hempsteron May 21, 2020 2:39am
110 Views
Post# 31054759

RE:RE:RE:RE:RE:RE:RE:AGM

RE:RE:RE:RE:RE:RE:RE:AGMI was aware of this, but did not think that they made any progress on this front, since we recieved more updates on the previous projects when they were still in the planning phase. But you may be right, maybe the plan is already or almost ready and waiting for execution, lots of other junior miners used the past few months for data analysis etc, so we really might see more activity in the second half of the year.
Initially the completion of the Kwena disposition was planned for 1 June, but per their last NR the target date was 20 May - might be a sign that they are really working on more than we currently know.
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