Southstone Minerals Ltd V.SML

Alternate Symbol(s): FDGMF

Energy

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.

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Southstone Minerals Ltd

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Post by Edp007on Aug 18, 2016 5:53pm

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Post# 25156320

Tango Mining property agreement for BK11 mine

2016-08-18 16:28 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation in connection with a sale of shares and claims agreement dated July 8, 2015, between Tango Mining Ltd. and Firestone Diamonds Ltd., under which Tango has agreed to acquire 100 per cent of Firestone's right in the processing facility, and interest and title in the mineral rights comprising its Botswana diamond operations (BK11 mine), held directly or indirectly, through the acquisition of all of the issued and outstanding shares of Firestone's 100-per-cent-owned subsidiary, Firestone Diamonds Botswana Pty. Ltd., and Firestone's 90-per-cent-owned subsidiary, Monak Ventures Pty. Ltd., for total consideration of $8-million (U.S.).

Insider/pro group participation: nil

For additional information, please refer to Tango's news release dated July 9, 2015.