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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.


TSXV:SML - Post by User

Southstone Minerals Ltd
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Comment by Pacmannon May 01, 2017 12:41am
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Post# 26185673

RE:RE:RE:RE:RE:RE:RE:Speculator

RE:RE:RE:RE:RE:RE:RE:Speculator
According to previous news release it said, "The contractor on site (see news release dated 18 November 2016) works a five-day week to reprocesses tailings with a single day shift and utilizes a Bourevestnik X-Ray sorter (BVX) to recover diamonds. During the period, no unprocessed gravel has been mined, only historical surface tailings from previous operators has been processed." I assume this latest find was still done according to the news info above with only surface tailing from previous operator and no new unprocessed gravel being mined. Now if this is the case can you imagine what they might find if project gets full speed ahead?
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