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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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Post by rayparon Jan 28, 2018 9:13pm
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Post# 27451508

Old Northern miner Article

Old Northern miner ArticleI found this on another forum.

Think about it, Think big. Come on Tango find the source of alluvial diamond at the Middlepits properties.

https://www.northernminer.com/news/diamond-news-roundup-tnk-reclassifies-botswanan-property-as-diamond-resource/1000095521/

Following a review of work completed by DeBeers Cosolidated Mines in the 1970s, Midswana Diamond Exploration has removed the Middlepits property in Botswana from the exploration category and tagged it a diamond resource.

Midswana, which is 70% owned by CDN-listed TNK Resources, estimates the resource contains close to 40 million carats.

DeBeers’ work on the property revealed 250 sq. km of diamondiferous gravels, and 4.43 carats from 72 stones were recovered from 68.2 tonnes of test material. Midswana says the sampling work by DeBeers was inadequate to test such a large diamond deposit, so the company will carry out bulk sampling and processing of gravels through a small pilot plant on site. Midswana expects to define high-grade areas within the gravels — possibly old river channels — which can be economically mined.

GLTA

Raypar
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Dealroom for high-potential pre-IPO opportunities