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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

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

Bullboard Posts
Post by rayparon May 09, 2018 1:53pm
186 Views
Post# 28006190

What's the proposal production plan?

What's the proposal production plan?We are waiting to see the plan proposed by Bluedust to operate the Oena mine. In this type of gravel it is easy to quickly set up equipment to produce 100,000 cubic meters per month as it is done elsewhere in another mining site along the Orange River.

Here is an example Niewejaarskraal Project from Rocwell diamonds inc.

https://www.rockwelldiamonds.com/niewejaarskraal-property/

Check out and read from the Rockwell website the table under this paragraph
that indicates the equipment needed to produce 100,000 cubic meters per month:
The Niewejaarskraal processing plant has a throughput capacity of 100,000m3 per month. The plant has two processing streams, namely a dense media separation stream that processes the fine gravels with flowsort X-ray machines and a Bulk X-ray to process the coarse gravels.
--------------------------------

You will find that this can be done at the Oena mine and Bluedust could exploit blocks 2 to 6 which contains according to the standard 43-101 around 1,075,000 cubic meter and this in one year to produce about 15,000 carats of diamonds according to the average grade which I have calculated since the results of Bluedust. IMO

DYODD before buy or sell share of Tango.

GLTA

Raypar


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