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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
Comment by yaz1980on Jul 27, 2018 1:09pm
96 Views
Post# 28378010

RE:Diamond sales

RE:Diamond salesThis montbluedust generated about $ 600000 from the sale of the diamond including the 42.5 carat one. It seems that the capacity of bluedust is to process about 30000 tones and the average amount of diamond recovered is 150 carat/month. I was hoping that they can recover more than 500 c/month because the previous contractor used to recover around this number. probably the real value of this mine is the size and the quality of diamond and not tbe quantity. lets hope they can recover more big diamonds and also Tango recover good number from tbe tailings.
Bullboard Posts