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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 rayparon Jul 27, 2018 5:59pm
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Post# 28379518

RE:RE:RE:RE:RE:WOW.

RE:RE:RE:RE:RE:WOW. Just for your information about how much % each entity has in Oena mine.

Tango 43% they have 51% before they sold 8% to George Zard.

George Zard detains 31%  He his the founder of GZA group, he is a rich man....! He bought 8% directly from Tango and 23% in 2017 from Mr Gallagher adminitrator of Tango in a private transaction..

ASM 26% is a local poeple investor to respect African laws.    African Star mineral is a private company..

See a couple of news release in 2017 about that..

The key to Tango to make money at Oena is if Bluedust going in a large scale production  in run of mine like 250 000 tons per month and Tango around 60 000 tons per month with old tailings and bantam material. I hope they go to upgrade at a large scale soon to push share price  to a peak like thirty cents.

GLTA

Raypar
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities